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Bullboard - Stock Discussion Forum Sagres Energy Inc V.SGI

TSXV:SGI - Post Discussion

Sagres Energy Inc > bonanza grades
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Post by ppp on Jun 01, 2023 9:31am

bonanza grades

Four Eagles Gold Project, Victoria

Iris Zone strike extends to 500m with bonanza hits of up to 1,840g/t Au

Stunning assays provide more strong evidence that Four Eagles has the potential to be an extension of the historical 22Moz Bendigo Goldfield

Key Points

  • Latest assays from the Iris Zone include 6.5m @ 197.2g/t Au (incl. 0.55m @ 1,840 g/t Au), 3.7m @ 42.4g/t Au, 4.2m @ 53.4g/t Au, 1.7m @ 147.0g/t Au & 1.5m @ 28.8g/t Au

  • Iris Zone appears to be continuous with mineralisation intersected over a 500m strike length where it remains open in both directions

  • The Iris Zone occurs within fresh consolidated rock, which is in close proximity to the proposed exploration access tunnel at Four Eagles

  • Iris Zone presents first clear ‘proof of concept’ that Four Eagles contains the same structural style as the historical 22-million-ounce Bendigo Goldfield, where high-grade mineralised zones repeated at depth

  • Numerous high-grade mineralised intercepts still lie within close proximity to the proposed tunnel, further supporting the concept of multiple high-grade veins in the Four Eagles area

Comment by PulpCutter on Jun 01, 2023 9:54am
Interesting that Plutonic has even better recent hits.   Indian: 4480 g/t over 0.3 meters Baltic: 56.3 g/t over 15.1 meters   (see slide 15 here) https://superior-gold.com/site/assets/files/6482/superior_gold_-_corporate_presentation_february_2023v2.pdf
Comment by ppp on Jun 01, 2023 10:59am
Thanks for the info.