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Message: SGX News... More BG gold, silver, platinum, palladium, nickel, copper, etc...

SGX News... More BG gold, silver, platinum, palladium, nickel, copper, etc...

posted on Nov 30, 2009 08:45AM

Lots of good results from all around BG... very preliminary sampling results however... "seeking joint venture partners to accelerate the development of Sage's properties in the BGG."... Should have done this some time ago IMO.

BTW... SGX still has Paint Lake (east of ONT Brookbank) and Solomon's Pillars drill results pending. If these are good and they can announce somekind of JV agreement with someone... maybe some upside from just 5 cents... ?...

red911

Sage Gold grab samples up to 61.9 g/t Au at Dorothea

2009-11-30 08:27 ET - News Release

Mr. Nigel Lees reports

SAGE-2009 NEW DISCOVERIES IN BGG

Sage Gold Inc.'s extensive exploration activities in 2009 in the Beardmore-Geraldton gold camp (BGG) have yielded new surface discoveries of gold, silver, platinum, palladium, nickel, copper, chromium, lead and zinc in grab and channel samples on nine different properties.

Sage has completed surface prospecting, grab and channel sampling, and geological mapping on its large land package in the BGG, a total of 150,000 acres. Further property details are outlined in the following paragraphs.

Highlights:

  • At Bernadine, the channel sample values ranged to highs of 1.02 per cent copper, 0.39 per cent nickel, 1.66 grams per tonne (g/t) palladium, 0.75 g/t platinum, 2.15 per cent chromium, 14.31 g/t silver and 0.135 g/t gold to levels below the detection limits.
  • Currie (Hopkins) returned channel samples of up to 11.1 g/t gold, 285.11 g/t silver, 3.8 per cent lead and 4.6 per cent zinc over 0.38 metre, with a low value of 0.01 g/t gold, 5.28 g/t silver, 0.06 per cent lead and 0.05 per cent zinc over 0.6 metre.
  • The best grab sample at YM (Onaman) yielded 9.9 g/t gold, 1,327.5 g/t silver, 10.5 per cent lead, 6.4 per cent zinc and 0.3 per cent copper.
  • At Dorothea, the best grab sample yielded 61.9 g/t gold and 1,830.3 g/t silver.

Sage President & CEO Nigel Lees commented; "With the addition of these results, we have enhanced our comprehensive exploration portfolio and are seeking joint venture partners to accelerate the development of Sage's properties in the BGG."

Property Details:

Bernadine

- Located south of Onaman Lake within the Onaman batholith. The surface mineralization is associated with blocks of pyroxenite that represent older enclaves of ultramafic material which have been trapped in the younger Onaman Tonalite intrusive. Sage collected 650 channel and grab samples (half to one metre channels) during the field season. Channel values ranged from high numbers of 1.02 per cent copper, 0.39 per cent nickel, 1.66 g palladium/t, 0.33 g platinum/t, 2.15 per cent chromium, 14.31 g silver/t and 0.135 g gold/t to numbers below detection limits. Thirteen different surface areas were stripped and sampled (approximately 300 square metres).

Currie (Onaman)

- Located in the Onaman-Tashota Belt northeast of Sage's Lynx Cu-Au-Ag deposit within mafic volcanic rocks one kilometre west of the Tashota-Nipigon mine.

- Mineralization is associated with sheared semi massive to massive sulphide horizons and quartz stockwork zones.

- 28 grab samples taken at the showing in 2009. Grab samples of up to 3.1 g gold/t, 792.2 g silver/t, 12.0 per cent lead and 7.9 per cent zinc. Average of the 28 grab samples is 0.6 g gold/t, 68.7 g silver/t, 1.0 per cent lead and 2.0 per cent zinc.

- Channel samples of up to 11.1 g gold/t, 285.11 g silver/t, 3.8 per cent lead and 4.6 per cent zinc over 0.38 metres. A weighted average of the channels (12.1 metres distributed over 75 metres of strike length) yields 0.6 g gold/t ,52.0 g silver/t , 0.9 per cent lead and 1.4 per cent zinc. Twenty three channel samples were taken and all results have been received.. The lowest channel sample of the reported group yielded 0.01g gold/t, 5.28 g silver/t, 0.06 per cent lead and 0.05 per cent zinc over 0.6 metres

YM (Onaman)

- The YM area is located approximately 3 kilometres south of Sage's Lynx Cu-Au-Ag deposit, within the same package of mafic volcanic rocks.

- Precious and base metal mineralization is related to a number of semi-massive to massive sulphide bands and sulphide bearing quartz veins.

- 42 grab samples were taken from the property in 2009. To date, assay results are available for 19 of these samples and include a sample containing 9.9 g gold/t. 1327.5 g silver/t. 10.5 per cent lead, 6.4 per cent zinc and 0.3 per cent copper. The average metal content of the 19 samples, collected over a strike length of approximately 200 metres, is 2.3 g gold/, 133.4 g silver/t, 1.5 per cent lead and 3.3 per cent zinc.

Bearskin Lake

- Located in the northern mafic volcanic unit of the Beardmore-Geraldton Belt (BGB), south of the Paint Lake property.

- Mineralization associated with sulphide bearing quartz veins and silicified east-west trending shear zones.

- Approximately 425 grab samples were taken across the property in 2009. Gold bearing samples with up to 11.2 g gold/t. Thirteen samples of greater than 0.5 g gold/t. Silver and lead values up to70.2 g silver/t and 1.27 per cent lead with anomalous copper and zinc values. Additional results are pending.

Clist Lake

- Located at the contact between the southern volcanic belt of the BGG to the north and unnamed siliciclastic sediments of the Quetico Subprovince to the south.

- Gold and lesser base metal mineralization is associated with shear hosted sulphide bearing quartz veins and arsenopyrite-rich altered selvedges.

- 15 grab samples taken in 2009 from the McKenzie Zone. Gold values up to 7.4 g gold/t (average over 15 samples is 1.7 g gold/t).

Crooked Green Lake

- Located in the Onaman-Tashota belt within the Crooked Green gabbro north of Sage's Jacobus property.

- Gold mineralization associated with shear hosted pyrite-chalcopyrite bearing quartz veins.

- Approximately 185 grab samples taken over the property in 2009. Gold bearing grab samples up to 3.4 g gold/t. Historical grab sample contained 38.0 g gold/t.

Dorothea

- Located on the southeastern shore of Lake Nipigon in felsic volcanic rocks composed of subaqueous felsic flows, volcaniclastics and porphyry intrusives. The package is a fault-bounded wedge within the western segment of the BGB.

- Gold and silver mineralization occurs within quartz-pyrite-arsenopyrite veins hosted in west-northwest trending fractures within porphyry intrusions.

- 165 grab samples were taken on the property in 2009. The best sample yielded 61.9 g gold/t and 1830.3 g silver/t from a known gold showing. Newly discovered showings yielded values as high as 9.8 g gold/t, 38.9 g silver/t and 1.4 per cent copper. 17 of the 165 grab samples yielded gold values greater than 0.5 g gold/t.

Spooner

- Located in the southern mafic volcanic unit of the BGG near the contact with the southern sedimentary panel. Spooner is located immediately east of Roxmark's Northern Empire Mine. The claim covers mafic volcanics, siliciclastic sediments and iron formation.

- Mineralization consists of gold bearing shear hosted quartz-pyrite-arsenopyrite veins, particularly along the northern boundary of the claim.

- Approximately 100 grab samples were collected on the property in 2009 with specific focus on two veins along the northern boundary of the claim (63 samples total). The average gold content of both veins combined over a strike length of approximately 380 metres was 1.9 g gold/t with the highest grab being 14.9 g gold/t.

Two Rivers

- Located in mafic volcanic rocks, interflow sedimentary rocks and iron formation units to the west of Sage's Lynx Cu-Au-Ag deposit.

- Base and lesser precious metal mineralization is associated with drusy sulphide bearing quartz veins hosted in shear zones and at lithological contacts.

- 250 grab and channel samples were taken on the property during 2009. The best grab sample yielded 0.99 g gold/t, 75.45 g silver/t, 0.69 per cent copper and 0.38 per cent zinc while the best channel sample (1 metre length) yielded 21.44 g silver/t, 0.22 per cent copper and 0.89 per cent zinc.

Technical Information

Sage's channel samples are between 3 and 4 cm wide and are cut with a motorized diamond saw to a depth of approximately 5 cm. The channels are cut as close to perpendicular to the strike of the vein as permitted by the rock surface. Samples are taken from the footwall, the vein and the hanging wall. Sample intervals are chosen to provide a representative sample of the surface mineralization of the vein and the wall rock. Channel sample widths are not true widths due to surface undulations.

The grab samples reported in the press release are selected at random. The grade of the grab samples may not be representative of the grade of the deposit and should not be relied upon for this purpose.

Assays reported in this news release were completed by Accurassay Labs in Thunder Bay and ALS Chemex in Thunder Bay and Vancouver. Accurassays' gold analysis is performed using a 30g fire assay charge. The fire assay procedure uses lead collection with a silver inquart. The beads are then digested and an atomic absorption or ICP finish is used. All gold assays that are greater than 100 g/t are re-assayed by fire assay with a gravimetric finish. Accurassay uses induced couple plasma (ICP) testing for all of the base metal assays reported in this press release with a fire assay finish for high grade precious metal samples and atomic absorption finish for high grade base metal samples. ALS Chemex uses similar assay methods for precious metals and base metal assays.

The technical content of this news release relating has been reviewed by Sage's consulting Geologist Robert B. L'Heureux, M.Sc., P.Geol. of APEX Geoscience Ltd., who is a qualified person as defined by NI 43-101.

We seek Safe Harbor.

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