Big Bend
posted on
May 29, 2008 04:15PM
Focused on becoming a near-term Gold Producer
Tis property got my attention awhile back, heach leaping some nice early samples, and hmmm Arizona?
SAGE GOLD INC.
365 Bay Street
Suite 500
Toronto, Ontario M5H 2V1
Tel: (416) 204-3170 - Fax: (416) 260-2243
www.sagegoldinc.com
March 23, 2006 Trading Symbols: TSXV-SGX
CNQ-SAGE
____________________________________...
NEWS RELEASE
SAGE ANNOUNCES SOIL ASSAYS OF UP TO 9.25 g/t AND 58 g/t
IN ROCK CHIP SAMPLES, BIG BEND PROPERTY
____________________________________...
Sage Gold Inc. ("SAGE") is pleased to announce that it has obtained an Arizona State Land lease on 180 acres on the Big Bend Gold property that is located in Yavapai County T13N R10W SW1/4 Section 36. The Big Bend is approximately 100 miles northwest of Phoenix, west of Highway 93.
Gerber Minerals explored the property in 1985 and identified gold mineralization within Precambrian granites and granodiorites. The gold mineralization is localized within a broad zone of hematitic alteration within an even broader alteration envelope of silification expressed by a stockwork of stringers, veinlets and occasional veins of massive quartz several feet wide that are mineralized with gold. Gerber reported gold assays as high as 0.9 oz/ton (30.86g/t) within the quartz veins. However, lower grade gold values (0.04oz/ton - 1.37g/t to 0.06oz/ton - 2.06g/t) have been reported (Gerber) within the hematitic alteration zone as a pervasive constituent of both the altered granites and the younger volcanics. The gold bearing material appears to be amenable to heap leaching as indicated by a column leach test which yielded gold recoveries to be over 70 per cent.
Sage completed a sampling program over part of the Big Bend area which was intended to sample both the quartz vein structures and the surrounding alteration envelope. Fifty rock/soil samples of the surface material and eight rock chip samples of the veins in the adit and pits were taken on a 30 x 30 metre grid and were sent to SGS laboratories in Toronto, Canada.
Soil samples assayed from 1 ppb to 9250 ppb (9.25g/t) Au. Samples that were greater than 50 ppb were rerun and assayed from < 0.03 to 8.64 g/t gold. Rock chip samples assayed 0.43 to 58 g/t. 2
The following table provides the results for both the soil and rock chip samples. Samples |
Au ppb |
Au g/t |
Type |
Samples |
Au ppb |
Au g/t |
Type |
37701 |
27 |
Soil |
37730 |
52 |
<0.03 |
Soil |
|
37702 |
61 |
<0.03 |
Soil |
37731 |
6 |
Soil |
|
37703 |
26 |
Soil |
37732 |
5 |
Soil |
||
37704 |
4 |
Soil |
37733 |
8 |
Soil |
||
37705 |
414 |
0.37 |
Soil |
37734 |
10 |
Soil |
|
37706 |
21 |
Soil |
37735 |
78 |
0.05 |
Soil |
|
37707 |
5 |
Soil |
37736 |
3 |
Soil |
||
37708 |
3 |
Soil |
37737 |
15 |
Soil |
||
37709 |
9250 |
8.64 |
Soil |
37738 |
7 |
Soil |
|
37710 |
39 |
Soil |
37739 |
91 |
0.1 |
Soil |
|
37711 |
13 |
Soil |
37740 |
43 |
Soil |
||
37712 |
11 |
Soil |
37741 |
4 |
Soil |
||
37713 |
53 |
<0.03 |
Soil |
37742 |
26 |
Soil |
|
37714 |
27 |
Soil |
37743 |
265 |
0.26 |
Soil |
|
37715 |
67 |
0.05 |
Soil |
37744 |
5 |
Soil |
|
37716 |
2 |
Soil |
37745 |
<1 |
Soil |
||
37717 |
28 |
Soil |
37746 |
3 |
Soil |
||
37718 |
24 |
Soil |
37747 |
3 |
Soil |
||
37719 |
63 |
0.04 |
Soil |
37748 |
9 |
Soil |
|
37720 |
7 |
Soil |
37749 |
10 |
Soil |
||
37721 |
1 |
Soil |
37750 |
6 |
Soil |
||
37722 |
17 |
Soil |
37651 |
2 |
Rock Chip/adit |
||
37723 |
563 |
0.51 |
Soil |
37652 |
8 |
Rock Chip/adit |
|
37724 |
29 |
Soil |
37653 |
>10000 |
58 |
Rock Chip/vein |
|
37725 |
4 |
Soil |
37654 |
>10000 |
10.9 |
Rock Chip/pit |
|
37726 |
6 |
Soil |
37655 |
>10000 |
12.3 |
Rock Chip/pit |
|
37727 |
12 |
Soil |
37656 |
1110 |
1.02 |
Rock Chip/pit |
|
37728 |
212 |
0.23 |
Soil |
37657 |
2390 |
2.27 |
Rock Chip/pit |
37729 |
54 |
0.04 |
Soil |
37658 |
442 |
0.43 |
Rock Chip/pit |