Would recommend all SGX shareholders read latest KXL MD&A. Here are just a few key excerpts IMO. Lots of assays pending and news to come... 8 drills!... $42 million cash in the bank... truly
unbelievable opportunity to pick up KXL and SGX at these prices IMO. From website: "Jacobus - Gold bearing vein structures have been discovered in SE section, drilling to commence end of October '08"... I'll say it again... "Gold bearing vein structures". Looking forawrd to SGX results and KXL results from northwest exploration and Solomon Pillar's drilling... All of which is well underway and assays are pending.

"In addition, the first holes drilled at the far northwest end of the Golden Mile have intersected quartz-pyrite veining accompanied by broad zones of shearing and alteration. These recently completed holes extend the Golden Mile vein system another 400 meters or more And it remains open at depth as well as this continuation to the northwest."

"Initial prospecting in the area northwest of the Golden Mile has already discovered a large system of strongly mineralized quartz veining that is on strike with the Golden Mile, and could potentially more than double its strike length to over 5 kilometres. Assays are pending and advanced follow up exploration is underway."

"The northwest corner of the property lies only a few hundred metres from the Bruneau mine portal, where pyrite-pyrrhotite-chalcopyrite mineralization is contained in a network of quartz-carbonate veins. These mineralized veins are controlled by north-trending shears in the same silicified and propylitically altered mafic volcanic that underlie much of the Roy claim group. It is concluded that the Roy claims have the potential to host both Grandroy and Bruneau-type mineralization."

"By 25 August, 2008, Kodiak had completed airborne magnetic and VLF surveys over a total of 37 drill holes totaling 6677.6 metres on its Beardmore-Geraldton area regional properties, including 16 holes (3349.7 m) at Solomon’s Pillars, 2 drill holes (213 m) at Maki, and 6 drill holes (833 m) at GMO. Results are pending."

"The Solomon’s Pillars prospect is a gold-mineralized shear in or adjacent to iron formation that was explored underground in 1936 and 1937. The original gold zone was reported to be 46.9 m long and 2.1 m wide with an average grade of 11.7 gpt Au. Subsequent trenching and drilling in 1963 expanded the gold bearing zone to 563 metres long by 6.4 metres wide by 91.4 metres deep, with a best value of 48.7 gpt Au, and it remained open. Kodiak’s initial channel sampling returned 12.82 gpt Au over 5.5 metres, including 25.1 gpt Au over 0.9 metres. Initial drilling has intersected 20 to 30 metre thick zones of intensely mineralized banded iron formation and sheared clastic rock, and assays are pending."

Again, all SGXers should read this in its entirety. Not long now IMO. Great week and more great weeks to come. Just like last year? We'll see.

red911