Toronto, Ontario, June 17, 2009
Sage Gold Inc (TSX-V. SGX) has discovered nine new gold veins on the Paint
Lake property in the Beardmore Geraldton Gold camp. Vein 1 results were
reported in the press release of August 25, 2008. Selected highlights of the current
sampling are detailed below:
• Vein 10 – channel samples – 22.77 g Au/T over 0.40 metres
22.16 g Au/T over 0.40 metres
14.45 g Au/T over 0.45 metres
16.69 g Au/T over 0.55 metres
• Vein 7 – channel samples –12.54 g Au/T over 0.20 metres
grab samples 26.06 g Au/T
20.37 g Au/T
34.66 g Au/T
Channel Results are not true widths due to surface undulations.
• Veins 1,7,8 and 10 - 1.3 kilometres strike length
• Vein 4 – exposed over 100 metres of strike length – veins up to 2
metres in width.
• Drilling planned for late Fall 2009
• Paint Lake property is contiguous to Ontex’s Brookbank gold deposit.
Vein 4 is exposed over a strike length of approximately 100 metres. It consists of an
up to 2 metre wide quartz-sulphide vein localized within an ENE trending shear
interpreted as a component of the Paint Lake shear zone. At its eastern end the vein
abruptly changes strike, exploiting a NW trending structure that is related to the latestage
development of the Paint Lake shear zone.
Vein 7 is exposed over a strike length of approximately 40 metres. It is hosted within
a discrete NW trending dextral structure similar to the one controlling Vein 4. It
consists of a narrow quartz vein containing pyrite, chalcopyrite and galena.
Detailed mapping is currently being completed at both showings to better understand
the controlling structures and the distribution of the gold mineralization.
SAGE GOLD INC.
365 Bay Street
Suite 500
Toronto, Ontario
Canada. M5H 2V1
Tel.: 416 204-3170
Fax: 416 260-2243
info@sagegoldinc.com
TSX-V: SGX
2
The new zones represent a significant expansion of the surface gold showings
discovered last year and reported in press releases on August 25, 2008 and March
12, 2009. Veins 7, 8, 1 and 10 occur at or within the Paint Lake shear zone over a
combined strike length of 1.3 kilometres. Veins 4, 5 and 9 occur southeast of the
Vein 7 – Vein 10 zone and represent secondary vein structures within mafic volcanics.
Please refer to www.sagegoldinc.com for a map and current channel and grab
samples of Veins 1 – 10 on the Paint Lake property.
The Paint Lake property is located contiguous to the western end of Ontex’s Brookbank
gold deposit which has 43-101 compliant inferred and indicated mineral resources. Ontex
announced (12/18/08) a drill intersection of 85.9 g Au/T over 3.4 metres from drilling
completed on the Brookbank deposit. Sage’s new gold zones occur in a
structural/stratigraphic corridor that encompasses Veins 7, 8, 1, 10 and 2 as one potential
mineralized horizon and Veins 5, 9, 3 and 4 as another series of parallel and sub-parallel
veins. Sage will continue to expose, map and sample the current vein structures and will
prospect for additional veins throughout the summer season.
SAGE is a mineral exploration and development company which has interests in exploration properties
in Ontario, Nevada and Arizona. Its main properties are the Jacobus, Paint Lake, Solomon Pillars and
Onaman properties in the Beardmore Geraldton Gold camp and the Kerrs property in Ontario; the Pony
Spur and Sugarloaf properties situated in Nevada; and the Gold Hill property in Arizona. Technical
reports relating to the properties can be obtained from the System for Electronic Document Analysis and
Retrieval (SEDAR) website at www.sedar.com.
For further information, contact: Nigel Lees, President and C.E.O., or
Mike O’Brien, Manager/Investor Relations
Phone: 416-204-3170 Fax: 416-260-2243