I've been away since Thursday AM and just read the news release. Honestly I cannot say I'm surprised. I posted earlier in Mid august that because this was a shallow drill program, results would probably be underwhelming ... and they were.

I'm not one to say I told you so, that's not my style. I too was hoping I would be wrong but the indicators were there for us all to see, we just chose to ignore them.

17 holes totalling 1068 metres is around 60m per hole. Drilled on an angle, they are at best 50m down and more likely 30-40m. You can't expect much from drilling narrow veins at surface near the surface. It does, however, give the geos an indication of where to go next.

Sage has completed detailed geological mapping of the eastern side of the property and has identified two corridors of deformation/shearing and mylonitization hosting extensive vein systems.

Let's hope phase II is better. Even so this NR emphasises that this is a long term play .... There may be a huge run up in the next 6 months, there might not be ... play your cards as you like.

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