Sage Gold Inc.
TSX VENTURE : SGX

Sage Gold Inc.

September 08, 2009 08:00 ET

Sage Gold Inc.: 351.58 g Au/T Over 1.28 Metres- Channel Sample- King Solomon's Pillars

TORONTO, ONTARIO--(Marketwire - Sept. 8, 2009) - Sage Gold Inc. (TSX VENTURE:SGX) is currently active with an extensive channel sampling program on the King Solomon's Pillars property in the Beardmore Geraldton Gold camp (BGG). This ongoing sampling program is designed to test showings discovered through prospecting conducted in 2008. Refer to the press release of March 12, 2009. Initial selected highlights include:



Royal Crown Showing - channel samples - 351.58 g Au/T over 1.28 metres

11.60 g Au/T over 0.65 metres

10.23 g Au/T over 0.40 metres

8.90 g Au/T over 0.65 metres

4.57 g Au/T over 0.85 metres

grab samples - 19.08 g Au/T

10.936 g Au/T

Golden Sceptore Showing - grab samples - 154.09 g Au/T

90.76 g Au/T

80.78 g Au/T

40.57 g Au/T

(i) Channel results are not true widths due to surface undulations


- Royal Crown Showing exposed over a strike length of 50 metres

- Golden Sceptore Showing - visible gold in grab samples - exposed over 70 metres

- Channel sampling has been completed at the Royal Crown Showing and is ongoing at the Golden Sceptore, Amulet and Throne showings

- Drilling to commence by October 1st, 2009

Royal Crown channel sample results reported above were part of a larger, 25 channel sample set covering approximately 25 metres of strike length. Channel samples were taken from various locations within the stratigraphy to characterize the nature and distribution of gold mineralization. Gold anomalism was indicated in all 25 channels samples including the lowest grade sample of 0.21 g Au/T over 1.65 metres. Additional channel results from Royal Crown are pending; average channel sample lengths were one metre.

Geological mapping of the King Solomon's Pillars property has been underway since June. To date, a number of observations have been drawn:

- The King Solomon's Pillars property is situated in the northern part of the Southern Sedimentary Unit; one of three metasedimentary panels that combined with three intercalated metavolcanic units constitute the Beardmore Geraldton Belt. Numerous gold mines and prospects are known in this belt including the Leitch mine which historically produced 848,000 oz of gold with an average grade of 0.92 oz/ton, Sand River and the formerly producing King Solomon's Pillars mine located east of the property. The Southern Sedimentary Unit also hosted the MacLeod - Cockshutt mine in Geraldton which historically produced 1.476 Moz of gold with an average grade of 0.14 oz/ton.

- Gold is intimately associated with arsenopyrite and pyrite. Gold is associated with: a)silica-chlorite-sericite-carbonate altered pyrite-arsenopyrite bearing sheared arkosic sandstones; b) arsenopyrite bearing quartz-ankerite-hematite veins; and 3) sulphide (pyrite-arsenopyrite) replaced oxide facies (magnetite-hematite-jasper) banded iron formation, proximal to quartz veins..

- Gold mineralized shear zones are spatially associated with the banded iron formation units. The shear zones are D3 in age, reactivating S2 fabrics within D3 fold hinges.

- The primary feature on the property is a regional-scale F2 synform recognized on the basis of younging directions. The F2 fold axis largely dips steeply to the south, however, D3 deformation has partially disturbed its orientation. Geological mapping has shown that this structure closes toward the eastern boundary of the claims, proximal to the Strathcona shaft.

Sage's current model for the King Solomon's Pillars property is similar to that of the Geraldton area. That is, shallowly plunging ore shoots related to the preferential reorientation of pre-existing D2 structures by D3.

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. Assays reported in this news release were completed by Accurassay Labs in Thunder Bay. Accurassay's 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 10 g/t are re-assayed by fire assay with a gravimetric finish.

The technical content of this news release relating to the King Solomon's Pillars project 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.

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, King Solomon's Pillars and Onaman properties in the Beardmore Geraldton Gold camp in Ontario. 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 all Sage Gold Inc. investor relations needs, investors are asked to visit the Sage Gold Inc. IR Hub at http://www.agoracom.com/IR/sagegold where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to sgx@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

This release was prepared by management of the Company who takes full responsibility for its contents.

Some statements contained in this release are forward-looking and, therefore, involve uncertainties or risks that could cause actual results to differ materially. Such forward-looking statements include comments regarding mining and milling operations, mineral resource statements and exploration program performance. Factors that could cause actual results to differ materially include metal price volatility, economic and political events affecting metal supply and demand, fluctuations in mineralization grade, geological, technical, mining or processing problems, exploration programs and future results of exploration programs, future profitability and production. The Company disclaims any obligation to update forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Sage Gold Inc.
    Nigel Lees
    President and C.E.O.
    (416) 204-3170
    (416) 260-2243 (FAX)
    or
    Sage Gold Inc.
    Mike O'Brien
    Manager/Investor Relations
    (416) 204-3170
    (416) 260-2243 (FAX)
    www.sagegoldinc.com