Sage Gold Inc.

Sage Gold Inc.

December 14, 2011 08:00 ET

Sage Intersects 4.6 Metres of 14.53 g/t Au (Cut) at Clavos

TORONTO, ONTARIO--(Marketwire - Dec. 14, 2011) - Sage Gold Inc. (TSX VENTURE:SGX) announces additional drill results from the 2011 drill program at the Clavos deposit in Timmins, Ontario. The current results relate to Geotechnical drilling conducted on behalf of St Andrew Goldfields (TSX:SAS) and additional results from the down plunge and 960 zone drilling. The company has spent $2.8 million to date at Clavos and is close to completion of the 60% earn-in schedule with SAS.

The Geotechnical drilling (CL-11-22 through CL-11-25) was conducted on behalf of SAS pursuant to the requirements of the SAS closure plan related to the Clavos property. Holes CL-11-23 and CL-11-24 were designed to intersect above existing stopes on the 100 Level and holes CL-11-22 and CL-11-25 were targeted to intersect above existing stopes on the 150 Level. The mineralisation in CL-11-22 and CL-11-25 occurs outside of stope void and is within both the hanging wall and footwall resource outlines from the SAS resource of 2006. The mineralisation in CL-11-24 is above the stope void and within the hanging wall zone. CL-11-23 broke through into the stope. Sage completed sampling and assaying of the mineralized zones in order to test the continuity and grade of gold mineralisation within the existing measured resource blocks. The drill results from holes that were drilled above the stopes intersected the DL alteration zone consisting of strong sericite altered ultramafics with several intermediate to mafic, feldspar and quartz-feldspar intrusive units containing 30-80% quartz-ankerite veining/flooding and 5-8% combined pyrite-arsenopyrite. The best mineralization was intersected in CL-11-24 and CL-11-25 with multiple specks of visible gold (VG) noted. The assay results reflect the extent of high grade gold mineralisation proximal to existing stopes.

Holes CL-11-15 and CL-11-16, were drilled to test the down plunge extension of the DL alteration zone approximately 370 metres below surface and 150 metres down plunge of the eastern end of the underground workings. Holes CL-11-14 and CL-11-31 were drilled into the upper portions of the 960 zone 670 metres and 700 metres east respectively of the Clavos deposit.

Hole ID Section From (M) To (M) Interval(M) Assay(GPT)
CL-11-22 513430E 124.4 132.7 8.3 2.16
INCL 132 132.7 0.7 8.3
145.6 152.0 6.4 1.58
CL-11-23 513100E 96.6 96.9 0.3 0.87
CL-11-24 512995E 53.9 55.0 1.1 2.31
57.7 65.2 7.5 2.51
INCL 59.0 59.7 0.7 15.55
CL-11-25 513495E 75.7 79.9 4.2 0.69
100.0 102.3 2.3 1.04
109.8 123.0 13.2 1.58
UNCUT 126.4 131.0 4.6 17.11
CUT TO 60gpt 126.4 131.0 4.6 14.53
UNCUT 128.3 129.4 1.1 63.74
CUT TO 60gpt 128.3 129.4 1.1 52.96
Hole ID Section From (M) To (M) Interval(M) Assay(GPT)
CL-11-15 514210E 391 392.6 1.6 0.83
412 414 2 1.01
436.6 437.6 1.0 6.74
441.5 443.6 2.1 0.82
450 451 1.0 13.6
CL-11-16 514150E 406.3 407 0.7 2.75
436 436.8 0.8 18.5
Hole ID Section From (M) To (M) Interval(M) Assay(GPT)
CL-11-14 514870E 201.0 201.3 0.3 3.23
219.0 221.0 2.0 1.95
CL-11-31 514900E 97.1 98.25 1.15 1.06
113.75 118.1 4.35 1.84
189.0 190.0 1.0 2.62
Italics denote previously reported assay results.
Note - Interval widths reported are drill intercept widths and not true widths.

Sage Gold Inc. has implemented a rigorous QA/QC program using best practice principles are being applied to the sampling/analysis of the drill core and complies with National Instrument 43-101 requirements for the Clavos property. The NQ core is delivered to the secure core shack facility on site by the drill contractor and/or Sage personnel. Prior to splitting, all drill core is photographed. Core splitting is done with a diamond core saw and 1/2 of the drill core is submitted to ALS Chemex Laboratories, an accredited laboratory for analysis. The remainder of the core is stored at the Clavos Mine Property. All samples are shipped in sealed bags with numbered security tags and transported in a company truck from the property to ALS Chemex Laboratories preparation lab in Timmins, ON.

Sage routinely inserts certified standards, blanks and field duplicate samples into the sample stream. The sample preparation procedures for drill core samples consist of crushing the samples to 70% minus 9 mesh (2mm), pulverizing a 1000g sub-sample to 85% minus 200 mesh (75um), and analyzed by standard fire assay (FA) method using a 30 gram sample with AA finish and any samples assaying greater than 5.0 gpt Au are re-analyzed using a gravimetric finish. For mineralized zone intervals where visible gold is observed to be present, samples are submitted for analysis using the metallic screen method where the entire half core is crushed, pulped and screened to 100 mesh. The screen coarse and fine fractions are analyzed by fire assay (FA) method with a gravimetric finish and the total assay result is calculated. The ALS Chemex and internal Sage QA/QC samples are routinely monitored for contamination, accuracy and precision by an independent consultant.

The technical content of this news release has been reviewed and approved by Sage's consulting geologist David Gliddon P.Geo. of Glider Geoservices Inc., who is a Qualified Person as defined by NI 43-101.

SAGE is a mineral exploration and development company which has primary interests in near -term production and exploration properties in Ontario. Its main properties are the Clavos Gold deposit in Timmins and the Lynx deposit and other exploration properties in the Beardmore -Geraldton Gold Camp. Technical reports and information relating to the properties can be obtained from the System for Electronic Document Analysis and Retrieval (SEDAR) website at and

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

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended and "Forward Looking Information" within the meaning of applicable Canadian securities legislation. Some forward looking statements and forward looking information 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 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, exploration programs and future results of exploration programs, future profitability and production. The Company disclaims any obligation to update forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Sage Gold Inc.
    Nigel Lees
    President and C.E.O.
    416-260-2243 (FAX)

    Sage Gold Inc.
    Mike O'Brien
    Communications Manager/Investor Relations
    416-260-2243 (FAX)