Sage Gold Inc.: Aggressive 2008 Drill Program

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Sat, May 17, 2008
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Post by Melissa Pistilli, Gold Senior Reporter

Sage Gold Inc.

Overview

Sage Gold Inc. is a mineral exploration company managed by an experienced team of financial and geological specialists with extensive experience in all aspects of exploration, development, and financing of both senior and junior resource companies. The company is focused on exploring, developing and acquiring economic properties in the Americas.

Sage has an aggressive 2008 drill program with the main focus on properties in the Beardmore-Geraldton gold camp in Northwestern Ontario.

Management is committed to enhancing shareholder value by developing current properties as well as identifying new opportunities and resources.

Chief Properties

Onaman Lake Project (Beardmore, Ontario)

The Onaman Lake Project Area encompasses the Tashota-Nipigon Gold Mine and the MacDonald Lake block which consists of 53 claims totalling 8224 hectares. Access to the area is via secondary roads from Beardmore, Ontario, some 50 km to the east of the project area.

Jacobus Lake Project (Beardmore, Ontario)

The Property was discovered in 1947. Inco drilled 9 holes and completed a series of four trenches. In 1957, Jacobus Mining Corporation Limited acquired the property; completed a Geological Survey, a Geophysical Survey and drilled 46 holes. The property was optioned to Chesterville Mines Limited in 1968. Chesterville completed 9 vertical holes to acquire a 75% interest and in 1969 they also conducted electromagnetic, magnetic, geological and geochemical surveys. A.C.A. Howe International Limited estimated the indicated reserves to be 937,538 tons of 0.43% Cu and 0.41% Ni. In 1971 Chesterville Mines Ltd. outlined a deposit of 958,803 tons grading 0.43% Cu and 0.40% Ni. In 1993, SEG Explorations Inc. completed line cutting, geology, geophysics and 11,691 feet of diamond drilling.

Management

  • Nigel Lees – President/CEO
  • Bill Love – Vice-President/Business Development
  • Mike O’Brien – Manager/Investor Relations
  • Art Hampson – Chief Financial Officer
  • Michael Skutezky – Secretary/General Counsel

Search for Sage Gold News

Media Links

Onaman and Gold Hill Video Presentation

Exploration in the Americas presentation – June 2008

Exploration Review – January 2008

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Asides
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