Sage Drills 8.08 g/t Over 6.3 Metres-Clavos
TORONTO, ONTARIO -- (Marketwire) -- 06/02/11 -- Sage Gold (TSX VENTURE: SGX), announced today additional results from the ongoing diamond drill program at the Clavos project in Timmins, Ontario. Drilling is concentrated on two areas. The first area represents the new gold zone (Press Release of April 26, 2011) east and up dip of the location of the St. Andrew Goldfields (SAS) October 2006 resource estimate (refer to www.sasgoldmines.com). The second area is immediately down plunge of the existing underground workings. Highlights from the eastern and down plunge drilling are detailed below. Sage currently has two drills operating and has drilled approximately 5,200 metres of a planned 12,500 metres drill program to date at the Clavos project.
Highlights
Eastern Drilling
-- CL 11-07 - 8.08 g/t Au over 6.3 metres including 11.72 g/t Au over 3.5
metres
-- CL 11-12 - 4.08 g/t Au over 5.6 metres including 28.2 g/t Au over 0.6
metres
-- CL 11-12 - 18.83 g/t Au over 1.8metres
-- CL 11-12 - 1.44 g/t Au over 6.8 metres
-- CL 11-08 - 5.05 g/t Au over 5.15 metres including 7.48 g/t Au over 2.3
metres
-- CL 11-10 - 6.15 g/t Au over 2.1 metres including 21.6 g/t Au over 0.4
metres
-- CL 11-06 - 1.8 g/t Au over 3.2 metres including 4.7 g/t Au over 0.8
metres
Down Plunge Drilling
-- CL 11-15 - 6.74 g/t Au over 1.0 metres and 13.6 g/t Au over 1.0 metres
The eastern drilling is intended to develop a new gold zone that was first discovered by Canamax in 1987 and was designated as the '960 Zone' by Kinross in 1999-2000. The 960 Zone was not included in the SAS resource calculation of 2006. CL 11-07 was designed to test the DL alteration zone 30m east of the significant intersection returned in Canamax's hole CL-210 (8.5 g/t over 3.0 metres) The hole encountered numerous grey silicified and/or chlorite-rich and silicified intermediate to mafic intrusive units within the sericite and/or ankerite altered fragmental to massive ultramafic volcanic rocks of the DL alteration zone. Significant quartz-ankerite veining, pyrite and arsenopyrite mineralization occurs within the intermediate to mafic intrusive unit(s) and is interpreted to be the same footwall zone mineralization intersected in hole CL-210.
Nigel Lees (President and CEO) stated - 'We are very encouraged by these results with high grade intersections with good mining widths. These results are not in the current compliant resource and thus represent a potential material increase to the overall size of the Clavos deposit. We continue to drill with one rig targeting the down plunge extension and the second rig drilling below the main mine workings'.
CL 11-15 was designed to test the down-plunge extension of the DL alteration zone on Section 514210E at 850 elevation (el), 425 metres below surface and collared 100 metres east of the eastern extent of the underground workings. The hole encountered a graphitic fault zone at the sediment-DL alteration zone contact at 426.7m. The lithological package included intensely deformed sericite-altered fragmental ultramafic volcanics, with associated quartz veins and several narrow feldspar porphyry intrusives containing pyrite mineralization.
The Clavos drill program is currently concentrating on testing the eastern down plunge extension of the DL alteration zone with one rig targeting this area of the deposit. The second rig is being moved to target the mineralization between Sections 513200E and 513500E at 1000el to 800el, between 275-475 metres below surface. This area is below the central part of the existing mine workings where Sage identified undisclosed underground drilling (press release of September 25, 2010) that post dated the October 2006 resource calculation.
CLAVOS 2011 DRILL PROGRAM
EAST DRILLING - 960 ZONE
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HOLE ID SECTION FROM (M) TO (M) ASSAY(GPT) INTERVAL(M)
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CL 11-05 514840E 56 58 2.49 2.0
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69.6 78.2 1.40 8.6
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INCL 76.05 77.6 5.71 1.55
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99.7 100.4 2.21 0.7
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113.4 113.8 1.44 0.4
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115.6 116.25 6.83 0.65
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CL 11-06 514840E 124.1 132.3 5.14 8.2
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INCL 126.5 129 10.11 2.5
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145 148.2 1.8 3.2
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INCL 145.6 146.6 4.70 0.8
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CL 11-07 514900E ASSAYS PENDING
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120.5 126.8 8.08 6.3
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INCL 120.5 124.0 11.72 3.5
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CL 11-08 514900E 168.8 169.5 1.14 0.7
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185.6 190.75 5.05 5.15
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INCL 187.5 189.8 7.48 2.3
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CL 11-09 514780E 104 106 1.42 2.0
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108.9 110 3.94 1.1
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INCL 109.4 110 8.46 0.6
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CL 11-10 514780E 98 102.6 1.24 4.6
---------------------------------------------
158.4 160.5 6.15 2.1
---------------------------------------------
INCL 159.5 159.9 21.6 0.4
---------------------------------------------
168.8 169.9 3.62 1.1
---------------------------------------------
172.5 173.3 3.78 0.8
---------------------------------------------
184.5 185.5 3.21 1.0
---------------------------------------------
187.95 189.2 1.99 1.25
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CL 11-11 514900E ASSAYS PENDING
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CL 11-12 514810E 112.5 119.3 1.44 6.8
---------------------------------------------
122.5 124.3 18.83 1.8
---------------------------------------------
130 135.6 4.08 5.6
---------------------------------------------
INCL 135 135.6 28.2 0.6
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CL 11-13 514840E ASSAYS PENDING
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DOWNPLUNGEDOWN PLUNGE DRILLING
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CL 11-15 514210E 436.6 437.6 6.74 1.0
---------------------------------------------
441.5 443.6 0.82 2.1
---------------------------------------------
450 451 13.6 1.0
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Italics denote previously reported assay results used to generate new composites.
Note - Interval widths reported are drill intercept widths and not true widths.
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.
The historic surface drill hole assay result highlighted above was drilled by Canamax in 1987. Sage is unable to verify the sampling, sample preparation, assaying, and QA/QC procedures of Canamax to meet industry standards at the time of drilling. The surface hole results are only being used as a guide to the current round of drilling.
QA/QC Program Protocols
Sage Gold Inc. has implemented a rigorous QA/QC program. Best practice principles are being applied to the sampling/analysis of the drill core and comply 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, Ontario.
Sage routinely inserts certified standards, blanks and field duplicate samples into the sample stream. The certified analytical standards were supplied by CDN Resource Laboratories Ltd. The sample preparation procedures for drill core samples consist of crushing the samples to 70% minus 9 mesh (2mm), pulverizing a 500g 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.
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 mine 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 www.sedar.com and www.sagegoldinc.com.
This release was prepared by management of the Company who takes full responsibility for its contents.
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.
Contacts:
Sage Gold Inc.
Nigel Lees
President and C.E.O.
416-204-3170
416-260-2243 (FAX)
Sage Gold Inc.
Mike O'Brien
Manager/Investor Relations
416-204-3170
416-260-2243 (FAX)
www.sagegoldinc.com