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Sage Gold Inc.
Summary
| Project: | Clavos | |
|---|---|---|
| Deposit: | Clavos | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-5-2017: Sage Gold Inc. announces an Exploration/Drilling Update report for its Clavos deposit at the Clavos project. Drilling results incl. 1.8m @ 16.76g/t Au from 228m. Sage Gold Inc. (TSX.V– SGX;) ‘Sage’ has completed the surface drilling program at | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Hubacheck (Internal) | |
| ABSTRACT: | Sage Gold Inc. (TSX.V– SGX;) ‘Sage’ has completed the surface drilling program at its Clavos gold property located 32 kms east north east of Timmins, Ontario in the prolific East Timmins Gold Camp. The drill program has yielded three important results; the continuity of gold mineralization across the gap between the main mine zone and the 960 zone, the discovery of a new gold zone (Sediment 2 zone CL 17-07 4.09g/t over 4.2 metres) 100 metres south of the existing sediment zone and the Footwall intersection in CL-17-08 of 5.15g/t over 3.9 metres. The intersection in hole CL-17-08 opens up approximately 300 metres of strike length of potential mineralization west of the western end of the 150m west level in the upper part of the existing mine workings. Nigel Lees, President and CEO commented: “The surface drill program has been successful in establishing a mineralized corridor from section 514425E, the ‘Main Zone’ to the western end of the 960 zone, the ‘Gap’, and in locating new mineralized intersections in holes CL-17-08 and CL-17-09 west of the 150 metre west level (mine elevation). The results of the eastern drilling now open up the possibility of driving further east off the 285 level (mine elevation) through mineralized material out to the 960 zone and potentially further east. It is interesting to note that Kinross (KC99-148) intersected 8.78g/t over 3.5 metres in the Contact zone roughly coincident with the Contact zone mineralization in CL-17-07. The “Sediment 2” intersection in CL-17-07 represents the first significant mineralization in the new sediment zone. The Sediment 2 zone was encountered in CL17-01 and 02 with anomalous gold mineralization.” | |
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