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Sage Gold Inc.
Summary
| Project: | Clavos | |
|---|---|---|
| Deposit: | Clavos | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/7/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-12-2017: Sage Gold Inc. announces an Exploration/Drilling Update report for its Clavos deposit at the Clavos project. Drilling results incl. 2.8m @ 16.6g/t Au from 177m. Toronto, Ontario, December 7, 2017 - Sage Gold Inc. (“Sage Gold” or the “Company”) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Hubacheck (Internal) | |
| ABSTRACT: | Toronto, Ontario, December 7, 2017 - Sage Gold Inc. (“Sage Gold” or the “Company”) (TSX-V: SGX) has been conducting an underground exploration program utilizing two drills, strategically positioned from two drilling bays, to test an exploration target identified by historical Kinross era drill holes KC-99-131, KC-99-137 and KC-00-176, spanning a distance of 200 meters between 513600E and 513800E. See previous news releases; April 20, 2017 and May 3, 2017. The first six drill holes have been completed testing in the vicinity of KC-99-137 with weighted average grade composites listed below. Hole 3531-196 has been completed and assays are pending. All holes have successfully tested favourable Clavos Hangingwall (“HW”) and Footwall (“FW”) mineralized structures from 513565E to 513615E at depths ranging from the 975 meter level (“mL”) to the 855 mL. The results from this drilling will potentially extend existing mineral resource blocks. The Company is currently evaluating these results, which will be used in planning further underground and surface exploration drilling. These holes have been completed with a B-15 electric/hydraulic drill from a south drift cross-cut bracketing the 120 meter gap between Kinross hole KC-99-137 and KC-00-176 piercing the 350 mL elevation. There is no existing mine infrastructure in this region. Drill holes CL-3531-191 and 192 have been completed in the vicinity of KC-99-137. Drill hole 192 intersected a wide felsic porphyry with pyrite and visible gold mineralization occurring at the basal contact of the 7.3 m thick unit. The mineralized porphyry zone has an average grade of 16.6 g/t Au over a thickness of 2.8 m in a FW Zone setting. Drill hole CL-3531-192 is located 12 m up dip of KC-99-137. | |
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