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Sage Gold Inc.
Summary
| Project: | Onaman | |
|---|---|---|
| Deposit: | Onaman | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 4/4/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-4-2017: Sage Gold Inc. announces an Exploration/Drilling Update report for its Onaman deposit at the Onaman project. Drilling results incl. 23.05m @ 0.26g/t Au, 29.20g/t Ag, 0.53% Pb, 1.61% Zn from 80.86m. Sage Gold Inc. (the “Company”) (TSX.V: SGX) is | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Avrom E. Howard (Internal) | |
| ABSTRACT: | Sage Gold Inc. (the “Company”) (TSX.V: SGX) is pleased to announce the completion of its recently announced preliminary drilling program at the historical Headway deposit located within the Company’s Onaman property in northwestern Ontario (please see the Company’s news release of February 8, 2017). Six holes were drilled for a total of 887 meters over a strike length of 640 meters; holes varied from 84 to 201 meters in depth at from 45 to 55 degrees. A total of 226 samples were taken, including blanks, standards and duplicated that were inserted into the sample stream in accordance with industry QAQC standards. Nigel Lees (President and CEO) stated; “Whereas silver, copper, lead and zinc results are generally as anticipated, gold results came as something of a surprise, ranging from negligible to fractions of a gram for the most part as expected in the peripheries of VMS systems and as reflected in the historical results”. As conveyed in the Company’s previous news release: “Sage geologists believe that this zone may be near a zone of focused hydrothermal discharge and associated metal concentration, and that the lithological, alteration, mineralogical and geochemical data derived from detailed analyses of fresh drill core may provide critical clues enabling them to vector in on previously undetected VMS targets in the immediate area.” The program has proven very successful in this regard, particularly given the previously unknown presence of gold in the system. | |
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