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Message: Re: Sage and Northern Miner
4
Nov 15, 2008 05:24PM

If this blackmont report is right, then the golden mile continues for two kilometers into Sage Gold's land.

This is a seven cent stock that just barely raised enough money for a winter drill program. What a huge spec this could be.

Mkt Cap c$8mm
52-wk High 11/30 $0.59
52-wk Low 10/28 $0.07

Listen to this from blackmont after a september site visit:

"Golden Extension
Sage’s wholly owned Jacobus property is located west of
and adjacent to Kodiak Exploration Ltd.’s (KXL-TVX)
Hercules project, where drilling has delineated a number of
outcropping veins, including the Golden Mile that is
currently known to extend over 2,000 m along strike and
to depths of at least 450 m. Highlight assays from the
Golden Mile include:
• HR07-65: 2.9 m of 203.04 g/t Au from 78.4 m
depth;
• HR07-51: 3.6 m of 358.56 g/t from 29.2 m depth;
and
• HR07-29: 2 m of 54.09 g/t from 35.4 m depth.
Prospecting and trenching by Sage on Jacobus has
uncovered a target called the Golden Extension, located 5
km northwest of and directly on strike with Kodiak’s
Golden Mile.
Grab samples from the Golden Extension have yielded 30.1
and 47.9 g/t Au from an area near the eastern property
boundary. A grab sample from a second vein located
approximately 2 km west of the Golden Extension returned
14.8 g/t Au.
Based on outcrops and early trenching, Sage has so far
outlined approximately 300 m of strike length along the
Golden Extension. Trenching has exposed a quartz (+
carbonate + pyrite + chalcopyrite) vein with a width
varying between 10 cm to 1 m and containing visible gold.
On September 2, the company reported trenching results,
the highlight of which was 136.5 g/t Au over a channel
width of 0.50 m.
Figure 2: Trenching at the Golden Extension
Source: Company reports
We had the opportunity to visit both the Golden Extension
and Golden Mile (many thanks to Kodiak’s Bill Chornobay,
president, and Brian Maher, VP exploration, for allowing us
to visit and taking the time to talk with us). The veins on
both properties look identical and are hosted by the
Elmhurst intrusion, which continues for a minimum 2 km on
Sage’s ground.
Sage is planning to commence a drill program on the
Golden Extension this winter.

Blackmont report:

http://www.sagegoldinc.com/site/imag...


Three year chart:

http://investdb.theglobeandmail.com/...


Nov 16, 2008 06:19PM
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Nov 16, 2008 07:00PM
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