Some nice channel and grab samples released today by SGX. Great news for both companies IMO.

red911

Sage Gold samples 0.40 m of 93.72 g/t Au at BGGC

2009-02-26 10:02 EST - News Release

Mr. Nigel Lees reports

SAGE GOLD INC.: 93.72 G AU/T-CHANNEL SAMPLE AT GOLDEN EXTENSION DISCOVERY BEARDMORE-GERALDTON GOLD CAMP

Sage Gold Inc. has received further channel sampling results from vein 4 of the Golden Extension discovery in the Beardmore-Geraldton gold camp (BGGC), including 93.72 grams per tonne (g/t) gold (Au) over a channel width of 0.4 metre. The Golden Extension discovery is located immediately northwest and on strike with Kodiak Exploration Ltd.'s Golden Mile discovery.

Golden Extension -- Jacobus East

Highlights -- vein 4:

• Visible gold present in northwest-trending quartz veins and in the silicified pyritic wall rocks;
• New channel results include 93.72 g/t Au over a channel width of 0.4 metre;
• Contact zone, intrusion and volcanic, extensive quartz stockwork with mineralized wallrock;
• Vein exposed over a strike length of 80 metres.

          CHANNEL AND GRAB SAMPLE RESULTS -- VEIN 4 HIGHLIGHTS

Channel No.    Width (m)        Grade (g/t Au)                  Description

167                0.40                 20.10                   quartz vein
168                0.30                 45.42                   quartz vein
169                0.10                  2.84                   quartz vein
169                1.00                  1.22      quartz vein and chlorite
170                0.50                  1.40                   quartz vein
171                0.50                 39.88                   quartz vein
175                0.60                  6.12                   quartz vein
176                0.50                 50.64                      volcanic
176                0.80                  8.67       quartz vein and diorite
177                0.40                 43.07                   quartz vein
180                0.40                  1.04                   quartz vein
230                0.40                  1.09                   quartz vein
231                0.40                 23.71                   quartz vein
232                0.50                  1.64      quartz vein and chlorite
233                0.30                  4.97                   quartz vein
230 -- grab                             58.91                   quartz vein
230 -- grab                              7.63                   quartz vein
230 -- grab                              7.72                   quartz vein
234                0.40                  1.27                   quartz vein
234                0.40                  1.54                   quartz vein
242 -- grab                             53.14                   quartz vein
242 -- grab                              9.61                   quartz vein
235                1.00                  1.78      quartz vein and chlorite
231 -- grab                             46.28                   quartz vein
231 -- grab                             27.48                   quartz vein
236                0.70                  7.85                   quartz vein
237                0.30                  3.07                   quartz vein
238                0.60                  5.52                   quartz vein
239                0.30                  3.15                   quartz vein
239                0.20                  7.68                   quartz vein
240                1.20                 31.63                   quartz vein
Includes (i)       0.40                 93.72                   quartz vein
241                0.30                  2.06                   quartz vein
241 -- grab                            146.58                   quartz vein
241 -- grab                            137.51                   quartz vein
242                0.80                  5.15                   quartz vein

(i) Not a true width due to surface undulations

Note that channels 167 to 180 were disclosed in the company's news release 
in Stockwatch on Jan. 26, 2009.

Refer to the company's website for a channel map of vein 4.

These results occur within the northwestern extension of vein 4 within an area that was previously covered by water. The winter conditions allow the operator to remove the ice from the vein system, which can then be sampled. Visible gold is present both within discrete quartz veins and within silicified mafic volcanic wallrocks. It is apparent that the stripped area now encompasses the contact zone between the Elmhirst intrusion and the surrounding volcanics. Quartz veins are present as multiple northwest-trending veins and as interstitial ladder veins within altered pyritic silicified volcanics. The volcanic material yielded good gold values, such as channel 176, which assayed 50.64 g/t Au (see the company's news release in Stockwatch on Jan. 26, 2009).

Sage continues to strip and sample multiple gold-bearing vein structures, which are both parallel and crosscutting the original discovery of vein 1. Stripping and trenching continue in a northwest direction on vein 4.

The company expects to complete magnetometer and VLF (very low-frequency) survey over the eastern side of the Jacobus property before the spring. The trenching and geophysical programs will provide surface sampling and structural data to allow for the generation of drill targets for drilling during the summer season.

Sage has also received results from an airborne VTEM (versatile time-domain electromagnetic) and magnetometer survey conducted during June and July of 2008. The survey encompasses all of the Sage property in the Beardmore-Geraldton gold camp, except the original Onaman and Jacobus property blocks, which were flown by Fugro Airborne Surveys in October, 2007. Initial inspection of the data set reveals an abundance of magnetic and electromagnetic (EM) anomalies. Sage intends to groundtruth the anomalies during the summer season.

Technical information

Sage's channel samples are four centimetres wide, and are cut with a motorized circular saw to a depth of 22 centimetres and removed with a hammer. The channels are cut perpendicular to the strike of the vein. Samples are taken from the footwall, the vein and the hangingwall. Sample intervals are defined to provide a representative sample of the surface mineralization of the vein and the wallrock. Assays reported in this news release were completed by Accurassay Labs in Thunder Bay. Accurassay's gold analysis is performed using a 30-gram fire assay charge. The fire assay procedure uses lead collection with a silver inquart. The beads are then digested and an atomic absorption or ICP finish is used. All gold assays that are greater than 10 g/t are reassayed by fire assay with a gravimetric finish.

The geotechnical content of this news release relating to the BGGC project has been reviewed by Peter Hubacheck, PGeo, APGO, who is a qualified person as defined by NI 43-101.

We seek Safe Harbor.