Thanks for response SGX.

As Rod summarized now we know:

- Sampling continuing (i.e. more than just 100 mentioned in video).

- Grab and channel sampling (i.e. SGX can be a little more selective w/ grab sampling so expect some higher grades from these... remember KXL 174 oz/t grab sample?)

- Visible gold in newly stripped and trenched veins (great news for upcoming sampling results... can't say it enough... people need to remember that although they were great results IMO the only channel samples we have seen thus far were from 12m portion of vein SGX managed to HAND TRENCH before heavy equipment was on site... now they have 700m? 800m? or more to choose from when sampling... IMO expect some even higher grades in next reported results)

- New veins discovered... in addition to 3 mentioned in video.

On East Jacobus SGX is uncovering what KXL has already uncovered on their property. KXL is just a little ahead of SGX... but that could be to our advantage as SGX is no doubt benefiting from knowledge about structure of this discovery KXL is gaining each and every day... also may benefit SGX share price once market realizes SGX has what KXL has. On this point...depressed market or not... SGX market value is ~$18 million (even after latest PP)... KXL market value is ~$90 million (i.e. 5x SGX)... if next SGX NR proves multiple gold-bearing veins on surface with comparable structure, sampling results, etc. to KXL... i.e. early stage 'KXL-like' discovery, part of same system, etc... we should expect SGX share price to move up. IMO Because KXL is further along in their discovery, because KXL has more favorable share structure and money in the bank, KXL should and will trade at a premium to SGX... but not market value ratio of 5:1. Fair KXL:SGX market value ratio maybe more like 3:1?... Even at current depressed KXL price of ~$1 that would put SGX at ~$0.17... if KXL moved up to $2 that would put SGX at ~$0.34... and that is trading at discount of 3:1 market value ratio to KXL... Maybe with Onaman NI 43-101 open pit resource and possible new Kerrs discovery SGX shouln't trade at that much of a discount to KXL... at 2:1... that puts SGX at $0.26.

JMHO.

red911

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Answer

Yes, to all inquiries.

Posted by: red911 on October 16, 2008 02:35PM

In the Oct. 3, 2008 'Golden Extension' video, it was indicated there were 100 channel samples cut with 75 samples in the lab.

Is SGX continuing to sample Golden Extension vein and other new veins as they are discovered, stripped and trenched? Is SGX conducting grab sampling in addition to channel sampling? Is SGX continuing to encounter visible gold in newly stripped and trenched veins as described in the video? Other than those mentioned in the video has SGX discovered any new veins?

Thanks in advance.

red911