Timmins & Beardmore - Northern Ontario
Focused on becoming a near-term Gold Producer
Message: e research
Bulletin March 13, 2009 SAGE GOLD INC. (SGX: TSX-V) Current Price: $0.06 52-Week Range : $0.285 - $0.04 Recommendation : Speculative Buy (No Change) Target Price : Withdrawn RECENT DEVELOPMENT PROSPECTING RESULTS AT BEARDMORE-GERALDTON GOLD CAMP Sage Gold Inc. reported on the Company’s recently completed prospecting program on its optioned Paint Lake property in the Beardmore-Geraldton gold camp in Ontario, Canada. Two new zones of gold mineralization were discovered. One zone is 744 metres southwest of a stripped and sampled zone, and the other zone is 640 metres southeast of the main stripped area. One grab sample from the southwest showing yielded 3.7 g/T gold; grab samples from the southeast assayed from 1.1-2.4 g/T gold, with an average of 1.7 g/T. The Company plans to strip and channel sample the new zones in 2009. Further details on the Paint Lake property are contained in Sage’s March 12, 2009 news releas e, in which the Company also reported on the completion of prospecting on the optioned Solomon’s Pillars property and the Headway- Onaman property. Solomon’s Pillars and Onaman are among Sage’s main properties in the Beardmore-Geraldton gold camp. The Comp . COMMENT: These latest results from Sage provide further data to populate an NI 43-101 compliant
reso ____________________________________... e Research Corporation
40 University Avenue, Suite 440 Toronto, ON M5J 1T1 -2- THE COMPANY Sage Gold is a junior mineral-exploration company focused on precious and base metals in North America - in Ontario, Nevada and Arizona. RECOMMENDATION We continue to rate Sage Gold stock as a Speculative Buy, but no longer have a Target Price (as is the case - in these turbulent markets - for the other junior mining companies that we follow). The shares are suitable only for risk-tolerant investors. RATINGS HISTORY Date Report Type Recommendation Stock Price Target Price May 28, 2008 Initiating Speculative Buy $0.25 $0.60 August 5, 2008 Bulletin Speculative Buy $0.20 No Change August 20, 2008 Bulletin Speculative Buy $0.14 No Change March 13, 2009 Bulletin Speculative Buy $0.06 Withdrawn High-Low Since Initiating : $0.285-$0.04 Analysts Kirsten Marion, B.A., B.Comm, CMA Bob Weir, B.Sc., B. Comm, CFA eResearch is registered with the Ontario Securities Commission as a Securities Adviser and as a Limited Market Dealer. e In keeping with the policies of eResearch concerning its strict independence, all of urce model. We will comment further on Sage’s operations in our upcoming eResearch Update Report.
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