Timmins & Beardmore - Northern Ontario

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Message: Jacobus South...

Jacobus South...

posted on Jun 12, 2009 09:26AM

I realize current focus is and should be Golden Extension but as updated NI 43-101's seem to be a priority for SGX right now (i.e. Onaman and Golden Extension)...updated Jacobus Ni-Cu would seem appropriate...

Does SGX plan to update NI 43-101 for Jacobus South Ni-Cu to reflect significant amount of drilling not currently included in existing dated NI 43-101 resource numbers?

Also, did the geochemical study described in July 31, 2008 NR (below) determine whether the currently outlined disseminated mineralization represents a magmatic conduit from a large body of massive sulphides at depth?

Thanks in advance.

red911



July 31, 2008:

"Jacobus (South) copper-nickel property, Elmhirst township

The southern part of this property, 100 per cent owned, hosts a copper-nickel deposit with historical indicated reserves of 937,538 tons grading 0.43 per cent copper and 0.41 per cent nickel. Sage is evaluating results of the latest drill program. A continuing geochemical study is designed to evaluate the possibility that the currently outlined disseminated mineralization represents a magmatic conduit from a large body of massive sulphides at depth."

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