King Solomon's Pillars...
posted on
Jun 17, 2009 09:29AM
Focused on becoming a near-term Gold Producer
Although we may have forgotten about it (at least I did), SGX did tell us about Paint Lake sampling just released in March 12th NR (below)... "Sage intends to strip and channel sample the new zones in 2009".
Interesting that they also said the same about King Solomon's Pillars property... I wonder if we can we expect channel samples from King Solomon's Pillars soon as well?
red911
March 12, 2009 NR:
"Paint Lake property
The Paint Lake property is located contiguous to the western end of Ontex's Brookbank gold deposit which has National Instrument 43-101-compliant inferred and indicated mineral resources. Ontex announced (see Ontex news in Stockwatch on Dec. 18, 2008) a drill intersection of 85.9 g/t Au over 3.4 metres from drilling completed on the Brookbank deposit. Sage's new occurrence southwest of the original stripped area is 400 metres east of the property boundary and lies stratigraphically at the contact of the southern metavolcanics and the northern conglomerates within the Paint Lake shear zone. This structural and stratigraphic location is the host environment for both the Brookbank gold deposit and Sage's original discovery on the Paint Lake property.
Sage intends to strip and channel sample the new zones in 2009.
King Solomon's Pillars property
Sage has completed prospecting on the optioned Solomon's Pillars property. The company has located two zones (north and south) of anomalous gold mineralization associated with quartz ankerite veining within oxide iron formation and associated metasediments. Grab samples from the King Solomon's Pillars northern showing assaying greater than 1.0 g/t Au range from 1.0 to 11.9 g/t Au and average 4.9 g/t Au. Grab samples from the King Solomon's Pillars southern showing assaying greater than one g/t Au range from 1.4 to 16.3 g/t Au and average 6.0 g/t Au.
Sage intends to trench and collect channel samples from the anomalous gold zones in 2009."