So Paint Lake drilling has started... interesting. Previous Paint Lake NR posted below FYI. Some very impressive sampling results... results remind me of Golden Extension to be honest. Multi-vein high-grade gold over narrow intercepts. Was originally planned to drill this property in "late fall 2009"... This is obviously not "late fall 2009" so I wonder what caused them to move Paint Lake up on the schedule?... I would bet it has something to do with recent share price appreciation of Ontex and pending assays... but maybe even more to do with ongoing SGX surface exploration at Paint Lake... what have they found?

red911

Sage Gold samples 22.77 g/t Au at Paint Lake

2009-06-17 08:12 ET - News Release

Mr. Nigel Lees reports

SAGE GOLD INC.: 22.77 G AU/T CHANNEL RESULT NEW GOLD VEINS-PAINT LAKE

Sage Gold Inc. has discovered nine new gold veins on the Paint Lake property in the Beardmore Geraldton gold camp. Vein 1 results were reported in Stockwatch on Aug. 25, 2008. Selected highlights of the current sampling are detailed below:

• Vein 10:
  • Channel samples:
    • 22.77 grams per tonne gold (g/t Au) over 0.40 metre;
    • 22.16 g/t Au over 0.40 metre;
    • 14.45 g/t Au over 0.45 metre;
    • 16.69 g/t Au over 0.55 metre.
• Vein 7:
  • Channel samples:
    • 12.54 g/t Au over 0.20 metre.
  • Grab samples:
    • 26.06 g/t Au;
    • 20.37 g/t Au;
    • 34.66 g/t Au.

Channel results are not true widths due to surface undulations.

• Veins 1, 7, 8 and 10 -- 1.3 kilometres strike length;
• Vein 4 -- exposed over 100 metres of strike length -- veins up to two metres in width;
• Drilling planned for late fall 2009;
• Paint Lake property is contiguous to Ontex's Brookbank gold deposit.

Vein 4 is exposed over a strike length of approximately 100 metres. It consists of an up-to-two-metre-wide quartz-sulphide vein localized within an east-northeast-trending shear interpreted as a component of the Paint Lake shear zone. At its eastern end the vein abruptly changes strike, exploiting a northwest-trending structure that is related to the late-stage development of the Paint Lake shear zone.

Vein 7 is exposed over a strike length of approximately 40 metres. It is hosted within a discrete northwest-trending dextral structure similar to the one controlling vein 4. It consists of a narrow quartz vein containing pyrite, chalcopyrite and galena.

Detailed mapping is currently being completed at both showings to better understand the controlling structures and the distribution of the gold mineralization.

The new zones represent a significant expansion of the surface gold showings discovered last year and reported in Stockwatch on Aug. 25, 2008, and March 12, 2009. Veins 7, 8, 1 and 10 occur at or within the Paint Lake shear zone over a combined strike length of 1.3 kilometres. Veins 4, 5 and 9 occur southeast of the vein 7-vein 10 zone and represent secondary vein structures within mafic volcanics.

Please refer to the company's website for a map and current channel and grab samples of veins 1-10 on the Paint Lake property.

The Paint Lake property is located contiguous to the western end of Ontex's Brookbank gold deposit which has 43-101-compliant inferred and indicated mineral resources. Ontex announced (see 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 gold zones occur in a structural/stratigraphic corridor that encompasses veins 7, 8, 1, 10 and 2 as one potential mineralized horizon and veins 5, 9, 3 and 4 as another series of parallel and subparallel veins. Sage will continue to expose, map and sample the current vein structures and will prospect for additional veins throughout the summer season.

Technical information

Sage's channel samples are between three and four centimetres wide and are cut with a motorized diamond saw to a depth of approximately five cm. The channels are cut as close to perpendicular to the strike of the vein as permitted by the rock surface. Samples are taken from the footwall, the vein and the hangingwall. Sample intervals are chosen to provide a representative sample of the surface mineralization of the vein and the wall rock. 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 technical content of this news release relating to the Paint Lake project has been reviewed by Sage's consulting geologist Robert B. L'Heureux, MSc, PGeol, of APEX Geoscience Ltd., who is a qualified person as defined by NI 43-101.

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