Timmins & Beardmore - Northern Ontario

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Message: More eye witness info from Jerseyman

More eye witness info from Jerseyman

posted on Sep 27, 2009 04:50PM
The tour consisted of an afternoon look at Jacobus and King Solomin's Pillars and another site. The following morning we had a good look at Paint Lake and another site that just recently revealed another shear zone. There was a great amount of channel sampling going on, dewatering wet areas to allow for further stripping, and at least 6 geologists working on at least 4 zones. We saw lots of core from previous drilling and everywhere bags of samples ready for testing. To put it mildly, there was a lot of activity !!! We met a couple of the vendors of SGX's claims and they were very happy to show what was happening with their claims. One of the biggest concerns was the dealings with the First Nations and their Chief expressed their great satisfaction in dealing with Sage Gold and its Management. Communication was the main topic and this has attributed to a very good relationship with both Parties. THere will be a lot of results coming out in the near future and undoubtedly, possibly some surprises which at this point are still quite vague. Possibly some new acquisitions to bolster their already very strong position on and near the Golden Mile strike. We also met some of KXL's people and they were able to add their thoughts on what had been done with their workings last couple of years. Knowing that the Beardmore-Geralton area has produced over 4 Million ounces of gold was met with great optimism for everyone attending this tour. A great mix of people joined together and we even had opportunities to find our own " gold pieces " !!!! I was fortunate enough to pan for some glitter and sure enough, there was a nice tail of gold in the pan. To find our own VG at surface on every property inspired everyone and a visitor who attended the previous tour commented, " Sage has progressed further then he had expected and what he sees now is a company with great expectations. Just look at what Ontex is coming up and Premier. The clincher for me was flying over the Empire Mine site which produced 400,000 oz of high grade gold. Of course we know that Ontex is now up to a 700K resource and drilling continues to bring it up to a compliant 1 million oz. resource, which could happen by the first quarter of next year. All in all, a real eye-opener for me and meeting all the people involved with Sage's exploration program. The Fall program is financed and now we just wait for the results and other NR's. People like myself who got involved with the .50 PP almost 2 years ago see the bottom here @ .06 !!!! IMHO, SGX is going to come up with the goods. Sure there is a huge o/s, but with a M/C of close to $20M the stock is very liquid and should begin to chew through the .065 - .075 as news comes out. Hope that helps, but don't forget to get a lot more info from Mike O'brien. Check out the Cambridge C. in Toronto this w/e. THe gold is in them thar hills, and the drills will tell us all what is really there from surface to ??????????? J.T.
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