10,000m?...
posted on
Nov 13, 2009 01:44PM
Focused on becoming a near-term Gold Producer
On October 26th (just 2 weeks ago) SGX announced via Agoracom it had increased drilling to 10,000m on it's GE, PL and SP properties (see below). In the last NR SGX announced it has completed fall drilling totalling 8,100m (see below). Can SGX please clarify the discrepancy between these to numbers. Is there an additional 1,900m planned for 2009 as previously disclosed (i.e. maybe as part of winter GE drill program)?
Thanks in advance.
red911
"Sage President and chief executive officer, Nigel Lees, commented: "We have now completed our fall exploration program on our BGG properties. The program included drilling on the Pillars project, Paint Lake and Golden extension for a total of 8,133 metres. Sage has also completed prospecting, trenching, geophysics, geological mapping and extensive surface sampling on its property portfolio. Additional drill and surface sample results are forthcoming. We are pleased with the initial Pillars drill results as our reinterpretation of the structural environment has yielded favourable grades and widths."
Dear shareholder,
Thank you for your inquiry. The following response was provided by management.
Yes, drilling is still ongoing on Solomon’s Pillars and Paint Lake and the Golden Extension next phase will follow shortly. We have increased our drilling to 10,000 metres now and have currently drilled 7000 meters in the 2009 season.
Regards,
AGORACOM Investor Relations