Timmins & Beardmore - Northern Ontario

Focused on becoming a near-term Gold Producer

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Message: Current price

Current price

posted on Nov 24, 2009 12:11AM

A good part of the potential value of Sage is wrapped up in the Golden Extension. The expression under under the Sage banner at the top of this page reads "

The Golden Extension reported channel results of up to 136.5 g/t gold and is believed to be the northwest extension of Kodiak’s Golden Mile "
The September 3 drill results released for the 17 holes on the GE revealed that the quartz veins extend onto Sage's property, but not enough of the good gold grades. To be fair the GE is under-sampled with the drill bit but the market is unfair and not patient. The situation is grim when instead of talking about the potential outcome of the pending drill results this board is discussing the funeral arrangements ( aka strategic alternatives). More holes were planned for the GE so it's possible that the picture may improve. We really need to see the results of the driilling before we'll know where we stand. In order to attract a potential merger with Kodiak or investment from Kinross , we'll need some good results to add to the existing potential.
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