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Sage Gold Inc.
Sage Gold Inc. (TSX.V-SGX) is a Canadian exploration and development company with projects in Timmins and Beardmore in Northern Ontario. The Company is focused on becoming a near-term gold and base metal producer.
In 2010, SGX optioned the Clavos gold property from St Andrew Goldfields (TSX-SAS) in the Timmins Gold Camp. Clavos was briefly in production between 2005 and 2007 and SAS invested $46 million in mine and infrastructure development.
A Preliminary Economic Assessment (PEA) for Clavos was released on March 1, 2013 highlighted by a $23MM Net Present Value and a 71% Internal Rate of Return based on $1500 Gold price. The PEA is preliminary in nature,includes inferred resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and that there is no certainty that the PEA will be realized. Mineral resources that are not mined reserves do not have demonstrated economic viability.
The Company also has a portfolio of exploration properties in the Northwestern Ontario Beardmore-Geraldton Gold Camp. W.A. Hubacheck Consultants Ltd. and Kirkham Geophysics completed a NI43-101 Resource on the Lynx Copper-silver-gold property on March 31,2009. The Inferred Resource defined to date comprises 1,936,000 tonnes at an average grade of 1.44% Cu, 39.6 g Ag/T and 0.58 g Au/T and contains 61.3 million pounds of copper, 2.24 million troy oz of silver and 33,000 troy oz of gold. These resources are reported at a cut-off grade of 0.5% copper.
Sage management has conducted an internal economic analysis in 2013 to determine the potential economics of the Lynx Deposit. Initial metallurgical work is planned followed by a Preliminary Economic Assessment.
The Sage Gold management team and board have extensive experience in finding, developing and financing new projects. SGX continues to identify additional properties for acquisition to further enhance shareholder value and create cash flows.
Contact Us
365 Bay Street
Suite 500
Toronto, Ontario
Canada M5H 2V1
Tel.: 416 204-3170
info@sagegoldinc.com
Bill Love
Tel.: (416) 204-3170 Ext. 224
wlove@sagegoldinc.com
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