Sage Gold drills 2.8 m of 16.6 g/t Au at Clavos
SAGE GOLD Inc. has been conducting an underground exploration program utilizing two drills, strategically positioned from two drilling bays, to test an exploration target identified by historical Kinross era drill holes, spanning a distance of 200 metres between 513600E and 513800E.
The first six drill holes have been completed testing in the vicinity of KC-99-137. Hole 3531-196 has been completed and assays are pending. All holes have successfully tested favourable Clavos hangingwall (HW) and footwall (FW) mineralized structures from 513565E to 513615E at depths ranging from the 975-metre level (mL) to the 855 mL. The results from this drilling will potentially extend existing mineral
resource blocks. The company is currently evaluating these results, which will be used in planning further underground and surface exploration drilling.
(See SGX Table 1 on page 17)
Drill holes CL-3531-191 and 192 have been completed in the vicinity of KC-99-137. Drill hole 192 intersected a wide felsic porphyry with pyrite and visible gold mineralization occurring at the basal contact of the 7.3 m thick unit. The mineralized porphyry zone has an average grade of 16.6 grams per tonne Au over a thickness of 2.8 m in an FW zone setting.
Drill hole 191 intersected a similar felsic porphyry with gold bearing quartz-ankerite-pyrite veining in a sericitized ultramafic unit at the basal contact of the unit. The FW style mineralization grades 5.45 g/t Au over a thickness of 1.6 m.
Drill hole 3531-193 intersected quartz-ankerite pyrite veining grading from 3.5 g/t Au over 2.4 m in an FW zone setting.
Drill hole 3531-194 stepped out 45 m in the southwest direction intersecting 1.46 g/t Au over 1.4 m hosted at the contact of a 7.5 m thick felsic porphyry unit.
Drill hole 3531-195 intersected quartz-ankerite-pyrite veining 25 m in the southeast direction intersecting 3.0 g/t Au over 3.5 m in an FW setting.
A five-hole underground drilling program is under way using an air/electric drill which is located at 513740E. This drilling program is near existing mine workings.
We seek Safe Harbor.
Erika Flores condensed this news release (firstname.lastname@example.org).
Peter D Bojtos, Peter A Freeman, Charles Nigel Lees, Patrick James Mars, Thomas Puppendahl, Gary Ralph Robertson
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