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As of 4:30 PM 06/11/14 All times are local (Market data is delayed by at least 15 minutes).

sage gold inc (SGGDF) Key Developments

Sage Gold Inc. Announces Plans for a Comprehensive Exploration and Development Program at Onaman Polymetallic Property

Sage Gold Inc. announced that plans for a comprehensive exploration and development program at the company's 100% owned ONAMAN polymetallic property are underway. Located just over 3 hours northeast of Thunder Bay, Ontario and accessible on maintained roads year-round, the Onaman hosts several base and precious metal occurrences and significant mineralized zones in what appears to be a classic Mattabi-type submarine volcanic-hosted massive sulfide setting. Foremost among them is the Lynx copper-silver-gold deposit, with an Inferred Resource of 1,936,000 metric tonnes averaging 1.44% copper, 39.6 grams per tonne silver and 0.58 g/t gold. The Lynx deposit has not been fully delineated by drilling and remains open in both directions and at depth. Situated roughly 200 meters stratigraphically above Lynx is the Headway deposit, hosting a Historical Resource of 739,400 tonnes averaging 3.15% zinc and 31 g/t silver. Lead and gold mineralization was also historically documented here. Whereas Headway is hosted mostly in submarine felsic volcanics (tuffs), Lynx is hosted in the underlying mafic flows; the area in between has never been drilled despite mineralization having been documented in isolated outcrops in this low-lying intervening area. Sage plans a two-pronged approach to advance the Onaman property. In preparation, the company has commissioned Orix Geoscience Inc. to organize its extensive database into an interactive and accessible 'GIS' format. Concurrently, Sage has commissioned Broad Oak Associates to prepare a Preliminary Economic Assessment of the Lynx deposit and recommend a bulk sampling program, as well as highlight where additional drilling should be undertaken to improve both the quality and quantity of the mineral resource. A drill program at Lynx to accomplish these objectives will follow.

Sage Gold, Inc. Auditor Raises 'Going Concern' Doubt

Sage Gold, Inc. filed its Annual on Jan 28, 2015 for the period ending Sep 30, 2014. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Sage Eyes Acquisitions

Sage Gold, Inc. (TSXV:SGX) is looking for acquisition opportunities. Nigel Lees, President & Chief Executive Officer of Sage, commented, "On closing, Sage will retain a positive working capital position and an ability to pursue its strategy of acquiring and developing interests in properties that can be advanced toward production within a short time frame. This was successfully employed at Clavos and we believe it confers upon the company substantial upside with modest risk. The 100% owned Lynx polymetallic deposit, located within the Onaman property, fits this strategy and we have already identified additional key properties and assets that could greatly enhance the company's portfolio."

Sage Gold Mulls Acquisitions

Sage Gold, Inc. (TSXV:SGX) is seeking acquisitions. Sage is engaged in active discussions to acquire additional strategic assets in Beardmore Geraldton and in the Wawa, Ontario area.

Sage Gold, Inc. Presents at Renewables and Mining Summit, Oct-15-2014 through Oct-16-2014

Sage Gold, Inc. Presents at Renewables and Mining Summit, Oct-15-2014 through Oct-16-2014. Venue: Toronto, Ontario, Canada. Presentation Date & Speakers: Oct-16-2014, William Donald Love, Chief Geologist and Vice President of Business Development.

 

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