Sage completed and filed a PEA (Preliminary Economic Assessment) on April 22, 2013 in relation to the Clavos project. The PEA does not indicate the economic viability of the mineral resource and 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 mineral reserves do not have demonstrated economic viability.
Note: Grade and tonnage historical estimates for the Headway historical resource on the Onaman property presented herein are historical in nature and were not prepared in accordance with National Instrument 43-101 ("NI-43-101") and has not been verified by a qualified person. and should not be relied on except to represent an order-of-magnitude estimate of mineral resources notwithstanding that Sage believes the estimates are based on reliable information prepared by reputable individuals using accurate analytical techniques. Goldbrook provided the source of the Headway historical estimate.
Sage currently plans on completing a reserve estimate and a prefeasibility study for the Clavos project. In the event that a production decision is made that is not based on a feasibility study of mineral reserves demonstrating economic and technical viability prepared in accordance with National Instrument 43-101, readers are cautioned that there is increased uncertainty and higher risk of economic and technical failure associated with such production decisions.
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Currency of Website
Sage Gold updates the information on this website on a regular basis; however, such information is not intended to be a comprehensive review of all matters and developments concerning Sage. Sage cannot and does not guarantee the currency, accuracy or completeness of the information on this website, and Sage assumes no responsibility or liability in this regard.
Cautionary Note Regarding Forward Looking Information
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward looking information and the Company cautions readers that forward looking information is based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of the Company included in this news release. This news release includes certain "forward-looking statements”, which often, but not always, can be identified by the use of words such as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements with respect to the Company’s future plans, objectives or goals, to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, metallurgical processing, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as, but are not limited to: failure to identify mineral resources; failure to convert estimated mineral resources to reserves; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets, inflation, changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry; and those risks set out in the Company’s public documents filed on SEDAR. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Disclosure of Mineral Technical Information
Readers are advised that National Instrument 43-101 of the Canadian Securities Administrators requires that each category of mineral reserves and mineral resources be reported separately. All technical information about Sage’s mineral properties on this website is subject to the more detailed information filed by Sage with securities regulators. Readers should refer to Sage’s most recent Annual Information Form and its other continuous disclosure documents filed on SEDAR (www.sedar.com)for this detailed information, all of which is subject to the qualifications, assumptions and notes set forth therein.
This website uses the terms “Measured” “Indicated” and “Inferred” Resources. United States readers and investors are advised that, while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States readers and investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States readers and investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists or that it is economically or legally mineable.
No Incorporation by Reference
No information included on this website shall be deemed to be incorporated by reference into any of Sage’s regulatory filings, unless expressly indicated in such filings. No information shall be incorporated by reference into this website, unless otherwise specified.
Website Provided as a Service Only
This website is not intended as a solicitation of securities in any jurisdiction, and the information contained on this website should in no way be construed or interpreted as such. No securities commission, exchange or other regulatory authority in Canada or any other jurisdiction has in anyway passed upon the information contained on this website, and no representation or warranty is made by Sage to that effect. The information on this website is not intended to modify, qualify, supplement or amend any information disclosed under corporate and securities legislation of any jurisdiction and should not be used for the purpose of making investment decisions concerning Sage or its securities.
Unless otherwise stated, all stock quotes on this website are delayed by at least 20 minutes. All stock quotes and historical price data are provided by third-party service providers and are provided for informational purposes only, and they are not intended for trading purposes. Sage makes no representation or warranty regarding the accuracy or completeness of any such stock quotes or historical price data. Any readers of this website who are contemplating trading in Sage’s securities are strongly advised to seek independent professional advice before making any investment decision.
This website may contain links to websites operated by third parties. Any such links are provided as a convenience only. Sage does not endorse or monitor any of these other websites, and Sage accepts no responsibility for such websites or the contents there of.
Exclusion of Liability
Sage shall not be liable for any claims, expenses, damages (including indirect, special or consequential damages) or loss of profits, opportunities or information arising from:
the use of or reliance on any information contained on this website;
any inaccuracy or omission in any information contained on this website or the failure to keep such information current;
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any other matter connected with this website,
even if Sage is made aware of the possibility of such claims, expenses, damages or losses.
This website and all materials appearing there on are the property of and copyrighted by Sage, and all rights therein are reserved. Any use of materials extracted from this website for any purpose is prohibited without the prior written consent of Sage. Any materials not originally produced by Sage are copyrighted by their respective creators/owners and appear on this website by permission, example or as reference material in the public domain.
Sage respects the privacy of visitors to its website. Sage website does not collect any personal information about visitors other than that which is specifically and knowingly provided by them. Any personal information so provided will not be transferred or shared with any third party, unless otherwise stated at the time of collection. Sage may collect and maintain statistics relating to the number of visitors to this website, the types of browsers used and the Internet Protocol Address of the originator, which information is used only for internal purposes.