Sage completed and filed a PEA (Preliminary Economic Assessment) on April 22, 2013. 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 mined reserves do not have demonstrated economic viability.
Note: Grade and tonnage historical estimates for Headway presented herein are historical in nature and were not prepared in accordance with 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
Certain information provided on this website may constitute “forward-looking information” within the meaning of applicable Canadian securities legislation which may include, but is not limited to, information with respect to Sage’s expected production from, and further potential of, Sage’s properties; Sage’s ability to raise additional funds; the future price of minerals, particularly gold and copper; the estimation of mineral reserves and mineral resources; conclusions of economic evaluation; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; capital expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental risks. Often, but not always, forward-looking information can be identified by the use of words such as “plans”,“expects”, “is expected”, “budget”, “scheduled”,“estimates”, “forecasts”, “intends”, “anticipates”,or “believes” or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will”be taken, occur or be achieved. Forward-looking information is based on management’s expectations and reasonable assumptions at the time such statements are made. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Sage and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include: uncertainties of mineral resource estimates; the nature of mineral exploration and mining; variations in ore grade and recovery rates; cost of operations; fluctuations in the sale prices of products; volatility of gold and copper prices; exploration and development risks; liquidity concerns and future financings; risks associated with operations in foreign jurisdictions; potential revocation or change in permit requirements and project approvals; competition; no guarantee of titles to explore and operate; environmental liabilities and regulatory requirements; dependence on key individuals; conflicts of interests; insurance; fluctuation in market value of Sage’s shares; rising production costs; equipment material and skilled technical workers; volatile current global financial conditions; and currency fluctuations; and other risks pertaining to the mining industry, as well as those factors discussed in the section entitled “Risk Factors” in Sage’s most recent Annual Information Form filed on SEDAR (www.sedar.com). Although Sage has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers are cautioned not to place undue reliance on forward-looking information. Sage does not undertake to update any such forward-looking information, except in accordance with applicable securities laws.
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;
the use of any third-party websites linked to this website;
any internet software used in connection with this website or computer viruses or other destructive programs encountered as a result of using this website; or
any other matter connected with this website,
even if Sage is made aware of the possibility of such claims, expenses, damages or losses.
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