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CLAVOS PROJECT/ TIMMINS (60% Option)
- Prior gold resource reported for the project by St. Andrew Goldfields in October 2006. The resource was calculated by Scott Wilson RPA & Associates and supported by a 43-101 report filed on SEDAR by St. Andrew Goldfields.
- Existing Mining permit until 2019.
- Existing infrastructure in place including underground ramp access to the 300 metre level, underground levels developed every 25 metres, power to site, surface ventilation system, water management facility.
- $72 million has been invested on the Clavos Property including $46 million on underground development.
- Strategically positioned 10 kilometres from Apollo Gold’s 2,000 tonne per day Mill located in Stock Township.
- Located in the prolific Timmins Mining camp and very close geographically (20kms) to Goldcorp’s (TSX-G) Hoyle Pond mine which has produced more than 2.4 Mozs since 1985 and is still in operation.
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BOREALIS MINE/ NEVADA (50% Option)
- Fully permitted for oxide gold production; Borealis had prior successful oxide gold mining.
- Drilling program in 2010 with focus to potentially expand resources
- Production anticipated 9 months after construction initiated.
- Bankable study underway with new NI43-101 resource estimate
- Joint Project team in place
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CONTACT INFO Should you have any questions, or require any further information, please feel free to contact us.
Nigel Lees, President/CEO Bill Love, Vice-President/Business Development Mike O'Brien, Manager/Investor Relations Art Hampson, Chief Financial Officer Michael Skutezky, Secretary/Gen. Counsel
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SAGE GOLD INC. 365 Bay Street, Suite 500, Toronto, Ontario Canada. M5H 2V1, Tel.: 416 204-3170 Fax: 416 260-2243, info@sagegoldinc.com
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| Clavos Mine Site, Timmins |
Drilling Freedom Flats, Borealis May ’10 |
Drilling Middle Ridge, Borealis May ’10 |
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