Mr. Nigel Lees reports
CLAVOS APRIL MILL RUN UPDATE
Sage Gold Inc. has completed its latest bulk sample mill run. The custom mill processed 6,252 dry tonnes of mineralized material yielding approximately 513 ounces of gold.
The mineralized material in the April mill run was sourced from the 150 West, 150 East, 175 East and 200-metre levels.More specifically, the milled material comprised Clavos broken stope material from 150 West, previously mined material from 150 East, development material from the 175 Footwall East drive, and remnant material sourced from the 175E-480 and 200-493 long hole stopes, previously developed by St. Andrew Goldfields, the previous operator.
Nigel Lees, president and chief executive officer, commented: "We are pleased to see an improving trend in grade and tonnage as we are starting to mine higher-grade material above and including the 200-metre level."
The operational plans disclosed in this news release have been reviewed and approved by Sage Gold's consulting mining engineer, Robert Ritchie, PEng, who is a qualified person as defined in National Instrument 43-101.
The company plans to complete a mineral resource and mineral reserve estimate and a prefeasibility study regarding the Clavos project.In the event that a production decision is made that is not based on a prefeasibility 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.
About Sage Gold Inc.
The company is a mineral exploration and development company which has primary interests in near-term production and exploration properties in Ontario.Its main properties are the Clavos gold property, 100 per cent owned, in Timmins, and the 100-per-cent-owned Onaman property and other exploration properties in the Beardmore-Geraldton gold camp.Technical reports and information relating to the properties can be obtained from SEDAR and from the company's website.
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