Sage Gold hits good grades in Beardmore

Sage Gold (SGX-V) is making its bid to become a key player in northwestern Ontario through both the drill and acquisition.

The company recently announced it had significantly added to its land package within the Beardmore-Geraldton Gold camp (BGG) and now has released results from its Solomon Pillars claim.

The highlight intercept from the program came in at 5.75 grams over 5.19 metres including 17.27 grams gold over 0.99 metres.

Sage has drilled 26 drill holes for 3,800 metres at its Solomon Pillars project and announced the acquisition the King Solomon Pillars claim – which adds an eastern extension to the claim — at the end of October.

The fall exploration project also put holes into Paint Lake and Golden Extension at BGG for a total of 8,133 metres drilled.

Sage says the fall program included prospecting, trenching, geophysics, geological mapping and extensive surface sampling as well.

Inco completed a historic resource calculation on the King  Solomon Pillars back in 1986 which estimated 275,892 tons grading 4.3 grams gold for 34,762 ounces of gold.

Sage says its own drilling in the area has managed to trace  mineralized shoots down plunge and says that drilling suggests the potential for more shoots that were not recognized in the historic work on the property.

It says more drilling will be needed to test the model.

In Toronto on November 12 Sage shares finished the day flat at 6¢ on 861,000 shares traded.