Sage Gold Inc (SGGDF)

[NYBob]

Sage Gold (GM) (SGGDF) fiat$0.116 UP $0.0137 +13.39%
Volume: 14,000 @ 11:46:35 AM ET
Bid Ask Day's Range
- - 0.116 - 0.116
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In 2010, SGX made a quantum leap forward by optioning -
the Clavos Gold Mine
from St Andrew Goldfields (TSX-SAS) in the Timmins Gold Camp.

Clavos was briefly in production between 2005 and 2007 and
SAS invested $72 million in mine and infrastructure development.

Drill results to-date have confirmed the existing resource and
Sage Gold is encouraged by ongoing development work.

43-101 could get this moving.
eom7 thanks good info

Sage Gold Update on Clavos Deposit

02.08.2012
TORONTO, ONTARIO--(Marketwire - Feb. 8, 2012) -

Sage Gold Inc. -
(TSX VENTURE:SGX) ("the Company") provides the following
update on the Clavos Deposit located in Timmins, Ontario.

Highlights:

-- Completion of $3.0 million expenditure pursuant to 60% earn-in
-- RPA revised 43-101 Resource estimate expected in Q1 of 2012
-- Scoping Study to follow after Resource estimate
-- Assays pending for new drilling in the 960 zone

Sage has completed the $3.0 million of expenditures pursuant
to their 60% earn in obligation, with St Andrew Goldfields
(TSX:SAS).

The expenditure data has been sent to SAS for verification.

http://www.sagegoldinc.com/News/news-releases/news-releases-details/2012/Sage-Gold-Update-on-Clavos-Deposit1128188/default.aspx

http://www.sagegoldinc.com

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