Sage Gold Inc (SGGDF)

[NYBob]

Sage Intersects 4.6 Metres of 14.53 g/t Au (Cut) at Clavos
TORONTO, ONTARIO--(Marketwire - Dec. 14, 2011) - Sage Gold Inc. (TSX VENTURE:SGX) announces additional drill results from the 2011 drill program at the Clavos deposit in Timmins, Ontario. The current results relate to Geotechnical drilling conducted on behalf of St Andrew Goldfields (TSX:SAS) and additional results from the down plunge and 960 zone drilling. The company has spent $2.8 million to date at Clavos and is close to completion of the 60% earn-in schedule with SAS.

The Geotechnical drilling (CL-11-22 through CL-11-25) was conducted on behalf of SAS pursuant to the requirements of the SAS closure plan related to the Clavos property. Holes CL-11-23 and CL-11-24 were designed to intersect above existing stopes on the 100 Level and holes CL-11-22 and CL-11-25 were targeted to intersect above existing stopes on the 150 Level. The mineralisation in CL-11-22 and CL-11-25 occurs outside of stope void and is within both the hanging wall and footwall resource outlines from the SAS resource of 2006. The mineralisation in CL-11-24 is above the stope void and within the hanging wall zone. CL-11-23 broke through into the stope. Sage completed sampling and assaying of the mineralized zones in order to test the continuity and grade of gold mineralisation within the existing measured resource blocks. The drill results from holes that were drilled above the stopes intersected the DL alteration zone consisting of strong sericite altered ultramafics with several intermediate to mafic, feldspar and quartz-feldspar intrusive units containing 30-80% quartz-ankerite veining/flooding and 5-8% combined pyrite-arsenopyrite. The best mineralization was intersected in CL-11-24 and CL-11-25 with multiple specks of visible gold (VG) noted. The assay results reflect the extent of high grade gold mineralisation proximal to existing stopes.

Holes CL-11-15 and CL-11-16, were drilled to test the down plunge extension of the DL alteration zone approximately 370 metres below surface and 150 metres down plunge of the eastern end of the underground workings. Holes CL-11-14 and CL-11-31 were drilled into the upper portions of the 960 zone 670 metres and 700 metres east respectively of the Clavos deposit.

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