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Monday, February 04, 2013 4:46:53 PM
I did some research on the drill hole that was preformed on Pony Spur Claim. The company name is Sage Gold. The hole was drilled back in 2007. They quit drilling because of drilling issues. They hit a huge cavern
This is taken from Sage Gold 2nd QTR 2008 MD&A
http://www.sagegoldinc.com/files/doc_financials/Q2_2008_MD&A.pdf
Pony Spur
The Pony Spur property is located on the Carlin Trend in Nevada, consisting of 48 lode claims covering
960 acres. Sage has drilled the first hole of this planned four hole program. The gold and silver values
returned over the 330 foot wide jasperoid zone range from 30 ppb to 410 ppb and 89 ppb to 3010 ppb
respectively.
The Pony Spur property is contiguous to Grandview Gold Inc.’s Pony Creek/Elliot Dome property which
hosts a 1.426 million ounce inferred resource (Grandview press release of November 8, 2007).
Grandview announced (October 10, 2007) that it had intersected 2.18 grams of gold per tonne (0.64
ounces of gold per short ton) over 36.57 metres (120 ft) on the property.
The Pony Spur exploration project is being supervised by W.A. Hubacheck Consultants Ltd., under the
direction of Peter Hubacheck, P. Geo., A.P.G.O., P. Geol., A.P.E.G.G.A. Mr. Hubacheck is a qualified
person as defined by NI 43-101 and is responsible for the technical content of this property information.
Arizona USA
And then in the Annual MD&A they reported the reason for abandonning the hole.
http://www.sagegoldinc.com/files/doc_financials/Annual_2008_MD&A.pdf
During the year, Sage completed the first hole of a permitted 4 hole program on the Pony Spur property in
Nevada. The Pony Spur property is contiguous to Grandview Gold’s Pony Creek property which has
reported to host an inferred resource of 1.426 million ounces of gold. Grandview (GVX-V) announced
(October 10, 2007) that they had intersected 2.18 grams of gold per tonne over 120 ft on their Pony
Creek Property.
The first hole of the drill program was designed to test a prominent northwest trending jasperoid breccia
zone flanking a major high angle graben structure. Drill hole PS-07-01 was abandoned at a depth of 280
metres (934 feet) after traversing an open space cavity from 275 metres (917 feet) to 278.7 metres (929
feet).
The Gold Hill and Pony Spur exploration projects are being supervised by W.A. Hubacheck Consultants
Ltd., under the direction of Peter Hubacheck, P. Geo., APGO, P. Geol., APEGGA. Mr. Hubacheck is a
Qualified Person as defined by NI 43-101 and is responsible for the technical content of this property
information.
Other
The more i look into this the more excited I get. Huge potential!
Life is a Masterpiece, paint it well!
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