June 06, 2011 09:00 ET
Sage Board Appoints Hua Bai Director



TORONTO, ONTARIO--(Marketwire - June 6, 2011) -Sage Gold Inc. (TSX VENTURE:SGX) ('Sage' or the Company') is pleased to announce Mr. Hua Bai has been elected to the Board of Directors. Mr. Bai is a Beijing, China businessman. He has investment and commercial experiences covering various fields in China and Vancouver. With more than 20 years of business activities, he has established an extensive business network in China. Mr. Bai is currently the President of Earnlead Investments Inc., Sino Water Holdings Inc., and has held such positions since May, 2011. Mr. Bai is a director of Century Iron Mines Corporation (TSX VENTURE:FER).

Nigel Lees, Director, President & CEO of Sage commented: "We are delighted to welcome Mr. Bai as a director to our Company. His extensive network of resource investors in China will provide Sage with a significant opportunity to expand its shareholder base to fund its development projects, in particular the development of the Clavos Mine".

SAGE 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 mine in Timmins and the Lynx deposit and other exploration properties in the Beardmore -Geraldton Gold Camp. Technical reports and information relating to the properties can be obtained from the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com and www.sagegoldinc.com.

This release was prepared by management of the Company who takes full responsibility for its contents.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Sage Discovers Deeper Parallel Zone to Its Lynx Copper, Silver, Gold Deposit; Airborne ZTEM Results

TORONTO, ONTARIO--(Marketwire - March 22, 2011) - Sage Gold (TSX VENTURE:SGX) has discovered a new parallel zone of deeper apparent conductivity through a recently completed and analyzed airborne combined magnetic and ZTEM (Z axis Tipper electromagnetic system) survey 500 metres east of its 100% owned Lynx deposit located in the Beardmore-Geraldton Gold Camp in north-eastern Ontario. As a result, the Lynx East zone may extend deeper than originally envisioned.
The Lynx Cu-Ag-Au deposit comprises an inferred compliant resource of 1,936,000 tonnes at an average grade of 1.45% Cu, 39.1 g Ag/T and 0.58 g Au/T and contains 61.3 million pounds of copper, 2.24 million troy oz.'s of silver and 33,000 troy oz.'s of gold. These resources are reported at a cut-off grade of 0.5% copper. Lersch-Grossman Pit Optimization techniques were utilized to evaluate the near surface potential of the resource that could be amenable to mining by open pit methods. The results indicate the potential for one pit located in the Lynx North area. Using cut-off grade sensitivity scenarios of 1% Cu and 0.5% Cu, conceptual geologic resources ranging from 485,000 tonnes at 2.1% Cu, 45.3 g Ag/T and 0.70 g Au/T to 845,000 tonnes at 1.55% Cu, 34.6 g Ag/T and 0.51 g Au/T. The Lynx compliant resource and the open conceptual geological resources related to the pit optimization were reported in a PR dated March 31, 2009.
Sage President and CEO, Nigel Lees comments: "The results of the airborne survey enhances the tonnage potential of the Lynx deposit which is open at depth and along strike. The high grades of copper, silver and gold at current metal prices in the Lynx deposit makes this asset an attractive joint venture opportunity. Sage is focused on the near term production potential of the Clavos mine in Timmins and is in discussions with several parties regarding its extensive Beardmore properties."
The 1011 line kilometre airborne ZTEM-magnetic survey has identified a zone of conductivity, associated with a magnetic anomaly, 500 metres east of the Lynx deposit. Inversions of the ZTEM data indicate that the top of the conductive source may be within 100 m of ground surface, and the conductive source lies at about 500 m below ground surface. In 2008, Sage drilled a ground EM conductor approximately 400 metres east of the main Lynx deposit. Copper silver and gold mineralisation intersected in three holes to a depth of 115 metres, include S08-01 with 0.04% Cu, 1.26 g/t Au and 8 g/t Ag over 0.7 metres, S08-06 with 1.8% Cu, 3.41 g/t Au and 73 g/t Ag over 0.44 metres and S08-04 with 1.32 % Cu, 0.21 g/t Au and 17 g/t Ag over 2.4 metres. (SGX Press release of May 28/08).
The Onaman project is supervised by Ulrich Kretschmar, Ph.D. P.Geo. (APGO#1160). Dr Kretschmar has extensive exploration experience in Archean Gold terrains, is a qualified person as defined by 43-101 and is responsible for the technical content of this news release.
Francis L. Jagodits, P.Eng., (Independent Consulting Geophysicist) is a Qualified Person and has approved the technical content of this press release as it pertains to the results of the airborne ZTEM-magnetic survey.
SAGE 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 mine in Timmins plus the Lynx deposit and other exploration properties in the Beardmore -Geraldton Gold Camp. Technical reports and information relating to the properties can be obtained from the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com and www.sagegoldinc.com.
This release was prepared by management of the Company who takes full responsibility for its contents.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Go to the top left of the page and look for stock quotes. Click on it and it will give you the number of shares and highs and lows etc.

AS the saying goes, "the party is over, smoke em if you got em". We got douched by Cliff's for under a buck, when it should have been, at the minimum 2 or 3 bucks. That is the way things go. It has been 2 years for me so lets put this Freewest forum to bed.

Interesting article that mentions Freewest and Cliffs.Takeover battles signal M&A resurgence in mining sector

Chinese demand, looser lending and majors looking for new assets may end M&A lull

By Cameron French, ReutersJanuary 11, 2010Be the first to post a comment



Toronto -- A spate of hotly contested takeover deals in Canada’s mining patch and steadily rising metal prices may drive busy dealmaking in 2010 after a lull in acquisitions last year, experts say.

And new sources of financing are opening up as banks slowly return to the lending game and commodity-hungry China opens its coffers to partners, providing plenty of incentive for larger players to feed on smaller developers.

“Most of the [miners’] financial positions are much stronger than they were a year ago and everybody seems to be refocusing their attention on growth,” said Haytham Hodaly, an analyst at Salman Partners Inc.

Goldcorp Inc., which has been growing aggressively in recent years, is wrapping up two acquisition bids on foreign soil.

In Chile, the company said last week it would spend US$513-million to acquire Xstrata PLC’s 70% stake in the El Morro copper-gold project, trumping an existing bid from rival Barrick Gold Corp., the world’s largest gold company.

Goldcorp also just finished fighting off Minera Penmont Inc., a joint venture of gold and silver heavyweights Fresnillo PLC and Newmont Mining Corp., to clinch the takeover of Canplats Resources Corp., which is focused on the Mexican mining space.

That followed Cliffs Natural Resources Inc.’s victory over Noront Resources Ltd. in a battle for Canadian chromite explorer Freewest Resources Canada Inc., and comes as royalty companies Royal Gold Inc. and Franco Nevada Corp. both bid for smaller rival International Royalty Corp., with Royal winning agreement on a $640-million offer.

The return of hostile bidding, which was a feature of the red-hot 2006-2008 M&A boom, suggests companies are again prepared to be aggressive to lock down new assets.

The recent activity follows a year of cautious rebound from the 2008 crash in metal prices. Industry players say that now, with gold having held above US$1,000 since October and base metals still churning higher, potential buyers may have hit a point of comfort with the economics of adding assets.

“If the gold price and other metal prices remain strong ... then we would expect to see more [deals],” said Paul Burchell, an analyst at Dundee Securities Corp.

In addition to Goldcorp, which wants to use El Morro as an entry into the red-hot Chilean mining space, other large-tier miners are seen as prime candidates to bulk up through M&A.

Uranium giant Cameco Corp., which said last year that it could consider a deal valued in the US$1-billion to US$2-billion range, may now be ready to make such a move after selling its Centerra Gold Inc. subsidiary for about $872-million in December.

Teck Resources Ltd. , Canada’s top base metals miner, said last fall it was “open for business” and thinking of acquisitions after a tough year fixing its balance sheet in the wake of its 2008 leveraged takeover of Fording Coal Trust.

Teck’s rebuilding effort included selling a 17% equity stake to state-owned China Investment Corp. for US$1.5-billion, reflecting a growing trend among Canadian companies of turning to Asia as a source of capital.

Such deals, typically sales of minority equity stakes and often including a long-term supply deal, are expected to increase in frequency and in the size of companies involved.

“I think China is still looking to secure resources, and they certainly have a lot of foreign exchange reserves they want to deploy and one way to do that is to buy a copper mine,” said David Whetham, a resource fund manager at Scotia Capital.

Other players seen in possible deals include HudBay Minerals Inc., which has been rumoured to be shopping a stake in its Fenix nickel project in Guatemala.

“There’s a lot of discussions ongoing right now with bigger companies,” said Glenn Ives, North American mining leader at accounting firm Deloitte. Target companies can use the deal to leverage closer ties to a region expected to drive global growth in coming years.

Along those lines, Teck has also been in talks with Asian coal customers regarding taking on a partner for its coal business.

Don Lindsay, Teck’s chief executive, has said it would only pursue such a deal if it would lead to enhanced “business relationships.”

The source of capital, meanwhile, should fund projects where equity or debt financing may not be an attractive option.

Asian capital “will probably mean that there will be more projects developed [in Canada], which actually will be hugely beneficial to the economy,” said Mr. Ives at Deloitte.
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Please ask Mac Watson if the NI 43-101 will be published before Xmas, as was stated in a few earlier posts or will we have to wait until the New Year, or will it be after the Jan25 vote.

Thanks

JFN