SageGold March 2011
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SageGold March 2011

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SageGold March 2011 SageGold March 2011 Presentation Transcript

  • March 2011
  • Forward Looking StatementsStatements made in this presentation, other than those concerning historical information, should be considered forward-looking statementswhich are subject to various risks and uncertainties. Such forward-looking statements are made based on management’s belief as well asassumptions made by, and information currently available to, management.The Company’s actual results may differ materially from the results anticipated in such forward-looking statements as a result of a variety offactors. Additional information concerning factors that could cause actual results to materially differ from those in such forward-lookingstatements is contained in the Company’s filings with the securities and regulatory authorities. Note: All currencies are in Canadian dollars unless otherwise noted 1
  • Board, Management, and Consultants Board of DirectorsPatrick J. Mars Mr. Mars is an independent consultant specializing in mine financing and analysis with over 30 years of experience in the investment industry. Mr. Mars has acted as Chairman, CEO, or Director for several public-traded miningChairman and Director companies and is currently Director of Aura Minerals, Carpathian Gold, Selwyn Resources and Yamana Gold. Mr. Lees is a founder and past director of TVX Gold Inc, a significant gold producer in North and South America, whichC. Nigel Lees merged into Kinross Gold., listed on the TSX and the New York Stock Exchange. Mr. Lees has over 30 yearsPresident, CEO, and Director experience in the Canadian investment industry and is currently a Director of several publicly traded mining companies including Yamana Gold.Peter Bojtos Mr. Bojtos is a professional engineer with extensive experience in mineral development and production. Since 1996Director following a successful career as CEO of several companies, Mr. Bojtos serves on mining company boards as an independent Director. Mr. Robertson is a Certified Financial Planner. He has worked in the financial industry for the past twenty years, andGary Robertson presently serves on the board of several private companies as well as on the board of six Canadian junior goldDirector mining companies.Joe Baylis Mr. Baylis brings over 23 years of domestic and international mining industry experience to the Company. He is Director President and Chief Executive Officer of Manicouagan Minerals Inc. Mr. Baylis graduated with an LLB from the University of Western Ontario and is a member of the Law Society of Upper Canada.Sandy Chim Mr. Chim is an international business executive. He is Chairman of Century Iron Ore Group, Chairman, Director and CEODirector of Augyva Mining Resources Inc. and non executive director of Prosperity Minerals Holdings Limited. Mr.Chim resides in Kowloon, SAR , Hong Kong, PRC. 2
  • Board, Management, and Consultants Management Mr. Love is a geologist who has been involved in mineral exploration in Canada and was part of the world class William D. Love Hemlo discovery team. He was also an institutional equity salesperson in London, England, for a Canadian VP, Business Development brokerage firm. Mr. Love has spent the last fifteen years as a venture capitalist and a corporate finance specialist in a variety of resource and technology companies.Arthur Hampson Mr. Hampson is a Chartered Accountant with over 20 years experience at the CFO level with both public and privateChief Financial Officer companies. Mr. Skutezky was Assistant General Counsel of Royal Bank for 25 years focused on International Project financingMichael Skutezky based in Montreal and Toronto, in addition to working in Eastern Europe with Canadian Law Firms. He has recentlySecretary and Legal Counsel formed his own professional corporation for the practice of law and is the principal of Rhodes Capital Corporation. Advisory GroupChristopher Westdal Mr. Westdal is a former Canadian diplomat with many years of experience in the field, including headingConsultant Canadian Embassies, High Commissions and International delegations. Most recently he was Ambassador to Russia (2003-2006)and the United Nations in Geneva (1999-2003)Stephen Kay Mr. Kay is a geologist with over 35 years of gold exploration and development experience. He has been President,Consultant CEO and a Director of International Minerals Corporation, a TSX-listed emerging precious metals producer since 1993. He is currently a director of several public and private Canadian and United States companies.Jesse Gill Mr. Gill is a co-founder of TerraNova Partners, an alternative asset and private equity money manager. Mr. Gill is aConsultant Director and officer of several public and private companies. Mr. Gill holds a Bachelor of Commerce degree in Finance from McGill University. Geological ConsultantsRon Therriault ,M.Sc David Gliddon, BSc ( Honours) P.Geo. Pat Pope, MSc (Applied) P.Geo Avrom Howard , M.Sc, FGA, P.Geo 3
  • Sage Gold is focused on developing resourcesthrough exploration and acquisition that can bedeveloped into near term production 4
  • CORPORATE STRUCTUREShares O/S: 43.4millionShares F/D: 59 millionDaily Average Trading : 146,300 shares ( 6 months) 5
  • History of Timmins (Ontario) Gold Camp Giant world class mining camp First discovered in 1910; over 66 million ozs.produced Dome Mine started 1910 - still in production today Main Deposits/Gold Systems and Production Figures Hollinger-McIntyre (1910-1989) 32.1M oz Au @ 9.76gpt Dome-Preston-Paymaster (1910-present) 18.5M oz Au @ 6.23gpt Pamour-Hallnor-Hoyle (1936-present) 7.5M oz Au @ 4.10gpt Hoyle Pond-Bell Creek (1981-present) 2.5M oz Au @ 10.76gpt Buffalo Ankerite-Aunor-Delnite (1937-1988) 4.5M oz Au @ 8.61g 6
  • Timmins Gold CampAdvanced ProjectsLakeshore Gold – Timmins Mine (current resources 1.87M oz Au).Scheduled for full production by 4th Qtr 2011.Goldcorp – Hollinger Open Pit (current resources 900,000 oz Au).Scheduled for production by 3rd Qtr 2012.Near Term Production Potential Sage, Lakeshore Gold (Bell Creek, Vogel), Taylor (SAS), Gowest, SGX (Tully), Lexam VG Gold 7
  • CLAVOS PROPERTY - TIMMINS GOLD CAMPOption agreement - St Andrew Goldfields - earn 60% interest - $3.0 million in the ground and $200K in cash and shares over 3 years - Completed first instalment of option agreement – spent $750,000 to datePrior gold resource 43-101 - St Andrew Goldfields (TSX-SAS) in October 2006. -Scott Wilson RPA ; refer to www.sedar.comExisting Mining Permit until 2019Existing infrastructure - underground ramp access to the 300 metre level, powerto site, surface ventilation system, fully permitted water management facility$72 million spent - $46 million - undergroundCurrently Drilling and Generating a 3D Lithology/Void Model 8
  • Sage (Clavos Only)– SAS Properties in Timmins Pipestone Fault 9
  • Timmins Mines Clavos Mine 10
  • Clavos Option – Lands 2540 hectares (6274 acres) 11
  • Clavos Mine Site - 2006 12
  • Clavos Underground Stope PhotosPhoto 1: Stope face on 100 level west Photo 2: Ribboned quartz veins filling syn-The image show the nature of the vein system mined here, which mineralization faults (left) and linking vein arrays andcomprises a west-northwest trending array of quartz extension faults in areas of complex vein development.veins with locally sigmoidal geometry. Note abundant irregular extension veins adjacent to theThe vein array is developed in ultramafic rocks adjacent to a ribboned vein at left. Ribboning is caused by thin slivers ofporphyry dyke, which is visible on the left in photo. The sheeted altered wallrock and chlorite-carbonate-pyrite +/-nature of veins in the back is visible at the top of photo. arsenopyrite stylolites. Photo looking up at back,150 level east 13
  • Underground Drill Core PhotosA A-B: Photos from hole CL252-13, 63.1-64.3m, illustrating stylolitic white quartz veining with visible gold from a stylolitic quartz vein system with chlorite-carbonate-pyrite altered wallrock slivers that is consistent in style with the en echelon vein arrays. Photos A and B are close-ups of stylolitic ribboned chlorite-rich bands in the system partially zone shown in B, containing multiple grains and blebs of native gold. Note aggregates of pale grey Fe-carbonate in lower left portion of photo B.B The vein system occurs adjacent to a narrow grey porphyry dyke. 594.88 gpt Au (17.35 opt) over 1.2m (uncut) 14
  • CLAVOS PLAN Data Compilation complete – 150,000 metres of surface drillingand 40,000 metres of underground drilling Surface Drilling and 3D Modeling underway New NI43-101 Resource Study – Post Drilling De-water – Underground Exploration and Development Economic Assessment – Mineable Reserves Production Decision 15
  • SAGE CLAVOS 2011 DRILL PLAN Current Western Proposed Eastern Drilling Drilling – historic 10.7g/t – 5 metres Proposed Deep Drilling Proposed Eastern Drilling – historic 8.79g/t – 3.5 metres 16
  • Clavos – Gold ZonesSAS Resource 2006Hanging Wall andFootwall zones only 17
  • Clavos – HW Zone – Longitudinal Section Red Zones – high grade drill targets 18
  • Clavos Longitudinal Section, Western Drilling28.89 g/t (0.86 opt) Au(15.39 g/t cut to 60 g/t) over 1.3 metres 100 metres 19
  • SAGE EXPLORATION - BEARDMORE, ONTARIOBeardmore – Geraldton Gold camp; historic production – 4 Mozs.Onaman- Lynx Deposit, NI43-101 compliant resourceInfrastructure – Road, Rail, PowerUnderexplored ; Potential for large gold deposits – i.e. Red LakeLarge land position – 87,000 acresExcellent local support/relationships including First Nations 20
  • Sage Properties – BGG Currie CurrieLynx YMCox Cu- Ni Golden Extension 21
  • Onaman - Lynx Deposit Lynx NI43-101 Open Pit Resource 485,000 tonnes 2.1 % Cu, 45.3 g Ag/T, 0.70 g Au/T at 1% Cu cut offLynx NI43-101 Resource1.936 million tonnes, 1.44% Cu39.6 g Ag/T, 0.58 g Au/TYellow = .5% Cu x 3 metres – Cut Off Red = 1% Cu x 3 metres 22
  • Sage Objectives The Clavos Mine represents a quantum leap in Sage’s objectives to become a gold producer Upgrade and Increase Resources New Resource Study Preliminary Economic Assessment (PEA) Production 2012 - Permits - Custom Milling - Low Capital Cost 23
  • SAGE FUTURE GROWTHClavos ProductionJoint Venture Beardmore Properties - Pipeline for future ProductionAcquisitions 24
  • THE FUTURE 25