Nigel Lees on Sage Gold’s first delivery of mineralized material
Nigel Lees, President, CEO and Director of Sage Gold Inc. (TSXV: SGX) (“Sage Gold”) in an interview with InvestorIntel Senior Editor, Peter Clausi discuss their first delivery of mineralized material from Clavos gold mine to McEwen Mining’s Black Fox-Stock mill. The mineralized material that is being shipped to mill is broken up underground and was left by the previous owners, St. Andrews Goldfields, who spent $65 million on the project. Sage Gold has access to all of the left mineralized materials at a very low cost. As for the next big event for Sage Gold, Nigel states they will start seeing revenue in the next few weeks. Nigel also discusses their deeper drilling program at Clavos.
Peter Clausi: Clavos is in northern Ontario near Timmins.
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Nigel Lees: It is a gold mine which plus $65 million dollars was being spent on it over the years. We have gone back into the workings, dewatering, rehabbing, definition drilling and we are now shipping mineralized material to the mill, which is 10 kilometers away called Stock Mill.
Peter Clausi: Who owns that mill?
Nigel Lees: That is McEwen recently bought that from Primero. We are lucky to be able to get a mill run in very early in the new ownership. We started dewatering at Clavos, which is the gold mine in Timmins, Ontario, in January of the year. We dewatered it almost down to 300 meters. There is 7 kilometers of underground workings. We have rehabilitated the underground…to access the complete interview, click here
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