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.

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

Disclaimer: Sage Gold Inc. is an advertorial member of InvestorIntel.




Nigel Lees on revving up for the junior gold bull market rally

Nigel Lees, President, CEO and Director of Sage Gold Inc. (TSXV: SGX) in an interview with InvestorIntel CEO Tracy Weslosky discuss the junior gold bull market and Sage Gold’s production timelines. Nigel shares that their Clavos Gold Project has already had, “almost C$100 million [invested in it] over its lifetime.” Nigel then goes on to tells us, the Clavos Project will ship it’s first ore in 12 weeks, and expects to be in full commercial production sometime next year, producing roughly 20,000-25,000 ounces per year… to access the complete interview, click here

Disclaimer: Sage Gold Inc. is an advertorial member of InvestorIntel Corp.

 




Nigel Lees on “Making Sage (Gold) great again!”

Nigel Lees, President, CEO and Director of Sage Gold Inc. (TSXV: SGX) in an interview with InvestorIntel’s CEO Tracy Weslosky to discuss Sage’s Clavos Gold Project. They recently completed a C$11.5 million financing and Nigel points out that their primary focus is in Timmins, which is “one of the great areas for gold mining in Canada, if not in the world.”  With a permit for their mine and a life-of-mine mill agreement with Premier Gold’s mill, located 10km away, Sage is planning on going into production in Fall 2017.

Tracy Weslosky: Nigel, in 2007 you said your market cap was $40 million and you had two exploration projects. Today you’ve got two projects, one that’s going into production this year and — you have a market cap of only $10 million: this is a great opportunity today, yes?

Nigel Lees: I think it is, yes. Make Sage great again!

Tracy Weslosky: Speaking about this opportunity, why don’t you start by giving us an overview of what Sage Gold is.

Nigel Lees: We’re focused on the Clavos Gold Project in Timmins. Timmins, as many people know, is one of the great areas for gold mining in Canada if not in the world. We have a deposit that our previous owners spent over $60 million dollars. We’re going to spend just over $7 million to put it in production. We have a permit and we have a life of mine mill agreement with Premier Gold’s mill, which is about 10 kilometers away. It’s ready to go for dewatering, going into rehabbing, producing hopefully some mineralized material and shipping it by September this year… to access the complete interview, click here

Disclaimer: Sage Gold Inc. is an advertorial member of InvestorIntel Corp.