Sage Gold explores Nevada, Timmins

摘要

Three years ago Sage Gold (sgx-v) had a market capitalization of about 40 million dollars. Today the figure stands at about 6 million dollars but the junior's president and chief executive Nigel Lees believes that's about to change with the help of two option agreements the company has inked this year on properties in Timmins, Ont., and Nevada. In March, Sage Gold signed an option agreement with Gryphon Gold (ggn-t) to earn a 50% interest in Borealis, a fully permitted gold project and past-producing open-pit mining operation, about a three-hour drive south of Reno in the Walker Lane gold belt of western Nevada.