Sage Potash (SAGE.V) has completed its drilling operations at the Peterson 1 well, the only hole it planned to drill in the current campaign. The well reached a total depth of almost 2,250 meters and successfully intersected the Cycle 18 Upper and Lower potash bearing beds. Core has been recovered and will be sent to Saskatchewan for lab analysis.
Once the assay results are received, the data will be used for an updated resource calculation on the Sage Plain Potash project. And given the location of the holes, there are high expectations to see a substantial resource upgrade.
Disclosure: The author has a long position in Sage Potash. Sage currently is not a sponsor of the website but could become one in the near future. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
