Overview

	Above: Twin Creeks – cross section through Sage ore body.

The Sage layback was broadly drilled by Santa Fe Pacific Gold in the mid-1990s. Infill drilling and a new model by Newmont in late 2002 were successful in adding high-grade ounces and reducing layback costs by $50 per ounce. Sage was added to reserves in 2003. The Sage ore body is a northern extension of the existing Twin Creeks Mega pit, and occurs in the overturned fold axis of a NW-trending anticline at depths of 600 to 1200 feet. The carbonaceous and sulfide ore will be processed through the Sage autoclave.