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Savary Gold Corp.
Summary
| Project: | Karankasso | |
|---|---|---|
| Deposit: | Karankasso | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 3/19/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-3-2018: Savary Gold Corp. announces an Exploration/Drilling Update report for its Karankasso deposit at the Karankasso project. JV-Drilling results incl. 11m @ 3.59g/t Au from 43m. Toronto, Canada – March 19, 2018 – Savary Gold Corp. (TSX-V: SCA) (“Sav | |
| Resources: | (Resource, Inf.): 12.3Mt @ 2.03g/t Au for 805000oz Au contained at project | |
| CP/QP: | [Overall Report]: Don Dudek (Internal) | |
| ABSTRACT: | Toronto, Canada – March 19, 2018 – Savary Gold Corp. (TSX-V: SCA) (“Savary” or the “Company”) is pleased to announce the drill results from a 3,700 metre, 63-hole, air core and reverse circulation drill program that was completed in February on the Karankasso JV Project in south western Burkina Faso, with JV partner Sarama Resources Ltd. Savary is the operator of the project and owns approximately 70%. This first phase drill program is part of a planned, approximate 19,000 metre auger, air core, reverse circulation and diamond drill program including approximately 8,000 metres of auger drilling. Drilling, pending permitting, is scheduled to be completed by the end of June. The first phase drill program focussed on the southern concession block where the 2017 program indicated follow-up drilling was required. In total, 3,696 metres of drilling in 63 holes comprising 51 air core holes for 2,364 metres and 12 reverse circulation holes, totalling 1,332 metres were completed. The goal of the program included following up on drill intercepts from 2017, testing new geological models, re-testing some of the stronger gold-in-auger anomalies that did not return gold intercepts in 2017 and to test 50 to 100 ppb gold-in-auger hole anomalies. The drilling was successful in returning the 2 nd and 3rd best drill intercepts for the Serakoro 1 West zone (lens SW-A), which were drilled to test for a shallow north plunge of an intercept that returned 2.55 g/t gold over 17 metres. Drilling also resulted in two significant drill intercepts 3.59 g/t gold over 11 metres and 1.23 g/t gold over 14 metres, along lens SW-D, which will require follow-up. | |
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