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Savary Gold Corp.
Summary
| Project: | Karankasso | |
|---|---|---|
| Deposit: | Karankasso | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 11/2/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-11-2017: Savary Gold Corp. announces a Resource Estimation report for its Karankasso deposit at the Karankasso project. JV - updated mineral resource estimate for project. Toronto, Canada – November 1, 2017 – Savary Gold Corp. (TSX-V: SCA) (“Savary” or | |
| Resources: | (Resource, Inf.): 12.3Mt @ 2.03g/t Au for 805000oz Au contained | |
| CP/QP: | [Resources]: E Puritch, Y Wu, A Yassa (P&E Mining Consultants Inc.) | |
| ABSTRACT: | Toronto, Canada – November 1, 2017 – Savary Gold Corp. (TSX-V: SCA) (“Savary” or the “Company”) is pleased to announce an updated and increased Inferred Mineral Resource Estimate for its Karankasso JV Project in Burkina Faso totalling 12.3 million tonnes (Mt) grading 2.03 g/t gold for 805,000 ounces. The majority of the estimated Inferred Mineral Resources is comprised of open pit constrained Mineral Resources in six different zones using a 0.5 g/t cut-off grade and a small amount of underground Mineral Resources using a cut-off of 2.0 g/t that are situated beneath two of the open pit zones. Don Dudek, Savary’s President and CEO commented: “The program focused on expanding three of the six zones with the largest of the three, Diosso, returning 74% more pit constrained Inferred Mineral Resources compared to the 2015 Estimate. Mineralization continues to extend beyond pit-constrained limits at all zones. The new higher-grade underground Mineral Resource warrants further testing and expansion and are indicative of the upside potential of the project. Even with the increase in Mineral Resources, the methodology used to estimate the Mineral Resources was more conservative utilizing tighter mineralized envelopes and in estimating the potential Mineral Resource losses related to artisanal mining. We plan to continue to systematically expand the new and existing mineralized zones while exploring the remainder of the extensive mineralized corridor that transects the Project. | |
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