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Savary Gold Corp.
Summary
| Project: | Karankasso | |
|---|---|---|
| Deposit: | Karankasso | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 8/21/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-8-2017: Savary Gold Corp. announces an Exploration/Drilling Update report for its Karankasso deposit at the Karankasso project. JV with Sarama Resources Ltd. 5m @ 4.83g/t Au from 28m. Toronto, Canada – August 21, 2017 – Savary Gold Corp. (TSX-V: SCA) ( | |
| Resources: | (Resource, Inf.): 9.16Mt @ 2.28g/t Au at project | |
| CP/QP: | [Overall Report]: Don Dudek (Internal) | |
| ABSTRACT: | Toronto, Canada – August 21, 2017 – Savary Gold Corp. (TSX-V: SCA) (“Savary” or the “Company”) is pleased to announce the results from its 6,747 metre, phase 3, 109-hole drill program that commenced at the beginning of June on the Karankasso JV Project in south western Burkina Faso. Don Dudek, President and CEO of Savary stated, “The phase 3 program was predominantly designed to evaluate new targets that were developed from the auger drilling program and previous drilling, with a lesser emphasis on the zones with current mineral resource estimates. As a result, we have further increased the scope of the project by making several new gold zone discoveries and continued to extend select existing zones. Phase 3 of the program was completed in the beginning of July with 109 holes totalling 6,747 metres, drilled. These include 68 air core (AC) holes totalling 2,631 metres and 41 reverse circulation holes totalling 4,116 metres. Not all planned holes were drilled due to weather-related logistics. As well, only a minor amount of follow-up drill holes were completed due to atypically slow analytical turn around at the laboratory. A summary of significant results from these latest holes, predominantly using 0.5 g/t gold cut-off, are presented in Tables 2 and 3 at the end of this news release. All of these holes intersected a similar-looking, sericite- and pyrite-altered, quartz veined felsic intrusion, similar in appearance to the host of the nearby Karangosso Deposit. These holes were drilled in two groups, located 400 metres apart along a moderate strength geophysical IP resistivity anomaly, again similar to that related to the Karangosso Deposit. This anomalous trend, appears to extend to the south for at least another 600 metres where a partially drilled gold-in-auger anomaly returned a strongly an omalous interval grading 0.29 g/t gold over 6 metres. The geophysically anomalous zone extends off of the survey grid to the south. Follow-up RC drilling, auger drilling and geophysical surveys have been recommended to both follow-up on obvious good drill results and to extend this high priority target to the south. | |
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