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Savary Gold Corp.
Summary
| Project: | Karankasso | |
|---|---|---|
| Deposit: | Karankasso | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 1/24/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-1-2019: Savary Gold Corp. announces an Exploration/Drilling Update report for its Karankasso deposit at the Karankasso project. JV-Drilling results incl. 4.2m @ 37.64g/t Au from 86.1m. Toronto, Canada – January 24, 2019 – Savary Gold Corporation. (TSX- | |
| 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 – January 24, 2019 – Savary Gold Corporation. (TSX-V: SCA) (“Savary” or the “Company”) is pleased to announce additional positive drill resultsfrom a 5,266 metre, 67-hole program that included, diamond drilling, reverse circulation and air core, that was completed in November and December, 2018 on the Companies’ Karankasso JV Project in southwestern Burkina Faso. Significant gold mineralization was successfully discovered at eight exploration targets and at four of the known zones with current estimated mineral resources. All of the targets and known zones remain open along strike and to depth. Follow-up drilling is warranted with a focus on increasing the total resources of the project. A summary of select drill hole results are presented below (see Figure 1 for general hole locations and Table 1 for drill intercept details). “The 2018 programs focussed on the expansion of the current resources, as well as the discovery and development of new targets, especially along the southwestern edge of this 47km long property. This work has further expanded the number of zones that we believe have reasonable potential for the definition of additional mineral resources. Now we have eight, new, dominantly oxide, developing resource targets, varying from 100 metres to 1,200 metres long, that are open to expansion. It is also great to see an increase in the number of higher-grade intercepts in the recent program, especially a new +100 gram*metre intercept. After our recent equity financing, we are well positioned to follow up on these targets during the 2019 campaign that has just commenced with a view towards completing a resource update in late 2019.” - Don Dudek, President and CEO | |
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