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Savary Gold Corp.
Summary
| Project: | Karankasso | |
|---|---|---|
| Deposit: | Karankasso | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 7/25/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-7-2018: Savary Gold Corp. announces an Exploration/Drilling Update report for its Karankasso deposit at the Karankasso project. JV-Drilling results incl. 14m @ 5.81g/t Au from 10m. Toronto, Canada – July 25, 2018 – Savary Gold Corporation. (TSX-V: SCA) | |
| 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 – July 25, 2018 – Savary Gold Corporation. (TSX-V: SCA) (“Savary” or the “Company”) is pleased to announce positive drill results from a 8,465 metre, 120-hole, air core and reverse circulation drill program that was completed in May and June on the Karankasso JV Project in southwestern Burkina Faso. The results of the program demonstrate at least seven zones of gold mineralization that warrant additional drilling. A summary of select drill hole results are presented below (see Figures 1 to 4 for locations and Table 1 for additional details). Since January 2018, Savary has completed 20,495 metres of auger, air core and reverse circulation drilling. Further core and reverse circulation drilling to follow-up these results is planned in Q4 of 2018. Savary owns an approximate 73.5% interest and is the operator of the project. “Our decision to focus on the significantly underexplored southern portion of the property in the first half of 2018 was rewarded with strong drill intercepts at Karangosso South and the discovery of at least seven new zones of gold mineralization. These new zones, along with the Karangosso South and Serakoro West zones, are indicative of the potential to increase the overall mineral resources of the project. Drilling is planned to resume in Q4, 2018 to further expand and demonstrate this potential,” stated Don Dudek, President and CEO of Savary. The recent program focussed on the southern concession block. It comprised 83 air core holes for 4,204 metres and 37 reverse circulation holes, totalling 4,261 metres. The goal of the program was to: 1) test for strike extension of the Serakoro West Zone inferred resource; 2) follow-up on drill intercepts from 2017-18 and 3) test the stronger (>100 ppb Au) gold-in-auger anomalies. The results demonstrated strong, gold-bearing mineralization in seven areas. Highlights of these results include | |
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