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Savary Gold Corp.
Summary
| Project: | Karankasso | |
|---|---|---|
| Deposit: | Karankasso | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 3/3/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-3-2017: Savary Gold Corp. announces an Exploration/Drilling Update report for its Karankasso deposit at the Karankasso project. JV with Sarama Resources Ltd. - drill results incl. 6m @ 14.66g/t Au from 30m. Savary Gold Corp. (TSX-V: SCA) (“Savary” or th | |
| Resources: | (Resource, Inf.): 9.16Mt @ 2.28g/t Au at project | |
| CP/QP: | [Overall Report]: Don Dudek (Internal) | |
| ABSTRACT: | Savary Gold Corp. (TSX-V: SCA) (“Savary” or the “Company”) is pleased to announce the first set of drill results for our ~10,000 metre, ~100-hole drill program that commenced at the end of January on the Karankasso JV Project in south western Burkina Faso. Upon closing, it is anticipated that the Karankasso JV Project is approximately 69.5% owned by Savary and 30.5% owned by Sarama Resources Limited (“Sarama”) with Savary as operator. This news release presents results for 24 of the initial 29 holes totalling 2,978.4 metres that were completed from January 29 to February 13, 2017. To date, 43 holes totalling 4,474 metres, have been completed. “The first few holes drilled in the Serakoro 1 West area have been quite encouraging with good first pass results obtained from both testing gold-in-auger results and following up on first pass RAB and RC drilling carried out by Sarama in 2011/12. This initial success has resulted in the recommended followup of an additional 20 holes, ensuring both follow-up of drill intercepts and the testing of all strong goldin-auger anomalies” stated Don Dudek, President and CEO of Savary. Mr. Dudek further noted that “We were also pleasantly surprised with a strong, higher grade intercept along the western edge of the Serakoro 1 Main area, that had not been previously tested and the strengthening of the gold-in auger anomalies at the north end of the Serakoro 1 concession.” | |
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