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Serengeti Resources Inc.
Summary
| Project: | Kwanika | |
|---|---|---|
| Deposit: | Kwanika | |
| Location: | Canada | |
| Commodities: | Copper-Gold-Silver-Molybdenum | |
| Date: | 10/18/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 18-10-2018: Serengeti Resources Inc. announces an Exploration/Drilling Update report for its Kwanika deposit at the Kwanika project. Drilling results incl. 513.9m @ 0.64% Cu, 0.80g/t Au, 2.08g/t Ag from 33.0m. Vancouver, B.C., October 18, 2018. Serengeti | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David Moore (Internal) | |
| ABSTRACT: | Vancouver, B.C., October 18, 2018. Serengeti Resources Inc. (SIR: TSX-V) ("Serengeti" or "the Company") is pleased to report the first batch of assay results from the 2018 drilling campaign completed at the Kwanika Project in north-central BC. The fully funded 2018 drilling program is part of the ongoing Kwanika Pre-Feasibility Study (“PFS”) scheduled for completion in mid-2019, as described in Serengeti Resources’ press release dated September 11th, 2018. Kwanika Copper Corporation (“KCC”), is a private company jointly owned by SERENGETI RESOURCES Inc. (65%) and POSCO DAEWOO Corporation (35%). “These outstanding results are from the first two holes of our 2018 drill program at Kwanika. The long intervals show excellent grades near surface within the potential open pit domain, and also demonstrate that strong gold and copper-rich mineralization is present within the potential underground domain outlined in our 2017 PEA. We’re looking forward to incorporating the full set of results from this year’s drilling into a revised resource estimate which is a priority input into the prefeasibility study scheduled for completion mid-2019. One of our key strategic objectives for 2018 is to expand the resource tonnage and to increase the overall resource grade of the Central Zone. If we’re successful, it will open up a number of alternatives for our engineers to optimize the project design and potentially enhance the overall project economics” stated David W Moore, President & CEO of Serengeti and President of Kwanika Copper Corp. | |
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