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Serengeti Resources Inc.
Summary
| Project: | Kwanika | |
|---|---|---|
| Deposit: | Kwanika | |
| Location: | Canada | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 9/22/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-9-2016: Serengeti Resources Inc. announces an Exploration/Drilling Update report for its Kwanika deposit at the Kwanika project. Drilling results incl. 438.4m @ 0.71% Cu, 0.83g/t Au, 2.0g/t Ag from 160.0m (1.25% CuEq.). Vancouver, B.C., September 22, 2 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David W. Moore (Internal) | |
| ABSTRACT: | Vancouver, B.C., September 22, 2016, Serengeti Resources Inc. (SIR:TSX-V) reports the results of a recently completed drilling program on its Kwanika copper-gold resource stage project located in Quesnel Trough of British Columbia. Three holes were completed totaling 2,446 metres (“m”) and included an intercept of 438m grading 0.71% Cu, 0.83 g/t Au within the Kwanika Central Zone resource shell. The second hole intersected a broad, gold anomalous interval within highly altered andesites potentially lying above a separate buried mineralized centre, some 500m to the north. The third and deepest hole essentially ended in copper-gold mineralization on the northwest edge of the Central Zone, indicating the system appears to be increasing in grade and remains open to depth in this direction. Drill hole K-177 was designed to test; a) the up-dip and down-dip edges of the Central Zone, b) test for lateral continuity of the monzonite-hosted, supergene-enriched copper zone that caps the deposit and c) assist in resource modeling and future definition drilling of the Central Zone. K-177 met all these objectives and encountered some of the highest grades intersected in the zone to date, for instance 19.04 % Cu , 6.52 g/t Au over 3.6m within a 233.6m interval grading 1.18% Cu, 1.3 g/t Au. “This is an exceptional hole, one of the best we have drilled at Kwanika and demonstrates the very high copper-gold grades present within the Central Zone. Because it was drilled perpendicularly to virtually all the other holes in the deposit, it also provides a host of new geological information”, stated Serengeti President & CEO, David W Moore. | |
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