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Serengeti Resources Inc.
Summary
| Project: | Kwanika | |
|---|---|---|
| Deposit: | Kwanika | |
| Location: | Canada | |
| Commodities: | Copper-Gold-Silver-Molybdenum | |
| Date: | 12/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 5-12-2018: Serengeti Resources Inc. announces an Exploration/Drilling Update report for its Kwanika deposit at the Kwanika project. Drilling results incl. 392.6m @ 0.53% Cu, 0.41g/t Au, 1.98g/t Ag from 80.5m. Vancouver, B.C., December 05, 2018. Serengeti | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David Moore (Internal) | |
| ABSTRACT: | Vancouver, B.C., December 05, 2018. Serengeti Resources Inc. (SIR: TSX-V) ("Serengeti" or "the Company") is pleased to report the third and final 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 are the final drill results from our very successful 2018 Kwanika drilling program. I’m delighted that the drilling has confirmed what we’ve suspected for a while; that there’s a higher-grade core to the Central Zone porphyry which should allow both the open pit and underground operations to access elevated gold and copper grades early on in the mine plan. The new drill data will be merged with the historic drill results and a greatly improved geological model, to generate a new resource model for the Central Zone, which we anticipate should be ready in the new year. And as I have previously indicated, the new resource model -along with newly gathered engineering data and metallurgical test work currently underway- are key inputs to the Pre-Feasibility Study which should be completed mid-2019” stated David W Moore, President & CEO of Serengeti and President of Kwanika Copper Corp. | |
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