STOCK TITAN

SANU GOLD CORP - SNGCF STOCK NEWS

Welcome to our dedicated page for SANU GOLD news (Ticker: SNGCF), a resource for investors and traders seeking the latest updates and insights on SANU GOLD stock.

Sanu Gold Corp (SNGCF) is a leading exploration company operating in Guinea, West Africa, focused on its Daina Gold Exploration Permit. Recent geophysical surveys have identified extensive gold mineralization at Daina 1 South, Daina 6, and other key targets. The ground program covered a significant area with high-grade gold mineralization confirmed in recent trenching and drilling activities. With an experienced team and successful track record, Sanu Gold is poised for potential multi-million-ounce gold discoveries in the region.

Rhea-AI Summary

Sanu Gold announces strategic partnership with Montage Gold and investment by the Lundin Family. Montage Gold will acquire up to 19.9% ownership in Sanu through a share exchange valued at approximately C$5.5 million. The Lundin Family will obtain up to 10% stake, joining AngloGold Ashanti (14%) and Capital DI (10%). The total investment value is up to CAD $10,055,412. Montage Gold's CEO Martino De Ciccio will be appointed Chair of Sanu. The proceeds will advance exploration on Sanu's gold permits in Guinea, West Africa.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
113.2%
Tags
partnership
-
Rhea-AI Summary

Sanu Gold has initiated its Phase 1 2024 drilling campaign at the Daina gold exploration permit in Guinea, West Africa. The program aims to test five targets including Daina 1 South, Daina 1 North, Daina 2, Daina 6, and Salat East Target. The campaign plans up to 3000m of air core and RC drilling in 25-35 holes, which commenced on November 8, 2024. Previous drilling at Daina 2 yielded significant results, including intercepts of 21m of 4.75 g/t Au and 15m of 5.48 g/t Au. The Daina permit is strategically located adjacent to major gold miners including AngloGold Ashanti, Resolute Mining, and Endeavour Mining.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.3%
Tags
none
-
Rhea-AI Summary

Sanu Gold (SNGCF) has commenced its first-ever drilling program at the Diguifara gold project in Guinea, located 20km from AngloGold Ashanti's Siguiri gold mine. The phase 1 program, which started on October 28, includes a minimum of 2,000 meters of air core and RC drilling across 19 holes. The project features three undrilled priority targets covering a 3.2 km strike length, with auger-in-saprolite samples reaching up to 4.8 g/t Au. The targets were selected based on strong auger gold results and continuous geochemical and geophysical trends. Capital , which participated in Sanu's recent financing, will execute the drilling program.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

Sanu Gold (CSE: SANU) (OTCQB: SNGCF) has identified a new gold target called Salat East in the south-eastern corner of its Daina project in Guinea's Siguiri Basin. The target features extensive artisanal workings spanning a 500-meter trend with structures ranging from 5 to 8 meters in width. The company plans to evaluate the target through rock chip sampling, geological mapping, and geophysics before potential drilling. Additionally, Sanu Gold is preparing to commence a 2,000-meter, 19-hole drilling program at the Diguifara Permit in collaboration with AngloGold Ashanti plc.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Sanu Gold (CSE: SANU) (OTCQB: SNGCF) has announced plans for its first-ever drill program at the Diguifara Gold Permit in Guinea. The project, located just 20km from AngloGold Ashanti's Siguiri gold mine, features three undrilled high-priority targets covering a 3.2 km strike length. The initial program, set to begin in late October, includes a minimum of 2,000 m of air core and RC drilling in 19 holes.

The drilling is fully funded through recent strategic investments from AngloGold Ashanti and Capital DI. Sanu Gold has formed a joint technical committee with AngloGold Ashanti to plan exploration at Diguifara. The targets were selected based on overlapping prospective features, including termite mound, auger, and bedrock sample data, along with geophysics. Anomalous auger-in-soil samples have reached as high as 4.8 g/t Au.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.03%
Tags
none
-
Rhea-AI Summary

Sanu Gold (CSE: SANU) (OTCQB: SNGCF) has announced a comprehensive follow-up program for its Daina Exploration Permit in Guinea, West Africa. The program focuses on two high-priority targets, Daina 1 North and Daina 1 South, which offer significant potential for new gold discoveries. Key highlights include:

1. Untapped potential in significant gold trends
2. Extension of known discoveries at Daina 2
3. High-grade surface gold, including 9m at 7.97 g/t Au from trench DAI-TR-007
4. Substantial chargeability and resistivity trends identified by geophysical surveys

The company plans to extend IP coverage, conduct additional rock chip sampling, and prepare for a program of Air Core drill testing over the most prospective parts of the priority targets.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.79%
Tags
none
Rhea-AI Summary

Sanu Gold (CSE: SANU) (OTCQB: SNGCF) has announced significant geophysical targets from a recent ground geophysics program at its Diguifara Gold Exploration Permit in Guinea, West Africa. The survey identified undrilled targets with extensive gold-bearing surface indicators and geophysical trends extending over 4 km. These trends are associated with structures similar to those of nearby operational mines and advanced prospects.

The program covered 16.8 line-kilometers at Targets 1 and 2, and 4.5 line-kilometers at Target 3, revealing strong resistivity and chargeability trends aligned with known geology and regional structures. The company plans to extend the gradient IP surveys along an 8km gold anomalous corridor and conduct additional pole-dipole IP lines to guide future drilling orientations.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.74%
Tags
none
-
Rhea-AI Summary

Sanu Gold (CSE: SANU, OTCQB: SNGCF) announced new drilling results from its Bantabaye Permit in Guinea, West Africa. The highlights include significant gold intercepts such as 14 meters of 1.94 g/t Au and 3 meters of 9.86 g/t Au. The company completed 6,060 meters in 47 RC drill holes across four targets. At Target 2, gold mineralization was intercepted over a 500-meter strike length and up to a vertical depth of 120 meters. The mineralization at Target 2 remains open downdip and laterally. The company plans to drill test new high-priority targets at Daina and Diguifara in the second half of 2024. Drilling at Bantabaye Target 2 revealed consistent mineralization along a significant strike length open to further exploration.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.44%
Tags
none
-
Rhea-AI Summary

Sanu Gold announced significant progress in its drilling program at the Bantabaye Project in Guinea. The company completed 29 holes totaling 3,330 meters at Target 2 and 12 holes totaling 1,871 meters at Targets 3 and 7. Each drill hole intersected zones of alteration, quartz veining, and sulfides. The company plans to drill up to six holes at Target 1 based on new geophysical data, aiming to test an 800-meter-long structure. Samples are dispatched regularly and initial results from Target 2 are expected soon. Sanu Gold's President, Martin Pawlitschek, expressed optimism about the project's potential, highlighting the extensive artisanal workings and key geological contacts in the area.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.09%
Tags
none
Rhea-AI Summary
Sanu Gold provided an update on its Bantabaye Project in West Africa, highlighting the progress of drilling at Target 2 and the plans for initial drill testing at Targets 3 and 7. The Company completed 14 holes totaling 1,652m at Target 2, intersecting zones of alteration, quartz veining, and sulfides. A total of 678 samples were dispatched to the laboratory. The structural model for Targets 3 and 7 shows a large footprint with a planned program of 15 holes for 1,500m. Access and drill pad preparations are underway at these targets. The Company is focused on testing the structure down dip and to the south of the main surface gold anomaly. The next steps involve completing Phase 1 drill holes at Target 2 before moving to Targets 3 and 7.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.3%
Tags
none

FAQ

What is the current stock price of SANU GOLD (SNGCF)?

The current stock price of SANU GOLD (SNGCF) is $0.1165 as of December 20, 2024.

What is the market cap of SANU GOLD (SNGCF)?

The market cap of SANU GOLD (SNGCF) is approximately 28.6M.

Where is Sanu Gold Corp focused on exploration?

Sanu Gold Corp is primarily focused on exploration activities in Guinea, West Africa, with a particular emphasis on the Daina Gold Exploration Permit.

What recent achievements has Sanu Gold Corp reported?

Sanu Gold Corp has reported positive results from recent ground geophysical surveys, highlighting large targets at Daina 1 South and Daina 6, indicating high-grade gold mineralization.

What are some key projects of Sanu Gold Corp?

Sanu Gold Corp is actively working on its flagship Bantabaye Project, with ongoing drilling programs at Targets 2, 3, and 7, and planning initial drill tests at Target 1.

How is Sanu Gold Corp positioned for future growth?

With an experienced team, strategic exploration focus, and promising results from recent activities, Sanu Gold Corp is well-positioned for potential multi-million-ounce gold discoveries in the Siguiri Basin.

SANU GOLD CORP

OTC:SNGCF

SNGCF Rankings

SNGCF Stock Data

28.61M
163.37M
31.49%
2.13%
Gold
Basic Materials
Link
United States of America
Vancouver