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Sanu Gold Announces a New Target at Salat East on Daina Project

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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.

Sanu Gold (CSE: SANU) (OTCQB: SNGCF) ha identificato un nuovo obiettivo aurifero chiamato Salat East nell'angolo sud-orientale del suo progetto Daina nella regione di Siguiri in Guinea. Questo obiettivo presenta ampie attività artigianali che si estendono su un tendone di 500 metri, con strutture che variano da 5 a 8 metri di larghezza. L'azienda prevede di valutare l'obiettivo attraverso campionamento di rocce, mappatura geologica e geofisica prima di un eventuale sondaggio. Inoltre, Sanu Gold si sta preparando a dare inizio a un programma di perforazione di 2.000 metri e 19 fori presso il Permesso Diguifara in collaborazione con AngloGold Ashanti plc.

Sanu Gold (CSE: SANU) (OTCQB: SNGCF) ha identificado un nuevo objetivo de oro llamado Salat East en la esquina sureste de su proyecto Daina en la cuenca de Siguiri, Guinea. El objetivo presenta amplios trabajos artesanales que se extienden a lo largo de una tendencia de 500 metros con estructuras que varían de 5 a 8 metros de ancho. La compañía planea evaluar el objetivo a través de muestreo de rocas, mapeo geológico y geofísica antes de un posible perforado. Además, Sanu Gold se está preparando para iniciar un programa de perforación de 2.000 metros y 19 agujeros en el Permiso Diguifara en colaboración con AngloGold Ashanti plc.

Sanu Gold (CSE: SANU) (OTCQB: SNGCF)는 기니 시구리 분지의 다이나 프로젝트 남동쪽 모서리에 위치한 새 금 목표인 Salat East를 확인했습니다. 이 목표는 너비가 5미터에서 8미터에 이르는 구조로 이루어진 500미터 구간에 걸쳐 광범위한 수공업 작업이 있습니다. 회사는 잠재적인 시추 전에 암석 샘플링, 지질 지도 작성 및 지구 물리학을 통해 목표를 평가할 계획입니다. 또한, Sanu Gold는 AngloGold Ashanti plc와 협력하여 Diguifara 허가 지역에서 2,000미터, 19개 구멍의 시추 프로그램을 시작할 준비를 하고 있습니다.

Sanu Gold (CSE: SANU) (OTCQB: SNGCF) a identifié un nouvel objectif d'or appelé Salat East dans le coin sud-est de son projet Daina dans le bassin de Siguiri en Guinée. Cet objectif présente d'importants travaux artisanaux s'étalant sur une tendance de 500 mètres avec des structures allant de 5 à 8 mètres de large. La société prévoit d'évaluer l'objectif par échantillonnage de roche, cartographie géologique et géophysique avant un éventuel forage. De plus, Sanu Gold se prépare à lancer un programme de forage de 2 000 mètres et 19 trous au Permis Diguifara en collaboration avec AngloGold Ashanti plc.

Sanu Gold (CSE: SANU) (OTCQB: SNGCF) hat ein neues Goldziel namens Salat East in der südöstlichen Ecke seines Daina-Projekts im Siguiri-Becken in Guinea identifiziert. Das Ziel weist umfangreiche handwerkliche Arbeiten auf, die sich über einen 500-Meter-Trend erstrecken, mit Strukturen, die von 5 bis 8 Meter breit sind. Das Unternehmen plant, das Ziel durch Gesteinsprobenahme, geologische Kartierung und Geophysik zu bewerten, bevor es möglicherweise mit dem Bohren beginnt. Zusätzlich bereitet sich Sanu Gold darauf vor, ein 2.000 Meter umfassendes Bohrprogramm mit 19 Bohrlöchern im Diguifara-Lizenzgebiet in Zusammenarbeit mit AngloGold Ashanti plc zu starten.

Positive
  • Discovery of new gold target with significant 500m mineralized structure
  • Artisanal mining activity indicates potential high-value mineralization
  • Imminent commencement of 2,000m drilling program at Diguifara
Negative
  • None.

Vancouver, British Columbia--(Newsfile Corp. - October 29, 2024) - Sanu Gold Corporation (CSE: SANU) (OTCQB: SNGCF) ("Sanu Gold" or the "Company") is pleased to announce that recent field investigation has delineated a highly prospective gold target in the south-eastern corner of the Daina project named Salat East. This new target is so far marked by new and extensive artisanal workings spanning a trend of 500 m and growing. The Daina project is located in prolific gold district of the Siguiri Basin in Guinea, West Africa.

Compelling New Target: The Salat East target is considered a significant new prospect market by new, extensive, and growing artisanal workings where significant excavations into mineralized bedrock only started within the last year.

Significant Footprint: Artisanal miners have begun extracting mineralized material along a 500 m northeast trending line of workings from a structure ranging from 5 to 8 m in width and dipping to the west, thus representing a target with possible significant gold ounce potential.

Target Development: The company is planning to evaluate the Salat East target with rock chip sampling, geological mapping and geophysics prior to possible drilling.

Drilling at Diguifara Imminent: The company is in the final stages of mobilizing equipment to the Diguifara Permit the immediate commencement of a 2,000 m, 19-hole program, informed through the joint technical committee with AngloGold Ashanti plc.

Martin Pawlitschek, President, and CEO of Sanu Gold commented: "We are excited to have defined a new target on the Daina permit. It is a remarkably persistent structure that has been opened by artisanal miners underneath a 3 to 6m thick layer of laterite. Such dedicated work to stripping essentially barren overburden to get at the structure is suggestive of high value mineralized material. The Company will further evaluate the target with mapping, rock chip sampling and geophysics, prior to making a drill decision."

Operations Update and Salat East:

With drill preparations well underway at the Diguifara project, geologists have also been active on the Daina permit, where the next phase of drilling will be planned soon. Reviewing available, updated satellite imagery showed a significant increase in the footprints of artisanal workings. A Salat East a particularly extensive series of open pits was noted on the imagery field traverses were undertaken to further investigate this area in the SE of the Daina project (Figure 1). The traverses investigated a 500m long line of pits that is visible on the most recent available satellite imagery (Figure 2). The previous, older satellite imagery only showed extensive shallow surface disturbances in the area. This progression to a well-structured line of pit indicates that the artisanal miners were exposing a new gold bearing structure in the bed rock (Figure 3).

Most the mineralisation near surface has been removed, flooded and waste filled or collapsed workings are currently preventing access to the main zones of mineralisation. Estimates of voids created show that the zone mined is consistently 4 to 8m thick and steeply west dipping. The host rock observed consists entirely of weathered granite. Remnant near surface mineralisation is currently being mined in the hanging wall of the flooded main workings. Where observed the mineralisation consists of sets of steep dipping, subparallel quartz veinlets ranging from a few millimeters to 1-2 centimeters in thickness hosted in weathered granite. Rock chips sampling, mapping and ground geophysics will be considered to further evaluate this area.

From the exposures created by the artisanal miners it is evident that the laterite cap in the area is up to 6m thick and was initially explored by sinking vertical shafts to the base of the laterite. There are some stopes that are sub horizontal which likely exploited a paleo-colluvial layer of gold above the main structure from these horizontal workings the artisanal miners then located and exploited the steep dipping structures in the bedrock, prior to the stripping the significant overburden to more fully exploit the main structure. All along the trend evidence of steep west dipping excavations in the granite provide indications of a steep west dipping main structure underneath the laterite cap and colluvial dispersion layer.

Update on Diguifara drilling program:

Access preparations at Diguifara are near complete and a multipurpose drill rig from the Company's second largest strategic investor, Capital, is currently mobilising to our Diguifara project (Figure 5). The Company will provide an update when drilling operations have commenced.

Next Steps at Salat East:

The Company plans to complete mapping, rock sampling and ground geophysics over the area and then to evaluate this area as a drill target.

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Figure 1: Daina Permit, Sanu Gold Targets, major mining company permits, regional structures, gold mines and prospects.

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Figure 2: Salat East target near the southeast corner of the Daina Permit showing artisanal workings, shafts and pits from a north east trending 500m long structure hosted in granodiorite.

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Figure 3: Workings at Salat East in the weathered granite, exploiting a 70 degree west dipping structure 5-8m in width. Upper photo view along strike to the northeast. Lower Photo: View along strike to the southwest. Green lined denote limits of main exploited structure. Blue lines show sub parallel footwall structures exploited.

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Figure 4: Remnant veinlets in steep west dipping structure in the hanging wall of the main mineralized structure.

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Figure 5: EDM2000HC multi-purpose drill rig mobilizing to the Diguifara project. Photo courtesy of Capital.

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Qualified Person

The scientific and technical information contained in this press release has been reviewed and approved by Serigne Dieng, Ph.D., M.Sc., a Member (MAIG) of the Australian Institute of Geoscientists (AIG), Exploration Manager of the Company and a qualified person within the meaning of NI 43-101.

About Sanu Gold

Located within the Siguiri Basin, a world class gold district that is host to several operating mines and major new discoveries, Sanu Gold is exploring three high quality gold exploration permits in Guinea, West Africa. The Company has defined multi-kilometer long gold-bearing structures on each of the gold exploration permits, with multiple high-value drill targets and is targeting multi-million ounce gold discoveries. Sanu is operated by a highly experienced team, with successful records of discovery, resource development and mine permitting.

Martin Pawlitschek

President & CEO, Sanu Gold Corp.

For further information regarding Sanu Gold, please visit the Company's website at www.sanugoldcorp.com or contact:

Anthony Simone
Simone Capital
416-881-5154
asimone@simonecapital.ca

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain statements that may be deemed "forward-looking statements" with respect to the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "indicates", "opportunity", "possible" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release includes, but is not limited to, the anticipated timing for completion of various exploration or drilling programs and the use of proceeds from the Placement. Although Sanu Gold believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the Company's plans for exploration on its properties and ability to execute on plans, ability to raise sufficient capital to fund its obligations under its property agreements going forward, ability to maintain its material property agreements, mineral tenures and concessions in good standing, to explore and develop its projects; changes in economic conditions or financial markets; the inherent hazards associated with mineral exploration and mining operations, future prices of gold and other metals, changes in general economic conditions and local risks in the jurisdiction (Guinea) in which it operates, accuracy of mineral resource and reserve estimates, the potential for new discoveries, the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the projects and if obtained, to obtain such permits and consents in a timely fashion relative to the Company's plans and business objectives for the projects; the general ability of the Company to monetize its mineral resources; changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, dependence on key management personnel; general competition in the mining industry availability of capital and financing; general economic, market or business conditions, regulatory changes; timeliness of regulatory approvals as well as those factors discussed in the Company's public disclosure record. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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FAQ

What is the new gold target discovered by Sanu Gold (SNGCF)?

Sanu Gold has discovered the Salat East target in the south-eastern corner of the Daina project, featuring a 500-meter trend of artisanal workings with structures ranging from 5-8 meters in width.

What are Sanu Gold's (SNGCF) immediate exploration plans for October 2024?

Sanu Gold plans to conduct rock chip sampling, geological mapping, and geophysics at Salat East, while also preparing to commence a 2,000-meter, 19-hole drilling program at the Diguifara Permit.

Where is Sanu Gold's (SNGCF) Daina project located?

The Daina project is located in the Siguiri Basin in Guinea, West Africa, known as a prolific gold district.

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