Sanu Gold Announces Commencement of First-Ever Drill Program at its Diguifara Gold Permit
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.
Sanu Gold (SNGCF) ha avviato il suo primo programma di perforazione presso il progetto aurifero Diguifara in Guinea, situato a 20 km dalla miniera d'oro Siguiri di AngloGold Ashanti. Il programma fase 1, iniziato il 28 ottobre, prevede un minimo di 2.000 metri di perforazione ad aria e RC su 19 pozzi. Il progetto presenta tre obiettivi prioritari non perforati, coprendo una lunghezza di strike di 3,2 km, con campioni prelevati in saprolite che raggiungono fino a 4,8 g/t Au. Gli obiettivi sono stati selezionati sulla base di solidi risultati di oro da auger e tendenze geochimiche e geofisiche continue. Capital, che ha partecipato al recente finanziamento di Sanu, eseguirà il programma di perforazione.
Sanu Gold (SNGCF) ha comenzado su primer programa de perforación en el proyecto de oro Diguifara en Guinea, situado a 20 km de la mina de oro Siguiri de AngloGold Ashanti. El programa de fase 1, que comenzó el 28 de octubre, incluye un mínimo de 2.000 metros de perforación de aire y RC a través de 19 agujeros. El proyecto cuenta con tres objetivos prioritarios no perforados que cubren una longitud de strike de 3.2 km, con muestras de auger en saprolite que alcanzan hasta 4.8 g/t Au. Los objetivos fueron seleccionados en base a sólidos resultados de oro de auger y tendencias geoquímicas y geofísicas continuas. Capital, que participó en el reciente financiamiento de Sanu, llevará a cabo el programa de perforación.
Sanu Gold (SNGCF)는 기니의 디귀파라 금 프로젝트에서 첫 번째 시추 프로그램을 시작했습니다. 이 프로젝트는 앵글로골드 아샨티의 시구리 금 광산에서 20km 떨어진 곳에 위치합니다. 10월 28일에 시작된 1단계 프로그램은 19개의 홀을 통해 최소 2,000미터의 공기 코어 및 RC 시추를 포함합니다. 이 프로젝트에는 3.2 km의 스트라이크 길이를 커버하는 세 개의 우선 타겟이 있으며, 샤프라이트에서의 아우저 샘플은 최대 4.8 g/t Au에 도달합니다. 이 타겟들은 강력한 아우저 금 결과와 지속적인 지구화학 및 지구물리학적 경향을 바탕으로 선정되었습니다. 최근 Sanu의 자금 조달에 참여한 Capital이 시추 프로그램을 실행할 예정입니다.
Sanu Gold (SNGCF) a lancé son tout premier programme de forage au projet aurifère Diguifara en Guinée, situé à 20 km de la mine d'or Siguiri d'AngloGold Ashanti. Le programme de phase 1, qui a commencé le 28 octobre, comprend un minimum de 2 000 mètres de forage à air et de forage RC à travers 19 forages. Le projet présente trois cibles prioritaires non forées couvrant une longueur de 3,2 km, avec des échantillons d'augérage en saprolite atteignant jusqu'à 4,8 g/t Au. Les cibles ont été sélectionnées sur la base de solides résultats d'or d'augérage et de tendances géochimiques et géophysiques continues. Capital, qui a participé au récent financement de Sanu, exécutera le programme de forage.
Sanu Gold (SNGCF) hat sein erstes Bohrprogramm im Goldprojekt Diguifara in Guinea gestartet, das 20 km von der Goldmine Siguiri von AngloGold Ashanti entfernt liegt. Das Programm der Phase 1, das am 28. Oktober begonnen hat, umfasst mindestens 2.000 Meter Luftkern- und RC-Bohrungen über 19 Löcher. Das Projekt weist drei unverbohrte Prioritätsziele mit einer Strike-Länge von 3,2 km auf, wobei Auger-Proben in Saprolit bis zu 4,8 g/t Au erreichen. Die Ziele wurden auf der Grundlage starker Auger-Gold-Ergebnisse sowie kontinuierlicher geo- und geophysikalischer Trends ausgewählt. Capital, das an der jüngsten Finanzierung von Sanu teilgenommen hat, wird das Bohrprogramm durchführen.
- Located just 20km from AngloGold Ashanti's Siguiri mine (214,000 oz gold production in 2023)
- High-grade auger-in-saprolite samples up to 4.8 g/t Au
- Three undrilled targets with 3.2 km cumulative strike length
- Drilling contractor Capital is both service provider and investor
- First-ever drilling program - no proven resources yet
- initial program size of only 2,000 meters
Vancouver, British Columbia--(Newsfile Corp. - October 30, 2024) - Sanu Gold Corporation (CSE: SANU) (OTCQB: SNGCF) (FSE: L73) ("Sanu Gold" or the "Company") is pleased to announce the start of its phase 1 drilling plans for the Diguifara project in Guinea. The project is located only 20km from the Siguiri gold mine which is owned and operated by AngloGold Ashanti plc ("AngloGold Ashanti"). The drilling will be completed by Capital Limited which has extensive experience in drilling out large deposits in Guinea and whose investment arm (Capital DI) heavily participated in Sanu Gold's last financing
- Drilling Commenced: First holes commenced on 28 October. A minimum of 2,000 m of air core and RC drilling in 19 holes is planned.
- Undrilled High Potential Targets: The Diguifara permit features three undrilled, priority targets that cover a cumulative strike length of 3.2 km where auger-in-saprolite samples reach as high as 4.8 g/t Au.
- Vectoring Towards Gold: The targets were selected based on their strong auger gold results from the weathered bedrock and continuity of geochemical and geophysical trends observed for between 0.6 to 2.5Km.
- Proximity to a Large Gold Mine: The project is located only 20 km from the Siguiri Mine which produced 214,000 oz of gold in 20231 and is
85% owned by AngloGold Ashanti.
Martin Pawlitschek, President, and CEO of Sanu Gold commented: "We are excited to have started the inaugural drilling program over our Diguifara permit. Previous phases of work included extensive surface geochemistry, auger sampling of the weathered bedrock underneath the laterite overburden and ground geophysical surveys."
1 References to nearby properties are for information purposes only and there is no assurances that the Company will achieve the same results. https://www.anglogoldashanti.com/portfolio/africa/siguiri/
Program Update:
Drilling at Diguifara commenced at target Dig 1 on 28th of October. The program will include an initial phase of Air Core and RC drilling across three priority targets - Dig 1, Dig 2 and Dig 3 (Figure 1).
Figure 1. Diguifara Permit, Sanu Gold Targets, major mining company permits, regional structures, gold mines and prospects.
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The rig mobilised by Capital is a large multipurpose rig which will complete a combination of Air Core and RC holes across the priority targets at Diguifara (Photo 1). Samples will be collected on site (Photo 2) and sent for gold analysis to MSAlabs in Bamako.
Photo 1: Multipurpose rig from Capital drilling on the first hole at Diguifara target Dig 1.
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Photo 2: Drill samples from the first ever drill hole on the Diguifara project.
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Dig 1
This target is defined by anomalous gold values from saprolite auger sampling. Peak values of up to 4.8 g/t Au have been obtained from the target. The gold trend parallels a feature visible in the chargeability and resistivity geophysics (Figure 2).
Recent ground truthing has also highlighted significant new artisanal mining in the weathered bedrock in the central parts of the anomaly (Photo 3). Material treated by the artisanal miners consists of weathered sediments with veinlets of dark grey to black quartz.
Nine holes for approximately 1000m are planned in phase 1 for the testing of this target.
Figure 2: Dig 1 and Dig 2 targets, surface geochemistry gold anomalies and gold in saprolite anomalous points from auger drilling over ground geophysics image (resistivity)
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Photo 3: Entrance to active artisanal underground workings, inset shows material mined, sediments weathered to saprolite with dark grey quartz veinlets.
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Dig 2
This target is defined by anomalous gold values from saprolite auger sampling, outlining a consistent 1700m long trend up to 280m wide. The gold trend parallels feature visible in the chargeability and resistivity geophysics (Figure 2).
Ten holes for 1000m are planned for the testing of this target.
Dig 3
This gold trend defined in auger saprolite samples trends for 600m in a northwest direction (Figure 3). A total of five holes for 300-400m are planned for testing of this target.
Figure 3: Dig 3 target, surface geochemistry gold anomalies and gold in saprolite anomalous points from auger drilling over ground geophysics image (resistivity).
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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 National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
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
References:
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. 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
When did Sanu Gold (SNGCF) start drilling at the Diguifara project?
How many meters of drilling is planned for Sanu Gold's (SNGCF) Diguifara phase 1 program?
What are the highest gold grades found in auger sampling at Sanu Gold's (SNGCF) Diguifara project?
How close is Sanu Gold's (SNGCF) Diguifara project to the Siguiri gold mine?
