Sanu Gold Announces Plans for Imminent First-Ever Drill Program at Diguifara Gold Permit
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.
Sanu Gold (CSE: SANU) (OTCQB: SNGCF) ha annunciato piani per il suo primo programma di perforazione al Permesso d'Oro di Diguifara in Guinea. Il progetto, situato a soli 20 km dalla miniera d'oro Siguiri di AngloGold Ashanti, presenta tre obiettivi ad alta priorità ancora non perforati che coprono una lunghezza di strike di 3,2 km. Il programma iniziale, che inizierà alla fine di ottobre, prevede un minimo di 2.000 m di perforazione a cielo aperto e RC in 19 pozzi.
La perforazione è completamente finanziata attraverso recenti investimenti strategici da parte di AngloGold Ashanti e Capital DI. Sanu Gold ha formato un comitato tecnico congiunto con AngloGold Ashanti per pianificare l'esplorazione a Diguifara. Gli obiettivi sono stati scelti sulla base di caratteristiche prospettiche sovrapposte, inclusi dati su cumuli di termiti, auger e campioni di substrato, insieme a geofisica. I campioni anomali di auger nel suolo hanno raggiunto punteggi fino a 4,8 g/t Au.
Sanu Gold (CSE: SANU) (OTCQB: SNGCF) ha anunciado planes para su primer programa de perforación en el Permiso de Oro Diguifara en Guinea. El proyecto, ubicado a solo 20 km de la mina de oro Siguiri de AngloGold Ashanti, cuenta con tres objetivos de alta prioridad aún no perforados que cubren una longitud de strike de 3,2 km. El programa inicial, que comenzará a finales de octubre, incluye un mínimo de 2,000 m de perforación a aire y RC en 19 pozos.
La perforación está completamente financiada a través de recientes inversiones estratégicas de AngloGold Ashanti y Capital DI. Sanu Gold ha formado un comité técnico conjunto con AngloGold Ashanti para planificar la exploración en Diguifara. Los objetivos fueron seleccionados en base a características prospectivas superpuestas, incluyendo montículos de termitas, auger y datos de muestras de roca, junto con geofísica. Las muestras de auger en el suelo han alcanzado hasta 4.8 g/t Au.
Sanu Gold (CSE: SANU) (OTCQB: SNGCF)은 기니의 디기파라 골드 퍼밋에서 최초의 드릴 프로그램 계획을 발표했습니다. 이 프로젝트는 앵글로골드 아샨티의 시구리 금광에서 불과 20km 떨어진 곳에 위치하고 있으며, 세 개의 우선적으로 조사할 고급 목표가 3.2km의 스트라이크 길이를 포함하고 있습니다. 초기 프로그램은 10월 말에 시작될 예정이며, 19개의 구멍에서 최소 2,000m의 에어코어 및 RC 드릴링이 포함됩니다.
드릴링은 앵글로골드 아샨티와 캐피탈 DI의 최근 전략적 투자를 통해 전액 자금이 지원됩니다. Sanu Gold는 디기파라에서 탐사를 계획하기 위해 앵글로골드 아샨티와 공동 기술 위원회를 구성했습니다. 목표는 흰개미 더미, 오거 및 지층 샘플 데이터와 함께 지구 물리학을 포함한 중첩된 전망 특성을 바탕으로 선택되었습니다. 이상 징후가 있는 오거 토양 샘플은 최대 4.8 g/t Au에 도달했습니다.
Sanu Gold (CSE: SANU) (OTCQB: SNGCF) a annoncé des plans pour son tout premier programme de forage au permis d'or de Diguifara en Guinée. Le projet, situé à seulement 20 km de la mine d'or Siguiri d'AngloGold Ashanti, présente trois cibles prioritaires non explorées couvrant une longueur de 3,2 km. Le programme initial, prévu pour commencer fin octobre, comprend un minimum de 2 000 m de forage à air et RC dans 19 trous.
Le forage est entièrement financé grâce à des investissements stratégiques récents d'AngloGold Ashanti et de Capital DI. Sanu Gold a formé un comité technique commun avec AngloGold Ashanti pour planifier l'exploration à Diguifara. Les cibles ont été sélectionnées sur la base de caractéristiques prospectives superposées, y compris des données sur les monticules de termites, des échantillons de tarière et de substrat, ainsi que la géophysique. Des échantillons de tarière anormaux dans le sol ont atteint jusqu'à 4,8 g/t Au.
Sanu Gold (CSE: SANU) (OTCQB: SNGCF) hat Pläne für sein erstes Bohrprogramm im Diguifara Gold Permit in Guinea angekündigt. Das Projekt, das nur 20 km von der Goldmine Siguiri von AngloGold Ashanti entfernt liegt, umfasst drei unerkundete, hochpriorisierte Ziele mit einer Streckenlänge von 3,2 km. Das anfängliche Programm, das Ende Oktober beginnen soll, umfasst mindestens 2.000 m Luftkern- und RC-Bohrungen in 19 Löchern.
Die Bohrungen sind vollständig finanziert durch kürzliche strategische Investitionen von AngloGold Ashanti und Capital DI. Sanu Gold hat einen gemeinsamen technischen Ausschuss mit AngloGold Ashanti gebildet, um die Erkundung in Diguifara zu planen. Die Ziele wurden basierend auf überlappenden vielversprechenden Merkmalen ausgewählt, einschließlich Daten von Termitenhügeln, Bohrungen und Gesteinsproben sowie Geophysik. Anomale Bohrproben im Boden erreichten Werte von bis zu 4,8 g/t Au.
- First-ever drill program at Diguifara Gold Permit, indicating potential for new gold discoveries
- Strategic investments from AngloGold Ashanti and Capital DI fully fund the drilling program
- Joint technical committee with AngloGold Ashanti for exploration planning, leveraging their experience
- High-grade gold samples up to 4.8 g/t Au from auger-in-soil sampling
- Proximity to AngloGold Ashanti's Siguiri Mine (221,000 oz gold annual production)
- Unproven project with no previous drilling, indicating exploration risk
- Results from the drilling program are uncertain and may not meet expectations
Drilling fully funded through recent strategic investments from AngloGold Ashanti and Capital DI.
Vancouver, British Columbia--(Newsfile Corp. - October 18, 2024) - Sanu Gold Corporation (CSE: SANU) (OTCQB: SNGCF) ("Sanu Gold" or the "Company") is pleased to announce 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
- Undrilled High Potential Targets: The Diguifara permit features three undrilled high priority targets that cover a cumulative strike length of 3.2 km where anomalous auger-in-soil samples reach as high as 4.8 g/t Au.
- Vectoring Towards Gold: The targets were selected based on overlapping prospective features with data sources that include termite mound, auger and bedrock sample data along with geophysics.
- Collaborative Approach to Discovery: The Company has formed a joint technical committee with AngloGold Ashanti to plan all exploration at Diguifara and benefits greatly from AngloGold Ashanti's deep experience in Guinea.
- Initial Program Imminent: A minimum of 2,000 m of air core and RC drilling in 19 holes is planned with equipment currently being mobilized and drilling expected to begin in the second half of October.
- Proximity to a Large Gold Mine: The project is located only 20 km from the Siguiri Mine which currently produced 221,000 oz of gold annually1 and is
85% owned by AngloGold Ashanti.
Martin Pawlitschek, President, and CEO of Sanu Gold commented: "We are excited to be preparing for 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 Summary:
Equipment and field crews are in place on Diguifara to prepare for the upcoming drilling program which will include access roads and drill pad preparations as well as community engagement. Drilling is scheduled to begin in the second half of October. The program has been designed together with AngloGold Ashanti (AGA) and will include an initial phase of Air Core and RC drilling across three priority targets - Dig 1, Dig 2 and Dig 3.
Figure 1. Diguifara Permit, Sanu Gold Targets, major mining company permits, regional structures, gold mines and prospects.
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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 (Figure 3). Material treated by the artisanal miners consists of weathered sediments with veinlets of dark grey to black quartz.
Four holes for a total of 400-500m 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 1: 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. 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
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 will Sanu Gold's drilling program at Diguifara begin?
How many meters of drilling are planned for Sanu Gold's Diguifara project?
What is the highest gold grade found in soil samples at Diguifara for SNGCF?
How close is Sanu Gold's Diguifara project to AngloGold Ashanti's Siguiri mine?
