July 18, 2024 7:30 AM EDT | Source: Sanu Gold Corp.
Vancouver, British Columbia–(Newsfile Corp. – July 18, 2024) – Sanu Gold Corporation (CSE: SANU) (OTCQB: SNGCF) (“Sanu Gold” or the “Company”) is excited to announce a forthcoming comprehensive follow-up program, involving geophysics and drilling, at new high-priority targets, Daina 1 North and Daina 1 South, located within the Daina Exploration Permit in the prolific Siguiri Basin, Guinea, West Africa.
Key Highlights:
- Untapped Potential: The presence of significant gold trends on the Daina permit that remain untested indicates the substantial size potential of Daina 1 North and Daina 1 South, presenting significant opportunities for new discoveries.
- Extension of Known Discoveries: Recent IP geophysics have showcased that mineralization at Daina 2 extends well beyond previously drilled areas, indicating further exploration potential.
- High-Grade Surface Gold: Historical and recent exploration activities have unveiled high-grade gold mineralization at the surface, including findings such as 9m at 7.97 g/t Au from trench DAI-TR-007 at Daina 1 South and rock chip samples up to 61.6 g/t Au at Daina 1 South and Daina 6.
- Significant Trends: Geophysical surveys have identified substantial chargeability and resistivity trends correlating with gold mineralization, underscoring the need for further investigation.
Martin Pawlitschek, President and CEO of Sanu Gold, remarked: “The outcomes of our initial IP surveys at Daina have been highly promising, revealing clear trends that align with surface gold anomalies. These findings will inform our upcoming drilling campaigns to unlock the full potential of these targets.”
Exploration Plan
Daina Permit Overview
The Daina permit consists of two priority gold targets, Daina 1 North and Daina 1 South, which have not been systematically drilled yet. The permit also contains numerous artisanal gold workings, most notably in the oxidized bedrock at Daina 1 South, Daina 6, and Daina 1. Situated to the south of a large gold mining operation by AngloGold Ashanti, the Daina permit holds significant promise for advanced gold prospects in its vicinity.
Daina 1 South
The gradient IP survey conducted at Daina 1 South earlier this year revealed a 1.2 km zone with elevated chargeability trending NNW, aligning with significant gold anomalies from auger sampling and surface geochemistry.
Additional Insight: By exploring areas newly exposed by artisanal mining activities, the upcoming IP surveys are likely to reveal further opportunities for high-grade gold mineralization at Daina 1 South.
Daina 1 North
The program at Daina 1 North showcased a resistivity trend extending over 1 km in a North-South orientation earlier this year. With high-grade gold values in saprolite from auger sampling and scout RC drilling, Daina 1 North presents a compelling target for future exploration.
Additional Insight: The IP coverage expansion at Daina 1 North is expected to lead to the discovery of new high-grade gold potential, aligning with the existing trend delineated in geophysics.
Daina 2
The gradient IP geophysics at Daina 2 this year defined a well-developed resistivity trend associated with several drill intercepts and the main artisanal pit. Known for its high-sulfide content, Daina 2 showcases promising gold mineralization potential.
Additional Insight: The defined IP resistivity trend at Daina 2 is likely to guide future exploration activities towards identifying new zones of gold mineralization.
Next Steps
The Company will commence fieldwork on the IP geophysics extensions after the wet season passes towards the end of September. The data acquired from this phase will inform a comprehensive Air Core drill testing program over the most promising sections of the priority targets.
Quality Assurance / Quality Control (“QA/QC”)
The Company is implementing industry best practices for sampling and geophysical data collection, ensuring accurate and verifiable results. Additionally, the expert oversight of in3D Geoscience Inc. further enhances the quality control measures of the exploration program.
Qualified Person
Serigne Dieng, a qualified person, has reviewed and approved the scientific and technical information contained in this press release in accordance with NI 43-101.
About Sanu
Positioned in the Siguiri Basin, Sanu is actively exploring high-quality gold exploration permits in Guinea, West Africa, targeting significant gold discoveries. The Company’s experienced team is dedicated to unlocking the full potential of these permits through systematic exploration and drilling campaigns.
Martin Pawlitschek
President & CEO, Sanu Gold Corp.
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
The news release outlines forward-looking statements, emphasizing the risks and uncertainties associated with mineral exploration. Sanu Gold remains committed to transparent and responsible exploration practices while navigating the challenges and opportunities in the mining industry.
July 18, 2024 7:30 AM EDT | Source: Sanu Gold Corp.
Vancouver, British Columbia–(Newsfile Corp. – July 18, 2024) – Sanu Gold Corporation (CSE: SANU) (OTCQB: SNGCF) (“Sanu Gold” or the “Company”) is excited to announce a forthcoming comprehensive follow-up program, involving geophysics and drilling, at new high-priority targets, Daina 1 North and Daina 1 South, located within the Daina Exploration Permit in the prolific Siguiri Basin, Guinea, West Africa.
Key Highlights:
- Untapped Potential: The presence of significant gold trends on the Daina permit that remain untested indicates the substantial size potential of Daina 1 North and Daina 1 South, presenting significant opportunities for new discoveries.
- Extension of Known Discoveries: Recent IP geophysics have showcased that mineralization at Daina 2 extends well beyond previously drilled areas, indicating further exploration potential.
- High-Grade Surface Gold: Historical and recent exploration activities have unveiled high-grade gold mineralization at the surface, including findings such as 9m at 7.97 g/t Au from trench DAI-TR-007 at Daina 1 South and rock chip samples up to 61.6 g/t Au at Daina 1 South and Daina 6.
- Significant Trends: Geophysical surveys have identified substantial chargeability and resistivity trends correlating with gold mineralization, underscoring the need for further investigation.
Martin Pawlitschek, President and CEO of Sanu Gold, remarked: “The outcomes of our initial IP surveys at Daina have been highly promising, revealing clear trends that align with surface gold anomalies. These findings will inform our upcoming drilling campaigns to unlock the full potential of these targets.”
Exploration Plan
Daina Permit Overview
The Daina permit consists of two priority gold targets, Daina 1 North and Daina 1 South, which have not been systematically drilled yet. The permit also contains numerous artisanal gold workings, most notably in the oxidized bedrock at Daina 1 South, Daina 6, and Daina 1. Situated to the south of a large gold mining operation by AngloGold Ashanti, the Daina permit holds significant promise for advanced gold prospects in its vicinity.
Daina 1 South
The gradient IP survey conducted at Daina 1 South earlier this year revealed a 1.2 km zone with elevated chargeability trending NNW, aligning with significant gold anomalies from auger sampling and surface geochemistry.
Additional Insight: By exploring areas newly exposed by artisanal mining activities, the upcoming IP surveys are likely to reveal further opportunities for high-grade gold mineralization at Daina 1 South.
Daina 1 North
The program at Daina 1 North showcased a resistivity trend extending over 1 km in a North-South orientation earlier this year. With high-grade gold values in saprolite from auger sampling and scout RC drilling, Daina 1 North presents a compelling target for future exploration.
Additional Insight: The IP coverage expansion at Daina 1 North is expected to lead to the discovery of new high-grade gold potential, aligning with the existing trend delineated in geophysics.
Daina 2
The gradient IP geophysics at Daina 2 this year defined a well-developed resistivity trend associated with several drill intercepts and the main artisanal pit. Known for its high-sulfide content, Daina 2 showcases promising gold mineralization potential.
Additional Insight: The defined IP resistivity trend at Daina 2 is likely to guide future exploration activities towards identifying new zones of gold mineralization.
Next Steps
The Company will commence fieldwork on the IP geophysics extensions after the wet season passes towards the end of September. The data acquired from this phase will inform a comprehensive Air Core drill testing program over the most promising sections of the priority targets.
Quality Assurance / Quality Control (“QA/QC”)
The Company is implementing industry best practices for sampling and geophysical data collection, ensuring accurate and verifiable results. Additionally, the expert oversight of in3D Geoscience Inc. further enhances the quality control measures of the exploration program.
Qualified Person
Serigne Dieng, a qualified person, has reviewed and approved the scientific and technical information contained in this press release in accordance with NI 43-101.
About Sanu
Positioned in the Siguiri Basin, Sanu is actively exploring high-quality gold exploration permits in Guinea, West Africa, targeting significant gold discoveries. The Company’s experienced team is dedicated to unlocking the full potential of these permits through systematic exploration and drilling campaigns.
Martin Pawlitschek
President & CEO, Sanu Gold Corp.
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
The news release outlines forward-looking statements, emphasizing the risks and uncertainties associated with mineral exploration. Sanu Gold remains committed to transparent and responsible exploration practices while navigating the challenges and opportunities in the mining industry.
