Sanu Announces New High Priority Targets from Ground Geophysics at the Daina Exploration Permit in Guinea, West Africa
Sanu Announces New High Priority Targets
from Ground Geophysics at the Daina
Exploration Permit in Guinea, West Africa
Vancouver, British Columbia--(Newsfile Corp. - March 22, 2024) -
Sanu Gold Corporation (CSE:
SANU) (OTCQB: SNGCF)
("Sanu Gold" or the "Company") is pleased to announce positive results
from the recent ground geophysics program completed on the Company's Daina Gold Exploration
Permit ("Daina"), located in the prolific Siguiri Basin of Guinea, West Africa.
Highlights
Targets Ready to Drill:
There are large targets
highlighted at Daina 1 South and Daina 6 targets.
Gold at Surface:
Past drilling, recent trenching and rock chip sampling demonstrate high-grade
gold mineralization at these targets:
9 m of 7.97 g/t Au in trench DAI-TR-007 at Daina 1 South,
Rock chip samples as high as 61.6 g/t Au, 22.3 g/t Au and 20 g/t Au across the Daina 1
South and Daina 6 target areas.
1m of 36.2 g/t Au from drill hole DAI-RC-021 at Daina 6
Size and Scale:
The geophysical surveys have identified significant trends of chargeability and
resistivity in the areas of known gold mineralization and along the trend of the surface gold
anomalies which extend for over 1 km at both the Daina 1 and Daina 6 targets.
Martin Pawlitschek, President, and CEO of Sanu Gold commented: "The relatively small programs of
induced polarization (IP) over some of our key targets at Daina extensive strike lengths of highly
interesting suggest chargeability and resistivity trends, in many cases aligned with our surface gold
geochemistry. These initial surveys and their results demonstrate that this type of survey also adds value
at the Daina permit. While in the near term Bantabaye remains the main focus, the survey results confirm
that significant strike length of mineralized structures remain untested."
Program Summary
The ground geophysical survey program consisted of 21 line-km of 200m spaced and east-west
oriented Gradient Induced Polarization (IP) lines.
Four blocks have been completed covering all priority
targets including the Daina 1 South, Daina 1 North, Daina 2 Main Zone, and Daina 6 target areas within
the Daina Project.
The survey was completed by SAGAX Afrique of Ouagadougou, Burkina Faso using the IP method.
SAGAX is well experienced in these types of surveys over many other deposits in the region. This
release reports on the results from the Daina 1 South and Daina 6 targets. Compilation of results from
Daina 2 and Daina 1 North are still ongoing.
The objective of this ground geophysical survey program was the detection and delineation of
geophysical features (chargeability and resistivity) and structures which may indicate favorable zones for
gold mineralization in the covered targets and to help further with assessing the potential of the targets
for future drill testing. The results of this program show that the IP surveys delineate distinct features that
help map the mineralized zones and that there is significant undrilled strike potential at Daina 1 South
and Daina 6.
Daina 1 South
The Program consists of six east-west oriented lines, totaling 6.3 line Km of 200m spaced of Gradient
Array IP/Resistivity (Figure 1). The survey identified the presence of a large zone of high chargeability
trending NNW, following the main trend of the gold anomalies defined by auger sampling and surface
geochemistry.
This area of elevated chargeability extends for at least 1.2 km and is open to the south. The trend of high
chargeability is close to recent results obtained at Daina 1 South (Figure 1):
Trench DAI-TR-007: 9 m of 7.97 g/t Au, including 3 m of 21.75 g/t Au and
Auger hole: 3 m of 6.59 g/t Au, including 2 m of 6.48 g/t Au (DAI-AUG-1250) and 9 m of 2.26 g/t
Au, including 2 m of 9.78 g/t Au (DAI-AUG-1246) from the 2021/2022 auger programs
High-grade gold in rock chip samples including 61.6 g/t Au, 16.2 g/t Au and 12.8 g/t Au (Figure 1).
Daina 6 Target
The geophysics survey consisted of four east-west oriented lines, totaling 5.5 line Km of 200m spaced of
Gradient Array IP/Resistivity (Figure 2). The results from this survey indicate that the Daina 6 target sits
in an extensive zone of high chargeability trending NNW (Figure 2). This area of elevated chargeability is
open to the south and the north and is consistent with observations of rock chips in auger, RC holes and
exposed saprolite in artisanal working pits that consist of strongly hydrothermally altered coarse-grained
greywacke invaded by zones of quartz vein stockwork and breccia with high-sulphide content (Pyrite and
arsenopyrite) and boxwork after oxidized, disseminated sulphide in fractures and breccia zones that
contain the high-grade gold mineralization.
Previous results at Daina 6 include 8 m of 1.97 g/t Au, including 2 m of 7.36 g/t Au (DAI-AUG-1164) (see
Sanu Gold news release dated July 29, 2022), 9 m of 1.2 g/t Au (DAI-TR-015) and 3 m of 4.66 g/t Au,
including 1 m of 12.6 g/t Au (DAI-TR-016) and high grades in rock chips samples collected in working
pits including 10.6 g/t, 9.11 g/t, 7.02 g/t, 6.56 g/t, 6 g/t, 3.47 g/t, 3.09 g/t, and 2.79 g/t Au (Figure 2).
These rock chips samples consisted of strongly hydrothermally altered coarse-grained greywacke
invaded by zones of quartz vein stockwork and boxwork that contain high gold mineralization (see Sanu
Gold news release dated March 15, 2024.
Next Steps
While the Company is focused on preparing the for the drilling program at Bantabaye, it will in parallel
evaluate and progress the key targets on its other properties for future drill testing. Additional data from
Daina includes IP from targets Daina 1 North and Daina 2, where previous drilling returned very
encouraging drill intercepts. The data from these two targets is still being processed and evaluated and
will be released as soon as this is finalized.
Figure 1:
Target Daina 1 South, Chargeability trend with anomalies, rock samples, trenches, drill collars
and artisanal workings.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8941/202690_46bae130a401fb06_001full.jpg
Figure 2:
Target Daina 6 Chargeability trend with anomalies, rock samples, trenches, drill collars and
artisanal workings.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8941/202690_46bae130a401fb06_002full.jpg
Quality Assurance / Quality Control ("QA/QC")
Sampling was completed following industry best practices, conducted under the supervision of the
Company's project geologists and the chain of custody from the project to the sample preparation facility
as continuously monitored. An appropriate number and type of certified reference materials (standards)
and blanks totaling 5% of the total number of samples shipped to the laboratory was inserted
approximately every 20th sample to ensure an effective QA/QC program was carried out. Data
verification of the analytical results included a statistical analysis of the standards and blanks that must
pass certain parameters for acceptance to ensure accurate and verifiable results. All samples were
analyzed using Fire Assay FAA505 at the SGS Laboratory in Bamako, Mali ("SGS"). SGS is an
internationally recognized and commercially certified laboratory and is independent of Sanu Gold.
The Company is being advised on the IP survey by
in3D Geoscience Inc.,
an independent geophysical
consulting firm based in British Columbia.
The data collection survey is subject to standard contractors'
protocols including:
daily checking of equipment
signal/noise ratio monitoring.
Checking of extreme readings
Verification of equipment locations
Monitoring of measurement cycles
Data is checked at the end of each day by a team at the SAGAX Head Office.
Sanu's geophysicists and SAGAX regularly review and discuss the progress of the work, program
adjustments, data quality and modelling parameters.
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.
The technical information with respect to the geophysical data contained in this press release has been
reviewed and approved by Todd Ballantyne, P.Geo., a member of Engineers and Geoscientists of
British Columbia, independent geophysical consultant (through in3D Geoscience Inc.) to the Company
and a qualified person within the meaning of NI 43-101.
About Sanu
Located within the world class Siguiri Basin, host to several operating mines, Sanu is exploring three
high quality gold exploration permits in Guinea, West Africa targeting multi-million-ounce gold
discoveries. The Company has defined multi-kilometer scale gold bearing structures on each of the gold
exploration permits, with multiple high-value drill targets. 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
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. Although Sanu 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, permits 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; and 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 and general competition in the mining industry. 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/202690