Kwanika Copper Corporation Mobilizes Drill Rigs to Kwanika Copper Gold Project, North-Central British Columbia
NR: 2018-10
Kwanika Copper Corporation Mobilizes Drill Rigs to Kwanika Copper Gold Project,
North-Central British Columbia
Vancouver, B.C., June 28, 2018. Serengeti Resources Inc. (SIR: TSX-V) ("Serengeti" or "the Company") is pleased
to announce that Kwanika Copper Corporation, a priv ate company jointly-owned by SERENGETI RESOURCES (6 5%)
and POSCO DAEWOO Corporation (35%), has mobilized t wo diamond drills and technical crews to the Kwanik a
Copper Gold Project as part of the ongoing completi on of a Pre-Feasibility Study (“PFS”). Completion o f the fully
funded PFS is expected in mid-2019.
Two diamond drill rigs are currently on-site at Kwa nika with the goal of completing approximately 8,00 0 meters of
drilling, including 6,600 meters in twelve holes in support of detailed open-pit and underground engineering design and
resource upgrade drilling for the Central Zone, as well as lengthening prior drill hole K-16-179 which intercepted 59
metres grading 0.26% Cu and 0.29 g/t Au and ended i n mineralization at 903 meters (SIR News Release da ted
September 22, 2016). An attempt will be made to re- enter and deepen K-179 by as much as 400 meters to test for a
possible down-faulted extension of Central Zone min eralization at depth. An additional 1,400 meters, c urrently
unallocated, are planned as part of this program to test targets near the Central Zone identified duri ng recent
development of a three-dimensional geological model recently completed in support of the PFS.
ON BEHALF OF THE BOARD
David W. Moore , P. Geo.
President, CEO and Director
Qualified Person
David W. Moore, M.Sc., P. Geo., President and CEO o f Serengeti Resources Inc. and a Qualified Person a s defined by
NI-43-101, has reviewed and approved the technical information in this press release.
About Serengeti Resources Inc.
Serengeti is a mineral exploration company managed by an experienced team of professionals with a soli d track record
of exploration success. The Company is currently a dvancing its Kwanika copper-gold project in partner ship with
POSCO DAEWOO Corporation and exploring its extensiv e portfolio of properties in north-central British Columbia. A
number of these other projects are available for op tion or joint venture and additional information ca n be found on the
Company’s website at www.serengetiresources.com .
Cautionary Statement
This document contains “forward-looking statements” within the meaning of applicable Canadian securities regulations. All statements
other than statements of historical fact herein, in cluding, without limitation, statements regarding e xploration plans and other future
plans and objectives, are forward-looking statement s that involve various risks and uncertainties. Th ere can be no assurance that
such statements will prove to be accurate and futur e events and actual results could differ materially from those anticipated in such
statements. Important factors that could cause actual results to differ materially from our expectations as well as a comprehensive list
of risk factors are disclosed in the Company’s docu ments filed from time to time via SEDAR with the Ca nadian regulatory agencies to
whose policies we are bound. Forward-looking state ments are based on the estimates and opinions of ma nagement on the date the
statements are made, and we do not undertake any obligation to update forward-looking statements should conditions or our estimates
change, other than as required by law and readers are further advised not to place undue reliance on forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the a dequacy or accuracy of this
release.
For further information, please contact Investor Relations:
Paradox Public Relations - Tel: 514-341-0408 / Toll free (in North America) 1-866-460-0408 / Email:
Serengeti Resources Inc. Suite 520 – 800 West Pende r St., Vancouver, BC, V6C 2V6
Tel: 604-605-1300 / Email: [email protected] / Website: www.serengetiresources.com