Serengeti Announces Completion of Drill Programs at Milligan West and UDS Projects
NR: 2017-12
Serengeti Announces Completion of Drill Programs at Milligan West and
UDS Projects
Vancouver, B.C., October 04, 2017, Serengeti Resources Inc. (SIR: TSX-V) announces that the Company’s fall exploration
drilling programs on the Milligan West and UDS properties are now completed. The Company views both programs as having
successfully achieved their objectives. Drill core from both Milligan West and UDS is being processed, extensively sampled and
partial shipments have been submitted to the laboratory. Assay results will be reported on when available.
Milligan West Property
The Company announces that 1220 metres of drilling in three holes were completed on the Milligan We st property between
September 9th and September 27th and the drill has been demobilized. All three holes tested a very strong induced polarization
(IP) geophysical anomaly located on the Milligan West property, four kilometres west of the currently producing Mt. Milligan Mine
owned by Centerra Gold Inc. The holes encountered sulphide-bearing rocks consistent with the geophysical target being tested
including intrusive rocks believed to belong to the Milligan Mine intrusive suite. Given the preliminary geological observations, it
is evident that the drilling has provided a vector and direction in which to pursue further work on the property in the futur e which
could include additional geophysics and drilling. The Milligan West property is owned 56.3% by Serengeti and 43.7 % by
Fjordland Exploration Inc., who are jointly funding the current program.
UDS Property
The Company further announces that 1140 met res of drilling in three holes were completed on the UDS property between
September 16th and 28th and the drill has been demobilized. The three holes were spaced between 330 and 650 metres apart
and were drilled in a roughly triangular pattern testing a st rong induced polarization (IP) and flanking magnetic anomaly located
in a covered valley b ottom, seven kilomet res northeast of the former Kemess South open pit Cu -Au mine. All three holes
encountered variably to intensely altered rocks including Takla volcanics and porphyritic monzonite intrusive rocks conta ining
locally abundant sulphides and magnetite which are thought to be (at least) partly responsible for the geophysical signatures
tested. Preliminary interpretation of the lithologies encountered in all three holes and the intensity of the alteration observed,
suggests they are consistent with those present in the immediate vicinity of the other copper-gold deposits in the Kemess district.
The UDS property is 100% owned by Serengeti.
“It is already very evident to us that additional drilling is warranted on the UDS property. I eagerly await the incorporation of this
new drilling data including the assay results into our subsurface geological interpretation in preparation for future drilling” stated
David Moore, President & CEO of Serengeti.
About Serengeti Resources Inc.
Serengeti is a mineral exploration company managed by an experienced team of professionals with a solid track record of
exploration success. The Company is currently advancing its Kwanika copper -gold project in partnership with Daewoo Minerals
Canada and exploring its extensive portfolio of properties in the highly prospective Quesnel Trough of British Columbia. A
number of these other projects are available for option or joint venture and additional information can be found on the
Company’s website at www.serengetiresources.com.
ON BEHALF OF THE BOARD
David W. Moore, P. Geo., President, CEO and Director
Quality Assurance/Quality Control
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set
out in National Instrument NI 43-101 and reviewed by the Company’s Qualified Person, David W. Moore, P. Geo., President and
CEO of Serengeti Resources Inc.
Page 2 of 2
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, including, without limitation, statements regarding exploration plans and other future plans and
objectives, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will
prove to be accurate and future events and actual results could differ materially from tho se 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 ar e disclosed in the
Company’s documents filed from time to time via SEDAR with the Canadian regulatory agencies to whose policies we are bound. Forward-
looking statements are based on the estimates and opinions of management on the date the statements are made, and we do not u ndertake
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 adequacy 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 [email protected]
Serengeti Resources Inc. Suite 520 – 800 West Pender St., Vancouver, BC V6C 2V6
Tel: 604-605-1300 Email: [email protected] Website: www.serengetiresources.com