Serengeti Stakes Multiple Targets in North-Central British Columbia Following Geoscience BC Search III Data Release
NR: 2018-02
Serengeti Stakes Multiple Targets in North-Central British Columbia
Following Geoscience BC Search III Data Release
Vancouver, B.C., March 1, 2018, Serengeti Resources Inc. (SIR: TSX-V) ("Serengeti" or "the Company") announces the
staking of eight new mineral properties resulting from data generated as part of the Geoscience BC Search III program released
January 23rd, 2018. Following the release, Serengeti staked a total of 7,670 hectares in north-central BC based on the new high-
resolution magnetic and K/Th radiometric data available. A first -pass exploration program is planned for 2018 on all eight
properties to prioritize the properties and develop the best strategy for future exploration targeting.
Arjay
Arjay is located twelve kilometres west of Johanson Lake within a wedge of Takla Group volcanic rocks intruded by Early
Jurassic quartz-diorite plutons. Numerous MINFILE occurrences at Arjay report native copper within volcanics on the property, in
addition to bornite, chalcopyrite, chalcocite and tetrahedrite within shear zones. The high-resolution Search III data identified a
strong magnetic anomaly over the Arjay area with notable spherical highs, and K/Th radiometric data outlines several distinctly
anomalous areas that may represent hydrothermal alteration assemblages.
Far East – LaForce
The Far East – LaForce property is located 18 kilometres east of the past -producing Kemess South open pit along the
underexplored contact between an Early Jurassic intrusive batholith and Takla Group volcanics. Results of the Search III survey
shows a distinct elongated magnetic anomaly truncated on the southern and eastern margins, as well as several discreet high
K/Th radiometric anomalies characteristic of potassic alteration assemblages. A regional geochemical survey stream sediment
sample taken on the Far East – LaForce property assayed 110ppm Cu and 200 g/t Ag. Work in the area has yielded grab
sample results up to 6.8 g/t Au on a property currently held by a third party, and the area may represent a possible source for the
McConnell Creek placer gold deposits.
TrUM
The TrUM property was staked based on highly anomalous nickel and cobalt geochemical values draining a pr ominent Late
Paleozoic to Triassic ultramafic plug highlighted by the Search III magnetic dataset. Notable stream sediment values on the
property include 1,177 ppm Ni and 87 ppm Co, both of which occur within the top 50 strongest nickel and cobalt values from the
regional geochemical surveys province -wide. TrUM occurs within an area that has not had any previous exploration for
ultramafic-hosted nickel-cobalt systems despite permissive geological features.
Other Properties
Five additional properties were staked following the Search III data release and a review of regional geochemical data and
historical work reports. All properties host anomalous magnetic and K/Th radiometric responses that were relatively undefined in
previous airborne surveys and each property has the potential for the discovery of porphyry Cu-Au and in one case ultramafic Ni-
Co style systems.
Serengeti Presiden t & CEO, David W. Moore stated , “ Use of th is new public data -set has enabled Serengeti to acquire
properties with excellent exploration potential, that may have been overlooked during earlier work , in a very cost-effective
manner. We look forward to getting boots on the ground on these targets this coming field season”.
Page 2 of 2
Serengeti Resources – 2018 Geoscience BC Search III Staking
Property Area (Ha) Staking Rationale
1. Arjay 1,212 Strong magnetic anomaly with associated stream sediment copper anomalies
and numerous MINFILE occurrences reporting numerous copper occurrences.
2. East Copper King 1,600 Strong magnetic anomaly in valley bottom associated with stream sediment
copper anomalism.
3. East Niv 943 Strong magnetic anomaly with historical Induced-Polarization
chargeability/resistivity anomaly on Takla/Hazelton boundary.
4. ET 522 Notable defined magnetic response with strong stream sediment copper anomaly
within Hogem Intrusive Suite.
5. Far East - LaForce 775 Coincident magnetic/radiometric anomaly in valley with impressive copper-silver
stream sediment results.
6. Notch 288 Strong, defined magnetic anomaly in valley bottom within the Hogem Intrusive
Suite.
7. TrUM 706 Ultramafic plug with expansive magnetic response and strong Ni-Co stream
sediment anomaly.
8. West Goldway 1,624 Strong magnetic anomaly near intrusive contact with Takla Group; strong stream
sediment copper results.
TOTAL 7,670
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 POSCO Daewoo
Corporation 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 o n 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 Canadian regulatory requirements as set
out in National Instrument 43 -101, and reviewed by the Company’s qualified person, David W. Moore, P. Geo., President and
CEO of Serengeti Resources Inc.
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 materiall y 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 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