Sanu Gold Announces Initial 2023 RC Drill Results from the Daina Gold Exploration Permit in Guinea, West Africa: 1.55 g/t Au over 15 m, Including 2.55 g/t Au over 6 m
Sanu Gold Announces Initial 2023 RC Drill
Results from the Daina Gold Exploration
Permit in Guinea, West Africa: 1.55 g/t Au over
15 m, Including 2.55 g/t Au over 6 m
Vancouver, British Columbia--(Newsfile Corp. - May 15, 2023) -
Sanu Gold Corporation (CSE:
SANU) (OTCQB: SNGCF)
("Sanu Gold" or the "Company") is pleased to announce initial results from
the Company's 2023 reverse circulation ("RC") drill program on the Daina 2 Main Zone Target on the
Daina Gold Exploration Permit ("Daina"), located in Guinea's prolific Siguiri Basin, approximately 50
kilometres ("km") northwest of AngloGold Ashanti Limited's Siguiri Mine.
Highlights include:
1.55 g/t Au over 15 m, including 2.55 g/t Au over 6 m
(DAI-RC-044), and
1.03 g/t Au over 10 m, including 6.64 g/t Au over 1 m
(DAI-RC-043)
Martin Pawlitschek, President and CEO of Sanu Gold commented: "The limited initial drilling at our
Daina 2 Main Zone discovery in the 2023 program was designed to continue to test the different vein
orientations observed in surface exposures at this highly prospective target centered on a 4.5 km long
gold-bearing anomaly. While this most recent drilling continued to intersect broad zones of gold
mineralization at the Daina 2 Main Zone, this orientation did not sample the very high grade gold veins
encountered previously at this target. This work will serve to optimize further drill testing along this gold-
bearing structure."
Program Details
Ten RC holes totaling 1,016 meters ("m") have been drilled at the Daina 2 Main Zone in 2023. The
results for the first seven holes, totaling 688 m, have been received and are reported herein (Figure 1).
Results for the remaining three holes, totaling 328 m, are pending. This drilling was designed to test an
alternate drill orientation from the 2022 drilling campaign prior to proceeding with a more systematic drill
test of the 4.5 km Daina 2 target. The new holes were drilled to the southeast, as field measurements
and structural investigations indicated that most high-grade mineralized veins at Daina 2 Main Zone
trend northeast to east-northeast, forming vein sets that crosscut and are preferentially hosted within a
thick southwest dipping greywacke unit. The initial 2023 drill program aimed to intersect these high-
grade vein sets at high angle, as well as a second set of lower grade veins, both of which are targeted by
local miners.
Several of the drill holes reported herein intersected gold mineralization hosted within hydrothermally
altered and deformed coarse-grained greywacke, crosscut by auriferous quartz veins associated with
disseminated pyrite and arsenopyrite in the fresh rock below a 50 m thick saprolite. Broad zones of gold
mineralization have been intersected in the greywacke unit as summarized in Table 1 and Figures 1 and
2.
Significant intercepts from the first seven RC holes of the 2023 program include:
1.55 g/t Au over 15 m
, including
2.55 g/t Au over 6 m
, followed further downhole by 0.60 g/t Au
over 11 m, including 2.34 g/t Au over 1 m (DAI-RC-044),
1.03 g/t Au over 10 m
, including
6.64 g/t Au over 1 m
(DAI-RC-043), and
0.37 g/t Au over 21 m, including 1.19 g/t Au over 1 m followed further downhole by 0.68 g/t Au over
5 m, including 1.82 g/t Au over 1 m (DAI-RC-045).
Structurally-hosted gold mineralization in the major mines in the region typically exhibit multiple and
varying orientations and it is not uncommon to test various drill orientations to best sample both the gold
veins and host lithologies. The intercepts from the 2023 drilling, combined with new structural
interpretations of the mineralizing system, demonstrate that there are likely several veins set occurring
within the system at a different orientation from the bonanza-grade veins intersected in the 2022 RC drill
program (see Sanu Gold news releases date October 3 and 18, 2022). The vein sets intersected during
the current drill program generally have lower grade, but form broad zones of mineralization.
Results returned from the 2022 drill program at the Daina 2 Main Zone which were drilled on an easterly
and westerly azimuth include:
4.75 g/t Au over 21 m
, including
85.5 g/t Au over 1 m
(DAI-RC-004),
1.99 g/t Au over 37 m
, including
32.6 g/t Au over 1 m
, followed further downhole by
1.23 g/t Au
over 15 m
, including
12.3 g/t Au over 1 m
(DAI-RC-001),
5.50 g/t Au over 11 m
, including
56.6 g/t Au over 1 m
(DAI-RC-013).
Based on the results from the drilling completed to date at the Daina 2 Main Zone and structural
information obtained from surface exposures, the Company will evaluate the preferred orientation for
follow-up drilling at this target.
Next Steps
Results for the remaining three holes of the current orientation program are pending and will be released
when received.
A total of 10,000 m of RC drilling is planned to fully and systematically test the 4.5 km long Daina 2
target, one of the largest anomalies on the Daina exploration permit, as well as additional targets at
Daina. The planned program allows for drilling systematic drill fences along the combined 15 km length
of gold-bearing structures which comprise targets 1, 2 and 6 at Daina. The results from the first seven
holes in 2023, along with results from 2022, will assist in guiding the drill orientations for further testing of
this highly prospective permit.
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
was 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.
Figure 1: Daina 2 Main Zone map showing geological and structural features, drill hole surface plan
and highlighted assays results from 2022 and 2023 RC drilling at the Daina 2 Main Zone.
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/8941/165941_5c4bd1f1e46c68dc_001full.jpg
Figure 2: Daina 2 Main Zone cross-sections showing geological and structural interpretation, RC drill
hole traces and highlighted assays results from RC drill holes.
To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/8941/165941_5c4bd1f1e46c68dc_002full.jpg
Table 1: Daina 2 Main Zone RC drill intercepts.
Hole ID
X-UTM
Y-UTM
Intercept
Interval
From
Area
Length
Azimuth
Dip
(m)
(
o
)
(
o
)
(g/t Au)
(m)
(m)
2023 results from the Daina 2 Main Zone Target
DAI-RC-041
503 121
1 319 234
120
125
55
0.56
3
3
Daina 2 Main
Zone
DAI-RC-042
503 180
1 319 188
85
125
55
NSV
Daina 2 Main
Zone
DAI-RC-043
503 190
1 319 110
114
125
55
1.1
1
1
Daina 2 Main
Zone
1.03
10
58
including
6.64
1
62
DAI-RC-044
503 261
1 319 053
85
125
55
1.55
15
18
Daina 2 Main
Zone
including
2.55
6
18
0.43
1
43
0.60
11
43
including
2.34
1
43
DAI-RC-045
503 314
1 318 948
115
125
55
0.37
21
1
Daina 2 Main
Zone
including
1.19
1
13
0.68
5
54
including
1.82
1
58
DAI-RC-046
503 362
1 318 846
80
125
55
NSV
Daina 2 Main
Zone
DAI-RC-047
503 400
1 318 759
89
125
55
0.46
1
72
Daina 2 Main
Zone
Previously Released Results (see Sanu Gold news release dated October 3. 2022)
Hole ID
X-UTM
Y-UTM
Intercept
Interval
From
Area
Length
Azimuth
Dip
(m)
(
o
)
(
o
)
(g/t Au)
(m)
(m)
DAI-RC-001
503315
1319025
75
270
55
1.23
15
1
Daina 2 Main
Zone
including
12.3
1
11
1.99
37
21
including
15.0
1
38
and
32.6
1
54
0.31
1
68
DAI-RC-002
503365
1319021
100
270
55
NSV
Daina 2 Main
Zone
DAI-RC-003
503407
1319030
46
270
55
NSV
Daina 2 Main
Zone
DAI-RC-004
503336
1318964
100
270
55
0.49
1
4
Daina 2 Main
Zone
0.71
9
17
including
1.22
3
23
0.65
3
46
4.75
21
56
including
85.5
1
69
0.33
1
94
DAI-RC-005
503382
1318968
100
270
55
0.33
1
1
Daina 2 Main
Zone
DAI-RC-006
503291
1319080
70
270
55
1.80
7
1
Daina 2 Main
Zone
including
3.29
3
1
0.29
4
19
0.98
3
29
0.34
1
53
DAI-RC-007
503338
1319076
65
270
55
NSV
Daina 2 Main
Zone
DAI-RC-008
503260
1319020
96
270
60
0.36
2
2
Daina 2 Main
Zone
0.43
2
16
1.54
1
27
0.62
4
34
0.36
4
84
DAI-RC-009
503148
1319022
85
90
60
NSV
Daina 2 Main
Zone
DAI-RC-010
503050
1319015
110
90
60
0.44
1
5
Daina 2 Main
Zone
DAI-RC-011
503143
1319090
120
90
60
0.47
1
84
Daina 2 Main
Zone
0.77
1
9
DAI-RC-012
503236
1319078
115
270
70
1.04
15
45
Daina 2 Main
Zone
0.38
1
91
0.51
1
100
0.59
1
108
DAI-RC-013
503276
1318953
110
270
70
5.50
11
80
Daina 2 Main
Zone
including
56.6
1
80
0.51
2
96
DAI-RC-014
503183
1318949
150
90
60
0.67
6
105
Daina 2 Main
Zone
including
2.28
1
105
and
1.28
1
109
DAI-RC-015
502941
1319015
135
90
60
NSV
Daina 2 Main
Zone
Previously Released Results (see Sanu Gold news release dated October 18. 2022)
DAI-RC-022
503499
1318597
90
60
75
2.74
1
0
Daina 2 South
0.25
11
6
0.49
1
26
0.30
2
31
0.45
4
46
DAI-RC-023
503437
1318598
90
60
70
0.50
3
38
Daina 2 South
0.77
1
49
0.54
1
70
DAI-RC-0024
503380
1318598
90
60
85
0.54
6
55
Daina 2 South
including
1.53
1
59
DAI-RC-025
503848
1318196
90
60
65
NSV
Daina 2 Main
Zone
DAI-RC-026
503774
1318195
90
60
75
NSV
Daina 2 Main
Zone
DAI-RC-027
503685
1318193
90
60
71
0.76
7
10
Daina 2 South
Including
1.16
1
10
and
1.04
1
15
DAI-RC-028
503419
1318600
90
55
71
0.60
2
17
Daina 2 Main
Zone
0.37
11
49
DAI-RC-029
503362
1318602
90
55
70
0.48
2
63
Daina 2 Main
Zone
DAI-RC-030-
503023
1319400
90
55
10
2.22
1
3
Daina 2 North
DAI-RC-030-
503021
1319400
90
55
50
0.35
3
5
Daina 2 North
Hole ID
X-UTM
Y-UTM
Intercept
Interval
From
Area
Length
Azimuth
Dip
(m)
(
o
)
(
o
)
(g/t Au)
(m)
(m)
DAI-RC-031
502998
1319397
90
55
78
0.41
4
23
Daina 2 North
DAI-RC-032
503236
1319081
90
55
99
0.56
7
32
Daina 2 Main
Zone
Including
2.11
1
33
DAI-RC-033
503241
1319024
90
55
105
0.40
1
13
Daina 2 Main
Zone
0.81
5
24
Including
2.09
1
28
0.40
1
43
0.30
1
29
0.70
7
58
Including
1.21
2
60
and
1.53
1
64
DAI-RC-034-
503249
1318957
90
60
65
NSV
Daina 2 Main
Zone
DAI-RC-034-
503249
1318958
90
55
120
5.48
15
76
Daina 2 Main
Zone
Including
78.4
1
85
3.69
1
114
DAI-RC-035
502694
1319836
90
55
80
0.51
5
21
Daina 2 North
including
1.43
1
21
0.26
4
56
DAI-RC-036
502714
1319838
90
55
78
0.28
5
9
Daina 2 North
0.91
2
32
Including
1.42
1
33
0.44
1
60
Hole ID
X-UTM
Y-UTM
Intercept
Interval
From
Area
Length
Azimuth
Dip
(m)
(
o
)
(
o
)
(g/t Au)
(m)
(m)
Notes: The Company does not have sufficient information to make a determination of the true widths of the drill hole intersections reported in this
release. Drillhole intercepts are calculated using a minimum downhole length of ≥1 m, a cut-off grade of 0.3 g/t gold, and may include up to 3 m of
internal dilution within the intercept. Only intercepts ≥1 m are reported. Sample intervals are comprised of RC drill chips, which are sampled at regular 1
m intervals. Assays are reported uncut. Grid coordinates are UTM WGS84 Zone 29N. NSV = no significant values.
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 National Instrument
43-101 - Standards of Disclosure for Mineral Projects.
About Sanu Gold
Located within Guinea's Siguiri Basin, a world class gold district that is host to several operating mines
and major new discoveries, Sanu Gold is exploring three high quality gold exploration permits. The
Company has defined multi-kilometer long gold-bearing structures on each of the gold exploration
permits, with multiple high-value drill targets and is targeting multi-million ounce gold discoveries. In its
inaugural drill program in 2022, Sanu Gold discovered the high-grade Daina 2 Main Zone on the Daina
Gold Exploration Permit. Sanu is operated by a highly experienced team, with successful records of
discovery, resource development and mine permitting in West Africa.
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:
Fiona Childe, Ph.D. P.Geo
VP, Corporate Development & Communications
Sanu Gold Corp.
+1 647-473-7268
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 Gold 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 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/165941