Sanu Gold Announces New Discovery from Initial Drill Program at the Daina Gold Exploration Permit in Guinea, West Africa
Sanu Gold Announces New Discovery from
Initial Drill Program at the Daina Gold
Exploration Permit in Guinea, West Africa
Vancouver, British Columbia--(Newsfile Corp. - October 3, 2022) - Sanu Gold Corporation (CSE:
SANU) ("Sanu Gold" or the "Company") is pleased to announce significant gold assay results from the
first holes of its initial reverse circulation ("RC") drill program (the "Program") on the Daina Gold
Exploration Permit ("Daina" or the "Permit") in Guinea, West Africa, including results from the Daina 2
Main Zone discovery.
Highlights from the Daina 2 Main Zone:
4.75 g/t Au over 21 m
1
, including 85.5 g/t Au over 1 m
, in DAI-RC-004,
1.99 g/t Au over 37 m
,
including 32.6 g/t Au over 1 m and 15.0 g/t Au over 1 m
, as well as
1.23 g/t Au over 15 m
,
including 12.3 g/t Au over 1 m
in DAI-RC-001,
5.50 g/t Au over 11 m, including 56.6 g/t Au over 1 m
in DAI-RC-013,
1.80 g/t Au over 7 m
,
including 3.29 g/t Au over 3 m
in DAI-RC-006, and
1.04 g/t Au over 15 m
in DAI-RC-012.
Martin Pawlitschek, President and CEO of Sanu Gold commented: "We are extremely pleased to
announce a new gold discovery at our Daina Gold Exploration Permit in Guinea. Over the past several
months we have been working to systematically define multi-kilometer long gold mineralized trends, and
in our first drill holes intersected several high-grade gold intercepts at the Daina 2 Main Zone. Drilling
has begun to define a moderately-dipping mineralized structure intersected on the three 65 m spaced
lines drilled to date. As we progress through this first and subsequent phases of drilling, we will continue
to test the downdip extent of the Daina 2 Main Zone, as well as lateral extensions along its potentially 4
km long strike extent."
Program Details
The Program commenced in early August, 2022 and is now complete, with 3,675 m drilled in 40 RC
holes at the Daina 1, Daina 2 and Daina 6 targets. The Program was designed to provide an initial drill
test below high-grade gold in rock chip samples from artisanal working pits at the Daina 2 and Daina 6
targets and strong gold in auger bedrock anomalies at the Daina 1, Daina 2 and Daina 6 targets. For
additional information on the rock chip and auger sampling programs, see the Sanu Gold news releases
dated July 29, August 3 and September 9, 2022.
Daina 2 Target including Daina 2 Main Zone Discovery
A total of 2,609 m were drilled in 31 RC holes at the Daina 2 target to test an initial 2 km length of the
potentially 4 km long mineralized corridor. Assay results have been received for the first 14 holes (DAI-
RC-001 to -013 and DAI-RC-015), which have begun to outline a gold mineralized structure on three 65
m spaced lines in the central portion of the target, termed the Daina 2 Main Zone. Initial assay results
from the Daina 2 Main Zone include multiple high-grade gold intercepts as summarized in Table 1,
Figures 1 and 2 and the highlights section above.
An additional five holes were drilled on the Daina 2 Main Zone (DAI-RC-014 and DAI-RC-032 to -34 B;
Figure 2). DAI-RC-034A was lost near the top of the prospective horizon and was redrilled as DAI-RC-
034B; assay results for these remaining holes are pending. A further 14 holes were drilled at the Daina 2
target on sections up to 1,000 m north and 1,000 m south of the Daina 2 Main Zone, with assays
pending.
The gold mineralization encountered to date within the Daina 2 Main Zone is associated with strongly
deformed, hydrothermally altered and folded, coarse-grained greywacke containing quartz vein
stockwork and breccia and pervasive disseminated pyrite and arsenopyrite. Key alteration associated
with the gold mineralization is silicification. Interpretation of the potentially gold-bearing alteration and
deformation zones demonstrates that the mineralized structure strikes north-northwest and dips
moderately to the west, with a potential width of up to 50 m, and hosting several sub-parallel zones of
gold mineralization with widths approaching 40 m (Figure 2). The RC drill holes intercepted deep
saprolite horizons which extend to depths of up to 50 m.
The initial results reported herein confirm the saprolite-hosted gold mineralization reported from the
auger drill program at the Daina 2 Main Zone extends to depth and suggest the potential for a significant
north-south strike extent of mineralization in this target area.
Daina 6 Target
A total of 607 m was drilled in 6 RC holes at the Daina 6 target to test the depth extension of high-grade
gold in rock chip samples from artisanal workings and a well-defined gold in auger bedrock anomaly.
Assay results from the first 4 holes returned short intervals of anomalous gold mineralization up to 0.70
g/t Au over 4 m in the first 2 holes and no significant gold values in the next 2 holes (Table 2). Assay
results for the final 2 holes from the Daina 6 target are pending.
Daina 1 Target
Two fences of two holes each were drilled at the Daina 1 target, for a total of 324 m in 4 RC holes to test
strong gold in auger bedrock anomalies.
Assay results for all holes from the Daina 1 target are pending.
Next Steps
Sanu Gold geologists are currently compiling data from the Program with geological and structural
information from areas where new artisanal mining activities have exposed previously unknown zones of
gold mineralization to aid the current geological and structural model for the Daina 2 Main Zone
discovery. This information, together with pending results from the Program will aid in planning the next
round of drilling at Daina, which the Company intends to commence in early November.
Further results from the Program are expected to be released in Q4/2022.
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.
Sample pulps from select holes are being sent to a secondary independent laboratory for verification.
Figure 1: Daina 2 target map showing geological and structural features, drill hole surface plan and
highlighted initial assays results from the RC drilling of the Daina 2 Main Zone.
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/8941/139153_75f2476394c69b21_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/8941/139153_sanufigure2.jpg
Table 1: Daina 2 Main Zone RC drill intercepts.
Hole ID
X-UTM
Y-UTM
Intercept
Interval
From
Prospect
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
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-0002
503365
1319021
100
270
55
NSV
Daina 2
DAI-RC-0003
503407
1319030
46
270
55
NSV
Daina 2
DAI-RC-0004
503336
1318964
100
270
55
0.49
1
4
Daina 2
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-0005
503382
1318968
100
270
55
0.33
1
1
Daina 2
DAI-RC-0006
503291
1319080
70
270
55
1.80
7
1
Daina 2
including
3.29
3
1
0.29
4
19
0.98
3
29
0.34
1
53
DAI-RC-0007
503338
1319076
65
270
55
NSV
Daina 2
DAI-RC-0008
503260
1319020
96
270
60
0.36
2
2
Daina 2
0.43
2
16
1.54
1
27
0.62
4
34
0.36
4
84
DAI-RC-0009
503148
1319022
85
90
60
NSV
Daina 2
DAI-RC-0010
503050
1319015
110
90
60
0.44
1
5
Daina 2
DAI-RC-0011
503143
1319090
120
90
60
0.47
1
84
Daina 2
0.77
1
9
DAI-RC-0012
503236
1319078
115
270
70
1.04
15
45
Daina 2
0.38
1
91
0.51
1
100
0.59
1
108
DAI-RC-0013
503276
1318953
110
270
70
5.50
11
80
Daina 2
including
56.6
1
80
0.51
2
96
DAI-RC-0015
502941
1319015
135
90
60
NSV
Daina 2
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 and high-grade sub-intervals are highlighted. Grid coordinates are UTM WGS84 Zone 29N. NSV = no
significant values.
Table 2: Daina 6 target RC drill intercepts.
Hole ID
X-UTM
Y-UTM
Intercept
Interval
From
Prospect
Length
Azimuth
Dip
(m)
(
o
)
(
o
)
(g/t Au)
(m)
(m)
DAI-RC-0016
501758
1319112
120
270
55
0.39
1
42
Daina 6
0.30
1
51
DAI-RC-0017
501735
1319140
100
270
55
0.70
4
1
Daina 6
0.34
2
32
DAI-RC-0018
501651
1319111
95
90
70
NSV
Daina 6
DAI-RC-0019
501633
1319151
95
90
55
NSV
-
-
Daina 6
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 the world class Siguiri Basin, host to several operating mines, Sanu Gold 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:
Fiona Childe
VP, Corporate Development & Communications
Sanu Gold Corp.
John Boidman
Renmark Financial Communications Inc.
+1 (514) 939-3989; +1 (212) 812-7680
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 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.
1
g/t Au = grams of gold per tonne, m = metres
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/139153