Sanu Gold Engages Simone Capital
Sanu Gold Engages Simone Capital
Vancouver, British Columbia--(Newsfile Corp. - January 24, 2024) -
Sanu Gold Corporation (CSE:
SANU) (OTCQB: SNGCF)
("Sanu Gold" or the "Company") is pleased to announce that it has retained
the services of Simone Capital Corp. ("Simone") to provide investor relations and capital markets
advisory services.
Simone have been engaged to heighten market awareness through its proprietary database. Simone
will co-ordinate road shows with retail brokers, portfolio managers, analyst and individual investors on
behalf of the Company. In conducting this marketing and advertising program, Simone will employ
several different communication methods, including phone calls and emails.
The consulting agreement with Simone is effective immediately, on a month-to-month basis. Simone will
receive a monthly fee of $6,500. Simone is in Toronto, Ontario
1
, and principally owned and operated by
Anthony Simone and Matthew Benedetto, both shareholders of the Company.
Martin Pawlitschek, President and CEO, commented: "As we start the year with a significant work
program underway at our Bantabaye gold project, we are looking forward to working with Simone
Capital."
About Bantabaye
Sanu Gold's flagship Bantabaye project lies on the western margin of Guinea's prolific Siguiri Basin,
approximately 50 km south of the multi-million ounce Lefa Gold Mine and 80 km north of the multi-million
ounce Bankan Gold Project, one of the most significant new gold discoveries in West Africa in recent
years.
In H1 2023, the Company completed an inaugural drill program at Bantabaye, comprised of 3,198 m in
28 reverse circulation ("RC") drill holes. This work provided an initial test of three of ten target areas and
resulted in a near-surface, high-grade discovery at Target 2, with
11.4 g/t Au over 15 m, including 41.2
g/t Au
over 4m
starting at 36 m downhole.
In Q3 2023, the Company conducted a rock chip and channel sampling program at Target 7, within a
700 m long area extensively worked by small-scale artisanal miners located 1.4 km east of Target 2.
Channel sampling of mineralized exposures returned
1.2 g/t Au over 40 m, including 5.4 g/t Au over
4 m
and
1.1 g/t Au over 43 m, including 4.2 g/t Au over 6 m
; both channels were continuously
mineralized along their length and ended in mineralization. Rock chip samples returned up to
189.7 g/t
Au
(see Sanu Gold news releases dated Sept. 6 and 12, 2023).
Positive initial cyanide leach test results completed in Q4 2023 returned
92 to 93% average gold
recoveries
from the main mineralized rock types drilled in the inaugural program, demonstrating highly
favorable gold recoveries may be achieved with cyanide leaching (see Sanu Gold news release dated
November 16, 2023).
In Q4 2023, the Company announced the commencement of a ground geophysics program with up to 90
line km of Gradient Array IP/Resistivity, up to 9 line km of Pole-Dipole Array IP/Resistivity and up to 90
line km of Ground Mag planned. Preliminary results show a zone of elevated chargeability and resistivity
coincident with Target 2 and extending for at least 300 m to the west of the area drilled and a similar
distance to the east (see Sanu Gold news releases dated Dec. 12, 2023 and Jan. 3, 2024). This survey
is ongoing and additional results will be reported when received and interpreted. The primary objective
of this work is to refine target definition for follow up drilling, which is planned to commence later in Q1
2024.
About Sanu Gold
Sanu Gold is a publicly traded exploration company focused on a portfolio of highly prospective gold
projects in Guinea, West Africa's Siguiri Basin.
West Africa is the number one gold mining region in the world and Guinea's Siguiri Basin is a prolific, yet
underexplored part of this region. Despite being home to both long-lived multi-million ounce gold mines
and recently commissioned gold mines, Guinea's Siguiri Basin continues to produce important new gold
discoveries.
Sanu Gold has defined multi-kilometer long gold-bearing structures on each of its three exploration
permits and is targeting near-surface multi-million ounce gold discoveries. Initial drill programs on the
first two permits drilled have yielded high-grade gold discoveries. The Company is operated by a highly
experienced team, with successful records of discovery, resource development and mine permitting
across West Africa.
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.
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:
Anthony Simone
Martin Pawlitschek
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,
including local mining regulations and surface area reductions of permit areas, 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
Full contact information for Simone is available on its website.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/195391