Sanu Gold Expands Footprint of Key Targets at the Bantabaye Permit in Guinea, West Africa
Sanu Gold Expands Footprint of Key Targets
at the Bantabaye Permit in Guinea, West
Africa
Vancouver, British Columbia--(Newsfile Corp. - February 13, 2024) -
Sanu Gold Corporation (CSE:
SANU) (OTCQB: SNGCF)
("Sanu Gold" or the "Company") is pleased to announce the results of a
recently completed infill termite mound and soil sampling program on the Company's Bantabaye gold
exploration permit ("Bantabaye" or the "Permit") in Guinea, West Africa. The Permit which lies on the
western margin of Guinea's prolific Siguiri Basin, is located approximately 50 kilometres ("km") south of
the multi-million-ounce Lefa Gold Mine and 80 km north of the multi-million ounce Bankan Gold Project.
1
Highlights:
Footprint of key target areas expanded:
New results have been integrated into the project
database to assist in delineating drill targets.
Prominent gold anomalies between the Bantabaye Thrust Fault and the Tinkisso Fault:
There is a 4.5 km overall trend coincident with the main structural corridor.
Strong gold signature:
Consistent anomalies delineated at >0.1 g/t Au in surface geochemistry
with one termite mound sample returning a maximum of 1.94 g/t Au
2
Martin Pawlitschek, President and CEO commented: "The infill termite mound and soil sampling has
been highly effective in increasing the resolution of the east-west oriented surface gold anomalies at
Bantabaye. The results from this work show coherent and expanded gold anomalies that parallel the
main interpreted structural zones over key target areas, where initial drilling in 2023 returned
11.4 g/t Au
over 15 m
3
, including 41.2 g/t Au over 4 m
."
"This new data will form an integral part of the overall project database, which includes very promising
preliminary results from our ongoing ground geophysics program, with the overall objective of defining
our next round of drill targets. The work program continues, with drilling planned to commence before
quarter-end," continued Mr. Pawlitschek.
Program Summary
A total of 934 termite mound and soil samples were collected on a 50 by 100 m grid covering a 5 km
2
area with north-south trending lines in Bantabaye North. The samples were analyzed for their gold
content, with 44 of 934 samples returning values over 0.2 g/t Au (Table 1). The results of this work better
define the high-priority target areas previously outlined by surface sampling, auger, and reverse
circulation ("RC") drilling (Figure 1).
Results highlight prominent east west to east northeast trending gold anomalies within the structural
corridor between the Bantabaye Thrust Fault and the Tinkisso Fault. This gold trend extends for over 4.5
km and is coincident with mapped and interpreted east-west to east-northeast trending felsic and mafic
units that host the gold mineralization in this area. These felsic and mafic units were previously
intercepted in initial drilling in 2023 at Target 2 (returning 11.4 g/t Au over 15 m, including 41.2 g/t Au
over 4 m) and at Target 7 (returning 1.2 g/t Au¹ over 40 m¹, including 5.4 g/t Au over 4 m in channel
BANT-TR-03).
Results of this infill sampling program provide excellent resolution of the surface gold footprint of Targets
1, 2, 3, 4, 7 and 8 (Figure 1). Field investigations and terrain analysis suggest that gold anomalies at
Targets 1, 2, 3, 7 and 8 are located close to and on top of primary mineralised structures (Figure 1).
Targets 4, 5, 6 and 9 while extensive are in more complex regolith covered areas that involve a
component of transport and dispersion (Figure 1).
Results indicate the occurrence of multiple sets of strong, parallel northwest-trending gold anomalies that
form en echelon fracture systems within the structural corridor between the Bantabaye Thrust Fault and
the Tinkisso Fault. Individual gold-bearing anomalies coincident with structures are up to 1 km in length
and locate within a 5 km long mineralized corridor.
Figure 1:
Location expanded footprint of termite mound and soil gold anomalies at Bantabaye North,
with ground geophysics program, interpreted geology and key target areas.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8941/197687_caab2d3104543a57_001full.jpg
Table 1 :
Bantabaye North infill termite mound and soil sampling results.
Au range (ppb)
<25
25-50
50-100
100-200
200-2,000
Number of Samples
516
162
75
63
44
Minimum
0.01
25
51
101
201
Maximum
25
49
100
196
1945
Next Steps
These results are very helpful in firming up the extent of the east west trending mineralized structures and
together with the ongoing program of ground geophysics (IP and ground magnetics), are being
integrated into the overall project database to finalize a follow up drill program to start in late Q1, which
will include follow up on the previous drill result of
11.4 g/t Au
4
over 15 m, including 41.2 g/t Au over
4m
at Target 2 from the 2023 drilling program.
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 ''Leach Well geochemical analysis LWL69M'' at the SGS Laboratory in Ouagadougou,
Burkina Faso ("SGS"). SGS is an internationally recognized and commercially certified laboratory and is
independent of Sanu Gold.
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
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.
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
Simone Capital
416-881-5154
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
References to nearby projects is for information purposes only and there is no assurances that the Company's projects will achieve the same
results.
2
grams of gold per tonne ("g/t Au").
3
metres ("m"); The Company does not have sufficient information to make a determination of the true widths of the drill hole intersections; see
Sanu Gold news releases dated May 17 and July 27, 2023, for additional information.
4
metres ("m"); The Company does not have sufficient information to make a determination of the true widths of the drill hole intersections; see
Sanu Gold news releases dated May 17 and July 27, 2023, for additional information.
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