Serengeti Acquires NSR Royalties on Thor Marmot and Deer Lake Copper-Gold Properties
Thor Marmot hosts several porphyry copper-gold prospects on a large property located immediately south of the Kemess mine property now owned by Centerra Gold.
Serengeti Resources (TSXV:SIR) has announced that it has acquired Net Smelter Return (NSR) royalties of 0.75 percent on each of the Thor Marmot and Deer Lake properties located in the Kemess district and Kamloops mining districts in British Columbia British Columbia from Electrum Resource Corporation.
According to Serengeti, Thor Marmot hosts several porphyry copper-gold prospects on a large property located immediately south of the Kemess mine property now owned by Centerra Gold. Deer Lake covers numerous gold-copper skarn/porphyry occurrences with prior near surface drill intercepts including 0.99 grams per tonne (g/t) gold over 14 meters. In addition to the NSR’s, Serengeti also acquired a right of first refusal (ROFR) on any disposition of the properties by Electrum during a period of five years.
As quoted in the press release:
Thor-Marmot property comprises 9,300 hectares and includes five Minfile occurrences of porphyry style copper-polymetallic mineralization with the principal target characterized by potassically altered Takla andesitic volcanics cut by monzonite dykes with prior intercepts in limited shallow drilling including 0.11 percent copper, 0.04 g/t gold over 157 meters. Copper soil geochemistry and a partially defined IP geophysical anomaly suggest a one kilometer long target lies in an adjacent, previously untested valley bottom.
Deer Lake property comprises 5,535 Hectares and covers twelve Minfile occurrences of skarn and porphyry style gold-polymetallic mineralization hosted in Triassic-age Nicola volcano-sedimentary rocks cut monzonitic intrusives. Best intercepts in prior shallow drilling include, 0.33 g/t gold, 0.1 percent copper, 0.007 percent molybdenum over 96 meters and 0.99 g/t gold over 14 meters in a second area.
Click here to read the full Serengeti Resources (TSXV:SIR) press release.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1811.30 | +1.26 | |
Silver | 19.88 | +0.02 | |
Copper | 3.61 | -0.10 | |
Palladium | 1965.07 | +9.98 | |
Platinum | 891.26 | +2.98 | |
Oil | 108.46 | +2.70 | |
Heating Oil | 3.96 | +0.13 | |
Natural Gas | 5.62 | 0.00 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â