Base Metals

The company said that the fully-funded 2018 drilling program is part of the ongoing Kwanika pre-feasibility study scheduled for completion in mid-2019.

Serengeti Resources (TSXV:SIR) has reported the first batch of assay results from the 2018 drilling campaign completed at the Kwanika project in north-central BC.

The company said that the fully-funded 2018 drilling program is part of the ongoing Kwanika pre-feasibility study scheduled for completion in mid-2019.

As highlighted in the press release:

  • K-180: 0.80 grams per tonne (g/t) gold, 0.64 percent copper, 2.08 g/t silver (2.15 g/t gold equivalent) over 513.9 m, from 33.00 to 546.9 m, including 0.68 g/t gold, 1.02percent copper, 3.07 g/t silver (2.82 g/t gold equivalent) over 101.5 m, from 33.00 to 134.5 m, and 1.71 g/t gold, 0.81 percent copper, 2.58 g/t silver (3.42 g/t gold equivalent) over 168.2 m, from 257.00 to 425.2 m
  • K-181: 0.46 g/t gold, 0.64 percent copper, 1.95 g/t silver (1.81 g/t gold equivalent) over 319.62 m, from 215.98 to 535.5 m, including 1.03 g/t gold, 1.25 percent copper, 3.49 g/t silver (3.66 g/t gold equivalent) over 95.37 m, from 215.98 to 311.4 m

Serengeti President and CEO, David W. Moore said:

“These outstanding results are from the first two holes of our 2018 drill program at Kwanika. The long intervals show excellent grades near surface within the potential open pit domain, and also demonstrate that strong gold and copper-rich mineralization is present within the potential underground domain outlined in our 2017 PEA. We’re looking forward to incorporating the full set of results from this year’s drilling into a revised resource estimate which is a priority input into the prefeasibility study scheduled for completion mid-2019.”

Click here to read the full Serengeti Resources (TSXV:SIR) press release.

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