Serengeti Resources Outlines Exceptional Drill Target at Croy-Bloom Property

Serengeti Resources(TSXV:SIR) has reported that geophysical surveys at its Croy-Bloom property in British Columbia have resulted in the discovery of a strong induced-polarization target.

According to the release, a total of 11.5 line-kilometres of IP were completed over the Croy-Bloom property in 2018. Croy-Bloom lies immediately east and south of Centerra Gold’s Kliyul gold copper property and is road accessible, 85 kilometres southeast of the Kemess mine.

As quoted in the press release:

The 2018 IP program, the first such survey at Soup Ridge, resulted in the discovery of a large chargeability and coincident resistivity anomaly beneath where shallow historical drilling completed by Vital Pacific in 1997 intersected several mineralized intercepts, including 47 metres grading 0.27 grams per tonne (g/t) gold and 0.61 percent copper in VP-97-02. Relogging of VP-97-01 by Serengeti Resources in 2014 discovered a previously unsampled diorite porphyry hosting disseminated chalcopyrite grading 3.1 g/t gold and 0.97 percent copper. Additionally, soil geochemical values from extensive prior sampling outline a very strong copper-gold geochemical anomaly along the entirety of Soup Ridge. Below the geochemical anomaly and depth extent of historical drilling lies a strong chargeability (>15 mV/V) and coincident resistivity (> 10,000 ohm-m) target starting approximately 250 metres below surface extending to depth and measuring roughly 500 metres in width.

President and CEO of Serengeti, David W Moore said:

“The new IP geophysical data coupled with ­­a strong geochemical target and respectable historical drill results identifies a multi-parameter gold-copper drill target at Soup Ridge, and when combined with the numerous other mineralized occurrences on the property, demonstrates that Croy-Bloom is an outstanding property with high potential for discovery of a porphyry system.”

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