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Sanu Gold Announces Channel Sampling from the Bantabaye Permit: 1.1 g/t Au over 43 m, Including 4.2 g/t Au over 6 m
Vancouver, British Columbia--(Newsfile Corp. - September 6, 2023) - Sanu Gold Corporation (CSE: SANU) (OTCQB: SNGCF) ("Sanu Gold" or the "Company") is pleased t
About this update from Sanu Gold Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - September 6, 2023) - Sanu Gold Corporation (CSE: SANU) (OTCQB: SNGCF) (\"Sanu Gold\" or the \"Company\") is pleased to announce first results from a channel sampling program at the Company's flagship 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 km1 south of the multi-million ounce Lefa Gold Mine and 80 km north of the multi-million ounce Bankan Gold Project. Highlights The first channel at Target 7 returned an average of 1.1 g/t Au1 over 43 m1, including 4.2 g/t Au over 6 m (BANT-TR-1), The channel sampled strongly sheared and hydrothermally altered felsic volcanics and retuned gold mineralization over its entire 43 m length, with individual samples returning up to 13.5 g/t over 1 m, Channel BANT-TR-1 is located within the central part of Target 7, where initial drilling intersected gold mineralization along a 500 m long section of the Tinkisso Fault, and Rock chip samples from Target 7 returned grades of up to 25.2 g/t Au. Martin Pawlitschek, President and CEO, commented: \"Initial drilling at Bantabaye earlier this year was successful in intersecting broad zones of near-surface gold mineralization in three of the four target areas tested, including a high-grade discovery at Target 2, which is open in all directions, and a broad zone of gold mineralization at Target 7 that has been a focus for intense artisanal mining. During our current drill hiatus through the peak of the wet season, we have conducted follow up surface work in key areas to prioritize targets for our next phase of drilling. The results announced today are extremely encouraging and point to the potential of this extensive, structurally-hosted, gold mineralized corridor.\" Target 7 Channel BANT-TR-01 sampled a 43 m long extent of saprolitized bedrock at 1 m intervals at Target 7 from new exposures created by the construction of drill roads and pads (Figures 1 and 2; Table 1). The objective of this sampling was to further test the mineralized felsic intrusive intersected by the first phase of reverse circulation (\"RC\") drilling (see Sanu Gold news release dated July 27, 2023). The northeast trending channel contains highly sheared, strongly hydrothermally ...