Business
Sanu Gold Announces New Drilling Results from its Bantabaye Permit
Vancouver, British Columbia--(Newsfile Corp. - July 10, 2024) - Sanu Gold Corporation (CSE: SANU) (OTCQB: SNGCF) ("Sanu Gold" or the "Company") is pleased to an
About this update from Sanu Gold Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - July 10, 2024) - Sanu Gold Corporation (CSE: SANU) (OTCQB: SNGCF) (\"Sanu Gold\" or the \"Company\") is pleased to announce new drilling results from its Bantabaye project (\"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 once Lefa Gold Mine and 80 km north of the multi-million-ounce Bankan Gold Project2. Highlights: Significant Gold intercepts obtained including: 14 m of 1.94 g/t Au including 1m of 29.89 g/t Au in BANT-RC--048 14 m of 1.50 g/t Au in BANT--RC--031 3m of 9.86 g/t Au including 1m of 26.35 g/t Au in BANT--RC--036 12 m of 1.00 g/t Au in BANT--RC--033 11 m of 1.20 g/t Au in BANT--RC--035 A total of 6,060m in 47 RC drill holes completed across four targets. At Target 2, the felsic rock hosting the gold mineralization has been intercepted over 500 m strike length and to a vertical depth of up to 120m. Target 2 gold mineralization is open both downdip and laterally to the east and west of the drilled area. New high-priority targets are being developed at Daina and Diguifara to be drill tested in H2 of 2024. Martin Pawlitschek, President and CEO commented: \"Drilling at Bantabaye confirmed that the mineralization at Target 2 is consistent along at least 500m of strike, where it remains open laterally and down dip. With the wet season now underway the Company will focus on testing highly prospective new targets at its Daina and Diguifara projects, which are more accessible during this time. The results and data obtained from the drilling at Bantabaye will be evaluated and interpreted for further follow-up work.\" Program details Target 2 A total of 3,330m was drilled in 29 RC holes on eight 50m spaced lines at Target 2 (Figures 1 to 3, Table 1), with the objective of testing the downdip and lateral extension of high-grade gold mineralization intercepted in previous drill holes including 15m of 11.4 g/t Au in BANT-RC-002 (See Sanu Gold news release dated May 17, 2023). Drilling has delineated an east-west trending moderately south dipping gold mineralized structure at Target 2. Highlights from the new drilling results include: BANT-RC-048: 14 m of 1.94 g/t Au from 18 m including 1 m of 29.89 g/t Au from 29 m BANT-...