Business
Sanu Gold Announces New High Grade Gold Zone on the Bantabaye Permit in Guinea, West Africa: 20.9 g/t Au in Bedrock
Vancouver, British Columbia--(Newsfile Corp. - April 18, 2023) - Sanu Gold Corporation (CSE: SANU) (OTCQB: SNGCF) ("Sanu Gold" or the "Company") is pleased to a
About this update from Sanu Gold Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - April 18, 2023) - Sanu Gold Corporation (CSE: SANU) (OTCQB: SNGCF) (\"Sanu Gold\" or the \"Company\") is pleased to announce the discovery of a new zone of high grade gold mineralization in the Target 6 area of the Bantabaye gold exploration permit (\"Bantabaye\" or the \"Permit\") in Guinea, West Africa. The Permit is located on the western margin of Guinea's prolific Siguiri Basin, approximately 50 kilometres (\"km\") south of the multi-million once Lefa Gold Mine and 80 km north of the multi-million ounce Bankan Gold Project. Highlights Bedrock sampling of the zone returned gold values of 20.9 grams of gold per tonne (\"g/t Au\"), 17.2 g/t Au, and 1.37 g/t Au from new artisanal workings over a 400 by 150 metre ('m\") area (Table 1 and Figure 1). Gold mineralization within the new zone is located within Target 6, a previously identified 850 by 300 m gold anomaly, as defined by termite mound sampling and auger drilling coincident with a NNW striking shear zone. Geological mapping has demonstrated that this zone of high-grade gold mineralization is associated with strongly deformed and hydrothermally altered volcanoclastic rocks with intense quartz veinlet and stockwork development, shearing, and pervasive disseminated boxwork after sulphide. Martin Pawlitschek, President and CEO commented: \"The discovery of a new zone of high grade gold mineralization within the Target 6 area at Bantabaye points to the highly prospective nature of our flagship property. Given the number, quality and extent of target areas Sanu Gold has delineated to date, we are very exited for the upcoming inaugural drill program at Bantabaye. We look forward to updating the market on the mobilization of a drill rig to Bantabaye shortly.\" Previous Work and Planned 2023 Drill Program Previously completed auger drilling by the Company at Bantabaye has outlined a total of ten high-priority targets consisting of extensive and continuous zones of gold in bedrock anomalies extending over a cumulative 9 km strike length. The 10 target areas identified to date at Bantabaye form a series of NNW and NE trending gold-bearing lineaments that are coincident with interpreted local structures. High gold grades of up to 18.3 g/t Au have previously been returned from bedrock samples collected from artisanal workings at Targets ...