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Sanu Gold Identifies Geophysical Anomalies at the Bantabaye Permit in Guinea, West Africa
Similar Geophysical Response to the Bankan Gold Project Vancouver, British Columbia--(Newsfile Corp. - January 3, 2024) - Sanu Gold Corporation (CSE: SANU) (OTC
About this update from Sanu Gold Corp.
[{"type":"text","content":" Similar Geophysical Response to the Bankan Gold Project Vancouver, British Columbia--(Newsfile Corp. - January 3, 2024) - Sanu Gold Corporation (CSE: SANU) (OTCQB: SNGCF) (\"Sanu Gold\" or the \"Company\") is pleased to report excellent progress on its ground geophysical surveys (the \"Program\") on 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 kilometres (\"km\") south of the multi-million-ounce Lefa Gold Mine and 80 km north of the multi-million-ounce Bankan Gold Project. Highlights: Progress Update: The first phase of data collection is complete on the blocks covering Target 2, which returned 11.4 g/t Au1 over 15 m, including 41.2 g/t Au over 4 m. Good Chargeability Anomaly over Target 2: Similar responses have been reported from other discoveries in Guinea, such as the Bankan Gold Project2 which contains open pit mineral resources totaling 83.6 Mt containing 4.14 Moz of gold at 1.54 g/t Au in the indicated category3 (see Figure 1). Target 2 Anomaly Open in Both Directions: Defined chargeability anomaly open to the east and west of Target 2, with additional data collection across all targets in progress. Drilling Planned for Q1 2024: The primary objective of this survey is to refine target definition for follow up drilling planned to commence in Q1 2024. Martin Pawlitschek, President and CEO commented: \"The first geophysical program on our flagship Bantabaye project is making excellent progress and showing positive responses at Target 2. This information will allow us to map out the strike and geometry of this high priority target. Within the region, induced polarization has proven to be a particularly effective geophysical tool in the discovery and delineation of gold mineralization. The results from this program are being integrated into our database and are being used to guide follow up drilling planned to start in the later part of Q1 2024.\" Figure 1: Map A: Bantabaye North Target 2 chargeability map with surface gold geochemistry points, drill holes and key structures. Orange, red and pink colors indicate zones of elevated chargeability readings. Map B: Bankan Gold Project chargeability map (Source: ASX listed Predictive Di...