Tuesday, October 25, 2016

Serengeti Resources Inc. - SIR.v

Serengeti Resources Inc. - SIR.v is focused on development of its Kwanika Copper-Gold project.

Indicated Resources are 1.23b copper and 1.66m ounces of gold plus Inferred Resources of 1.25 billion pounds of copper and 0.91 million ounces of gold. An NI 43-101 suggests a measured resource of 0.48 million gold ounces, indicated resources of 3.71 million gold and inferred 0.76 million gold ounces.

On October 20, 2016 the company released News

Serengeti Resources Inc. has identified a very strong induced polarization (IP) geophysical anomaly associated with a strong copper-zinc-gold soil geochemical response and favourable altered volcanic host rocks, on its 100-per-cent-held UDS property located seven kilometres northeast of the former producing Kemess South open-pit mine, now owned by Aurico Metals Inc.

On September 22, 2016 the company released News

"Serengeti Resources Inc. (SIR:TSX-V) reports the results of a recently completed drilling program on its Kwanika copper-gold resource stage project located in Quesnel Trough of British Columbia. Three holes were completed totaling 2,446 metres ("m") and included an intercept of 438m grading 0.71% Cu, 0.83 g/t Au within the Kwanika Central Zone resource shell. The second hole intersected a broad, gold anomalous interval within highly altered andesites potentially lying above a separate buried mineralized centre, some 500m to the north. The third and deepest hole essentially ended in copper-gold mineralization on the northwest edge of the Central Zone, indicating the system appears to be increasing in grade and remains open to depth in this direction.

Drill hole K-177 was designed to test; a) the up-dip and down-dip edges of the Central Zone, b) test for lateral continuity of the monzonite-hosted, supergene-enriched copper zone that caps the deposit and c) assist in resource modeling and future definition drilling of the Central Zone. K-177 met all these objectives and encountered some of the highest grades intersected in the zone to date, for instance 19.04 % Cu , 6.52 g/t Au over 3.6m within a 233.6m interval grading 1.18% Cu, 1.3 g/t Au.