Vancouver, B.C., April 20, 2023. Sanu Gold Corporation (CSE: SANU; OTCQB: SNGCF) (“Sanu Gold” or the “Company”) is pleased to announce it has contracted and mobilized a second reverse circulation (“RC”) drill rig, with drilling underway at the Company’s flagship Bantabaye gold exploration permit (“Bantabaye” or the “Permit”) in Guinea, West Africa. The Company has planned a 10,000 metre (“m”) drill target testing program for Bantabaye, which 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.
- Drilling at Bantabaye commenced with Phase 1, comprising 2,500 metres (“m”) of a larger 10,000 m planned program of target testing.
- Six key targets will receive initial drill testing during Phase I and results will prioritise subsequent drilling.
- The drill rig is now fully mobilized at site and the drilling commenced on April 19, 2023.
Martin Pawlitschek, President and CEO of Sanu Gold commented: “We are looking forward to the initial testing of these high value targets at our flagship project. The results and learning from this initial round of drill testing will allow us to optimise future phases of the drill program at Bantabaye, which hosts several large, high tenor gold targets that are being drill tested for the first time.”
Bantabaye Phase I RC Drill Program
The Bantabaye Phase I drill program is comprised of 2,500 meters in approximately 25 RC drill holes to test six key targets to vertical depths of 50 to 100 m. Phase I will drill test a range of targets defined by termite mound gold geochemistry and high grade gold in rock chip and auger samples, combined with geological mapping. Phase I will prioritize Targets 2, 3, 4, 6, 7 and 8 (Figure 1); subsequent phases of drilling will then continue throughout the Permit to test several additional target areas.
Daina RC Drill Program Update
As previously announced, the Company commenced the 2023 drill program at the Daina Gold Exploration Permit (“Daina”) and to date a total of 688 m in seven RC drill holes have been completed at the Daina 2 Main Zone. Drilling is temporarily suspended at Daina as the drill contractor awaits additional equipment and is expected to recommence as soon as the required equipment arrives on site. Drill chip samples from the first seven holes have been sent to an independent laboratory for analysis, with results pending. Assay results for these holes will be released by the Company when received.
The scientific and technical information contained in this press release has been reviewed and approved by Serigne Dieng, Ph.D., M.Sc., a Member (MAIG) of the Australian Institute of Geoscientists (AIG), Exploration Manager of the Company and a qualified person within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About Sanu Gold
Located within Guinea’s Siguiri Basin, a world class gold district that is host to several operating mines and major new discoveries, Sanu Gold is exploring three high quality gold exploration permits. The Company has defined multi-kilometer long gold-bearing structures on each of the gold exploration permits, with multiple high-value drill targets and is targeting multi-million ounce gold discoveries. In its inaugural drill program in 2022, Sanu Gold discovered the high-grade Daina 2 Main Zone on the Daina Gold Exploration Permit. Sanu is operated by a highly experienced team, with successful records of discovery, resource development and mine permitting in West Africa.
President & CEO, Sanu Gold Corp.
For further information regarding Sanu Gold, please visit the Company’s website at www.sanugoldcorp.com or contact:
Fiona Childe, Ph.D. P.Geo
VP, Corporate Development & Communications
Sanu Gold Corp.