This property that SCA has JVed with SWA is prime ground in a proven gold belt. It is right next to the ground that SWA just signed JV deal with Acacia (African Barrick) on. Barrick already has drills turning on that ground two weeks after closing deal. Look at some of the past results and the sampling results that SCA and SWA just did. For 2.5 cents this is a no brainer buy !!
TORONTO, ONTARIO--(Marketwired - Oct. 1, 2014) - Savary Gold Corp. (TSX VENTURE:SCA) ("Savary") announce newly documented results of historic drill intercepts on the Kueredougou West zone on the Houndé South property in southwestern Burkina Faso (
see figure). The Hounde South property forms part of the recently announced joint venture between Savary (65%) and Sarama Resources Ltd (35%). Savary is the operator of the joint venture.
A summary of significant results* are as follows:
- 2.90 g/t gold over 22.0 metres - RC hole
- 1.75 g/t gold over 8.0 metres - RC hole
- 1.64 g/t gold over 20.0 meters - RC hole
- 1.42 g/t gold over 14.0 metres - RC hole
- 9.38 g/t gold over 2.0 meters - RC hole
- 1.91 g/t gold over 21.0 metres - RAB hole
- 1.73 g/t Au over 6.0 metres - RC hole
* These results are based on historic drill data that cannot be validated without re-drilling select holes as no reverse circulation chips are available for review. A summary of the assay composites are provided at the end of this release.
Don Dudek, President and CEO of Savary commented "These historic intercepts recently came to our attention during our continued review the property data with a goal toward developing a cost effective exploration program. These new results further emphasize what we perceive is the excellent exploration potential of the Houndé South property. To date we have not found the limits of any of the gold-bearing systems with the major gold-in-soil trends demonstrating the potential extent of individual mineralized trends. Thus it is with confidence that Savary, along with our partners Sarama look forward to validating these results with follow-up holes of our own, further testing and extending the known zones and the discovery of new centres of gold mineralization."