RE:RE:Bought the tar out of SCA today...I would not look for any price appreciation till after New Years and markets begin to get back on track. I expect SWA and SCA to be quite active on their JV project and the flow of news will move both of them up. SWA has the advantage of news that will be coming from their Acacia JV as well but from .025 Sca will be a nice winner and that property they have will produce some great news. They need to get a drill turning and then we should see SCA move up slow and steady into the teens . My target here is for a 5 to 8 bagger by June. Couple drill holes like this and it will be there pronto.....
In April of 2013, Savary completed a 35-hole reverse circulation (RC) drilling program totaling 3,470 metres, which was part of a $1.5 million program aimed at investigating a number of high priority targets along the north-northeast trending Ouango-Fitini Shear zone. Results from this limited program are very encouraging, with two new zones of significant mineralization identified in the Kien and Karangosso areas.
Drill highlights include Hole HS-RC-13-63 from the Karangosso area with 9.0 m of 11.16 g/t gold, including 1.0 m of 89.10 g/t gold and Hole HS-RC-13-32 in the Kien zone with 8.0 m of 7.36 g/t gold(see news releases dated April 30, 2013 and May 9, 2013 for details) Avion drilled the eastern branch in 2010 with four holes totalling 740 m. Several significant intersections were reported ranging from 1.1 g/t Au over 2.7 up to 21.1 g/t Au over 4 m core length.
NEW HOLES RETURN 1.52 G/T GOLD OVER 15.70 METRES AND 2.90 G/T GOLD OVER 27.0 METRES
Toronto, Canada – May 14, 2014 – Savary Gold Corp. (TSX-V: SCA) (“Savary”) has received the results of its recently completed drill program that was designed to complete Savary’s earn-in requirements at its Houndé South option property in southwestern Burkina Faso (see figure 1). This program was successful in extending the known gold zones and resulted in the discovery of a series of exciting, new, closely spaced gold zones. A summary of significant results are as follows:
- 2.90 g/t gold over 27.0 metres at Karangosso
- 2.92 g/t gold over 5.60 metres at Karangosso
- 1.51 g/t gold over 15.0 metres at Kien
- 1.52 g/t gold over 15.7 metres at Kien
- 0.87 g/t gold over 19.5 metres at Kien
- 8.90 g/t gold over 3.8 metres at Kien
- 2.34 g/t gold over 7.0 metres at Kien
- 0.89 g/t gold over 28.0 metres at Kien
- 0.89 g/t gold over 30.0 metres at Kien
- 1.36 g/t gold over 15 metres at Kien
- 1.87 g/t gold over 9.0 metres at Kien
- 7.26 g/t gold over 3.0 metres at Kueredougou