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Savary Gold SVVYF

"Savary Gold Corp is a Canadian exploration company. The company operates in the operating segment of acquisition, exploration, and evaluation of properties. The group is focused on the exploration and evaluation of its Karankasso gold project located in Burkina Faso, Africa. The property includes five exploration licences totaling around 688 square kilometer."


GREY:SVVYF - Post by User

Post by stoktikon Apr 18, 2016 8:48am
171 Views
Post# 24778072

News.here they go

News.here they go

Mr. Don Dudek of Savary reports

SAVARY GOLD COMMENCES DRILLING AT KARANKASSO PROJECT

Savary Gold Corp. and Sarama Resources Ltd. commenced drilling on the Karankasso project on April 16, 2016, as scheduled. The Karankasso JV project, located in southwestern Burkina Faso, is currently 65 per cent owned by Savary and 35 per cent owned by Sarama Resources.

The recommended and approved drill program totalling 6,500 metres in 45 to 55 holes is currently designed to follow up on four of the six zones that contain resources and to test new targets, with a continuing overall goal to increase the overall resources and to discover new zones. Zone drilling comprises approximately 53 per cent of the currently planned drill metres. Follow-up holes will further target extensions to the known zones and any new discoveries that demonstrate superior potential to lower the discovery cost/ounce of resource.

"Our first six to eight core holes will test both existing and new gold-mineralized systems that, in the field, display, what management believes, demonstrates the best potential that we have developed to date, for both size and grade," stated Don Dudek, president and chief executive officer of Savary. "Once these holes are completed, follow-up reverse circulation holes are designed to test for extensions to known zones, for new gold occurrences, new conceptual targets. As always, we eagerly anticipate the assay results."

A total of 30 holes comprising 4,235 metres have been planned to date representing 65 per cent of the budgeted metres. Approximately 25 per cent of the program's drill metres will be core holes, with the remainder RC holes. Additional holes will be planned once these initial holes are drilled and supporting assay or visual results are received. It is expected that the drill program will take approximately six weeks to complete.

Market ing

Savary recently participated in a C-Suite TMX-sponsored video interview presentation that can be viewed on-line.

During the interview, Mr. Dudek summarizes the company's flagship Karankasso project, recent milestones, catalysts, including the recently initiated drill program, working in Burkina Faso and its positive relationship with the TSX Venture Exchange.

Mr. Dudek was also interviewed by Dr. Allen Alper of the MetalNews website. The interview is titled "Dr. Alper Interviews Don Dudek, President and CEO of Savary Gold: Karankasso Gold Project in the Prolific Hounde Gold Belt in Burkina Faso, West Africa." This written interview can be accessed at the MetalNews website. Both of these interviews were designed to further highlight Savary's exceptional Karankasso project and to broaden Savary's market exposure. Links to both the video and written interview are posted on Savary's website.

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