Post by
thed1983 on Aug 06, 2015 8:40am
NEWS - Drill Results.
Not really sure how to react to this one.
Savary Drills 19.48 g/t Gold Over 2 Metres
TORONTO, ONTARIO--(Marketwired - Aug. 6, 2015) - Savary Gold Corp. (TSX VENTURE:SCA) ("Savary" or the "Company") is pleased to announce follow-up drill intercepts for the Kueredougou West Trend. The drilling defined three parallel close spaced lenses of gold mineralization to approximately 90 metres depth along a 350 metre strike. The gold-bearing lenses are still open to depth and along strike.
Highlight intercepts, for the Kueredougou West Trend, are presented below:
2.36 g/t gold over 10 metres in hole 15-83
2.03 g/t gold over 17 metres in hole 15-93
6.91 g/t gold over 3 metres in hole 15-99
19.48 g/t gold over 2 metres in hole 15-100
*5.21 g/t gold over 9 metres in hole 15-42
*2.52 g/t gold over 8 metres in hole 15-41
* Previously reported intercepts Savary Gold news release June 15, 2015
Don Dudek, Savary's President and CEO commented: "Savary's work over the Kueredougou West Trend has just commenced and it appears that it has the potential for the discovery of a major gold zone. We can already trace the mineralized trend for approximately nine kilometres and see evidence of a robust mineralized system with locally strong alteration in association with strongly foliated quartz porphyritic felsic intrusions. This mineralizing system also has strong geological similarities to the Serakoro Main occurrence (drill intercepts to 2.66 g/t gold over 10 metres), located approximately 25 kilometres to the south. I am looking forward to further testing this trend in our next field program."
>> What / When is their next drill program?
Savary has completed a 14,515 metre, 115 hole drill program at its Karankasso Joint Venture Project in Burkina Faso, owned 65% by Savary and 35% by Sarama Resources Ltd. ("Sarama").
The Karankasso Property (the "Property") is located approximately 300 kilometres southwest of Ouagadougou, Burkina Faso's capital city and 60 kilometres east of Bobo Dioulasso, the second largest city in Burkina Faso. The Property can be accessed by a paved highway with both rail and grid power coming within approximately 65 kilometres of the Property.
The Kueredougou West Trend was first recognized in late 2014 as a separate mineralized structure, first with the collection of gold mineralized samples from artisanal workings, and in April 2015, with RC drill intercepts to 5.21 g/t gold over 9 metres. This northerly trending gold zone can be traced for approximately nine kilometres along strike via gold-in-soil anomalies and a string of artisanal workings. Drilling of 1,059 metres in nine holes tested a 450 metre portion of this trend (see figure). This work resulted in the definition of two, steeply east dipping lenses of gold mineralization, with the western-most (KWTA), traced for approximately 150 metres along strike, and possibly open to the north. The eastern-most lens (KWTB) has been traced for approximately 350 metres and is open to the south. A third, narrower, but higher grade lens of gold mineralization (KWTC) was intersected in two holes, 100 metres apart along the eastern edge of the drill area. The mineralized zones are hosted by quartz veined, sericitic and pyritic fine grained sediments that have been intruded by quartz porphyritic felsic sills. A summary of drill intercepts is presented in the later part of this release in Table 1.
Recent prospecting in an area approximately 2,000 metres south of the Kueredougou West Trend area, tested by drilling, returned three new gold occurrences, greater than 1 g/t gold with a best value of 4.25 g/t gold. These occurrences are related to narrow artisanal workings across, an approximately 400 metre wide area that is underlain by a mixture of sediments, volcanics and quartz porphyritic felsic sills. This geological package is very similar in character to the geology that hosts the Serakoro 1 Main occurrence, located approximately 25 kilometres to the south along an anomalous gold-in-soil trend.
Results of the drill program have been interpreted and modelling of the zones has commenced. Once the modelling is complete, future news releases will present the results of the drill program.
>>> When will this be? Why didnt they release this info with the results?
QA/QC Comments
Savary's procedures for handling reverse circulation drill chips comprise initial riffle splitting of the rock chips from one metre drill length samples into approximately 2.5 kilogram samples, as well as description and logging into a database. A duplicate 2.5 kilogram sample, prepared at the same time as the assay sample, is kept as a reference for each sample. Assay standards, sample duplicates and assay blanks were inserted sequentially every 14 samples resulting in an assay standard inserted every 42 samples. This sampling procedure was periodically reviewed by Savary's President and CEO, and the Company QP, Don Dudek, P. Geo. All assay samples were collected at site by SGS Laboratory or Actlabs staff from Ouagadougou, Burkina Faso. Sample preparation and fire assays were performed by SGS Laboratories and Actlabs, both based in Ouagadougou. Each sample was dried, crushed to 85% passing 2 mm and then split to 1.5 kg by riffle splitter. The 1.5 kg, 2 mm split was pulverized to 95% passing 106 mm. Fifty grams of the pulverized material was analysed for gold via fire assay with an atomic absorption spectroscopy (AAS) finish. SGS Burkina Faso SA operates according to ISO 17025 standards and institutes a full Quality Assurance/Quality Control (QA/QC) program consisting of insertion of blanks, standard reference material, repeats and reject splits which in total account for up to 25% of all determinations conducted.