Sanu Gold drills 4.75 g/t gold over 21 metres at Daina, Guinea

Sanu Gold Corp. [SANU-CSE] reported significant gold assay results from the first holes of its initial reverse circulation (RC) drill program on the Daina gold exploration permit in Guinea, West Africa, including results from the Daina 2 Main zone discovery.

Highlights from the Daina 2 Main Zone include 4.75 g/t gold over 21 metres, including 85.5 g/t gold over 1 metre, in drill hole DAI-RC-004. DAI-RC-001 returned 1.99 g/t gold over 37 metres, including 32.6 g/t gold over 1 metre and 15.0 g/t gold over 1 metre, as well as 1.23 g/t gold over 15 metres, including 12.3 g/t gold over 1 metre.

DAI-RC-013 returned 5.50 g/t gold over 11 metres, including 56.6 g/t gold over 1 metre. DAI-RC-006 returned 1.80 g/t gold over 7 metres, including 3.29 g/t gold over 3 metres. DAI-RC-012 returned 1.04 g/t gold over 15 metres.

Martin Pawlitschek, president and CEO, commented: “We are extremely pleased to announce a new gold discovery at our Daina Gold Exploration Permit in Guinea. Over the past several months we have been working to systematically define multi-kilometer long gold mineralized trends, and in our first drill holes intersected several high-grade gold intercepts at the Daina 2 Main Zone. Drilling has begun to define a moderately-dipping mineralized structure intersected on the three 65 m spaced lines drilled to date. As we progress through this first and subsequent phases of drilling, we will continue to test the downdip extent of the Daina 2 Main Zone, as well as lateral extensions along its potentially 4 km long strike extent.”

The program commenced in early August, 2022 and is now complete, with 3,675 metres drilled in 40 RC holes at the Daina 1, Daina 2 and Daina 6 targets. The program was designed to provide an initial drill test below high-grade gold in rock chip samples from artisanal working pits at the Daina 2 and Daina 6 targets and strong gold in auger bedrock anomalies at the Daina 1, Daina 2 and Daina 6 targets.

A total of 2,609 metres were drilled in 31 RC holes at the Daina 2 target to test an initial 2-km length of the potentially 4-km long mineralized corridor. Assay results have been received for the first 14 holes (DAI-RC-001 to -013 and DAI-RC-015), which have begun to outline a gold mineralized structure on three 65 metre spaced lines in the central portion of the target, termed the Daina 2 Main Zone.

An additional five holes were drilled on the Daina 2 Main Zone. DAI-RC-034A was lost near the top of the prospective horizon and was redrilled as DAI-RC-034B; assay results for these remaining holes are pending. A further 14 holes were drilled at the Daina 2 target on sections up to 1,000 metres north and 1,000 metres south of the Daina 2 Main Zone, with assays pending.

A total of 607 metres was drilled in 6 RC holes at the Daina 6 target to test the depth extension of high-grade gold in rock chip samples from artisanal workings and a well-defined gold in auger bedrock anomaly. Assay results from the first 4 holes returned short intervals of anomalous gold mineralization up to 0.70 g/t gold over 4 metres in the first 2 holes and no significant gold values in the next 2 holes. Assay results for the final 2 holes from the Daina 6 target are pending.

Two fences of two holes each were drilled at the Daina 1 target, for a total of 324 metres in 4 RC holes to test strong gold in auger bedrock anomalies. Assay results for all holes from the Daina 1 target are pending.

Sanu Gold geologists are currently compiling data from the program with geological and structural information from areas where new artisanal mining activities have exposed previously unknown zones of gold mineralization to aid the current geological and structural model for the Daina 2 Main Zone discovery. This information, together with pending results from the Program will aid in planning the next round of drilling at Daina, which the company intends to commence in early November.

Located within the world class Siguiri Basin, host to several operating mines, Sanu Gold is exploring three high quality gold exploration permits in Guinea, West Africa targeting multi-million ounce gold discoveries. The company has defined multi-kilometre scale gold bearing structures on each of the gold exploration permits, with multiple high-value drill targets.