Sanu Gold to drill 2,000 metres at Diguifara project, Guinea
Sanu Gold Corp. [CSE: SANU; OTCQB: SNGCF; FRA: L73] provided its phase 1 drilling plans for the Diguifara project in Guinea. The project is located only 20 km from the Siguiri gold mine which is owned and operated by AngloGold Ashanti PLC. The drilling will be completed by Capital Ltd. which has extensive experience in drilling out large deposits in Guinea and whose investment arm (Capital DI) heavily participated in Sanu Gold’s last financing.
Undrilled high-potential targets: The Diguifara permit features three undrilled high-priority targets that cover a cumulative strike length of 3.2 km where anomalous auger-in-soil samples reach as high as 4.8 g/t gold.
Vectoring toward gold: The targets were selected based on overlapping prospective features with data sources that include termite mound, auger and bedrock sample data along with geophysics.
Collaborative approach to discovery: The company has formed a joint technical committee with AngloGold Ashanti to plan all exploration at Diguifara and benefits greatly from AngloGold Ashanti’s deep experience in Guinea.
Initial program imminent: A minimum of 2,000 metres of air core and RC (reverse circulation) drilling in 19 holes is planned with equipment currently being mobilized and drilling expected to begin in the second half of October.
Proximity to a large gold mine: The project is located only 20 km from the Siguiri mine which currently produced 221,000 ounces of gold annually and is 85% owned by AngloGold Ashanti.
Martin Pawlitschek, president and CEO, commented: “We are excited to be preparing for the inaugural drilling program over our Diguifara permit. Previous phases of work included extensive surface geochemistry, auger sampling of the weathered bedrock underneath the laterite overburden and ground geophysical surveys.”
Equipment and field crews are in place on Diguifara to prepare for the upcoming drilling program which will include access roads and drill pad preparations as well as community engagement. Drilling is scheduled to begin in the second half of October. The program has been designed together with AngloGold Ashanti (AGA) and will include an initial phase of air core and RC drilling across three priority targets: Dig 1, Dig 2 and Dig 3.
Dig 1: This target is defined by anomalous gold values from saprolite auger sampling. Peak values of up to 4.8 g/t Au have been obtained from the target. The gold trend parallels a feature visible in the chargeability and resistivity geophysics.
Recent ground-truthing has also highlighted significant new artisanal mining in the weathered bedrock in the central parts of the anomaly. Material treated by the artisanal miners consists of weathered sediments with veinlets of dark grey to black quartz.
Four holes for a total of 400 to 500 metres are planned in phase 1 for the testing of this target.
Dig 2: This target is defined by anomalous gold values from saprolite auger sampling, outlining a consistent 1,700-metre-long trend up to 280 m wide. The gold trend parallels feature visible in the chargeability and resistivity geophysics. Ten holes for 1,000 m are planned for the testing of this target.
Dig 3: This gold trend defined in auger saprolite samples trends for 600 metres in a northwest direction. A total of five holes for 300 to 400 metres are planned for testing of this target.
Located within the Siguiri basin, a world-class gold district that is host to several operating mines and major new discoveries, Sanu Gold is exploring three high-quality gold exploration permits in Guinea, West Africa. The company has defined multi-kilometre-long gold-bearing structures on each of the gold exploration permits, with multiple high-value drill targets and is targeting multimillion-ounce gold discoveries.