Mr. David Moore of Serengeti reports
SERENGETI ANNOUNCES DRILL MOBILIZATION TO MILLIGAN WEST PROPERTY & ANNUAL GENERAL MEETING RESULTS
Serengeti Resources Inc. and partner Fjordland Exploration Inc. have completed a drill access road and mobilized a drill rig to the Milligan West property. Drilling will include testing a very strong induced polarization (IP) geophysical anomaly identified on the Milligan West property, located four kilometres west of the currently producing Mt. Milligan mine owned by Centerra Gold Inc. The partners view this target as having the size and intensity to host a potentially significant sulphide system at a moderate depth. The anomaly remains open to the west for expansion and is a high priority for drill testing. Three holes, totalling 1,200 metres, are planned as an initial test and the program may be expanded dependent on drilling progress and results.
Please see the Milligan West property section of the company's website to view images of the location maps and IP profiles of the target area.
The Milligan West property is owned 56.3 per cent by Serengeti and 43.7 per cent by Fjordland Exploration and is part of Serengeti's prospective pipeline of properties that the company believes has the potential to add significant value for its shareholders. The Milligan West drill program is one of three planned by Serengeti this year, the others being the first ever drill program on a high-priority target on the UDS property and prefeasibility drilling on the company's flagship Kwanika copper-gold project.
2017 annual general meeting
In addition, the company announces the results of its annual general meeting held Thursday, Aug. 31, 2017, in Vancouver, B.C.
A total of 32,633,615 common shares of the 85,240,821 common shares outstanding were voted, representing 38.28 per cent of the issued and outstanding common shares of Serengeti. Shareholders voted in favour of all items of business before the meeting including the election of all the directors as shown in the table.
Nominee Votes in favour % Votes withheld %
David W. Moore 32,631,615 99.99 2,000 0.01
Ian D. Brown 32,631,615 99.99 2,000 0.01
Lewis V. Lawrick 32,631,615 99.99 2,000 0.01
George D. Tikkanen 32,631,615 99.99 2,000 0.01
Other resolutions passed unanimously at the meeting were the reappointment of DeVisser Gray LLP, chartered accountants, as auditor of the company for the ensuing and authorizing the directors to fix its remuneration.
About Serengeti Resources Inc.
Serengeti is a mineral exploration company managed by an experienced team of professionals with a solid record of exploration success. The company is currently advancing its Kwanika copper-gold project in partnership with Daewoo Minerals Canada and exploring its extensive portfolio of properties in the highly prospective Quesnel Trough of British Columbia.
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