Mr. Don Dudek reports
SAVARY GRANTS STOCK OPTIONS
Savary Gold Corp.
has granted a total of two million stock options to various officers, directors and consultants. The options may be exercised at a price of nine cents per common share for a period of five years from the date of grant. The grant of options remains subject to the approval of the TSX Venture Exchange.
About Savary
Savary is a Canadian exploration company which, along with anticipated joint venture partner Sarama Resources Ltd., is focused on exploring and developing the Karankasso gold project in Burkina Faso. The project is located within the Birimian-age Hounde greenstone belt, which hosts Semafo's Mana mine, Roxgold's Yaramoko mine and additional gold deposits that are currently subject to production decisions and extensive exploration efforts (including Endeavour Mining's Hounde project, Orezone's (acquired by Sarama) Bondi project and Sarama's/Acacia's South Hounde project, which is adjacent to Savary's property). The project contains an inferred open-pit constrained mineral resource estimate of 9.16 million tonnes grading 2.28 grams per tonne gold (Savary news release dated Nov. 24, 2015).
Don Dudek, PGeo, president and chief executive officer of the company, a qualified person under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.