18:32:41 EST Sat 18 Jan 2025
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Sanu Gold Corp
Symbol SANU
Shares Issued 238,453,038
Close 2024-10-28 C$ 0.075
Market Cap C$ 17,883,978
Recent Sedar Documents

Sanu Gold finds gold target at Daina

2024-10-29 14:50 ET - News Release

Mr. Martin Pawlitschek reports

SANU GOLD ANNOUNCES A NEW TARGET AT SALAT EAST ON DAINA PROJECT

Sanu Gold Corp.'s recent field investigation has delineated a highly prospective gold target in the southeastern corner of the Daina project named Salat East. This new target is so far marked by new and extensive artisanal workings spanning a trend of 500 metres (m) and growing. The Daina project is located in prolific gold district of the Siguiri basin in Guinea, West Africa.

Compelling new target: The Salat East target is considered a significant new prospect market by new, extensive and growing artisanal workings where significant excavations into mineralized bedrock only started within the last year.

Significant footprint: Artisanal miners have begun extracting mineralized material along a 500-metre northeast-trending line of workings from a structure ranging from five to eight m in width and dipping to the west, thus representing a target with possible significant gold ounce potential.

Target development: The company is planning to evaluate the Salat East target with rock chip sampling, geological mapping and geophysics prior to possible drilling.

Drilling at Diguifara imminent: The company is in the final stages of mobilizing equipment to the Diguifara permit the immediate commencement of a 2,000-metre, 19-hole program, informed through the joint technical committee with AngloGold Ashanti PLC.

Martin Pawlitschek, president, and chief executive officer of Sanu Gold, commented: "We are excited to have defined a new target on the Daina permit. It is a remarkably persistent structure that has been opened by artisanal miners underneath a three to six m thick layer of laterite. Such dedicated work to stripping essentially barren overburden to get at the structure is suggestive of high-value mineralized material. The company will further evaluate the target with mapping, rock chip sampling and geophysics, prior to making a drill decision."

Operations update and Salat East

With drill preparations well under way at the Diguifara project, geologists have also been active on the Daina permit, where the next phase of drilling will be planned soon. Reviewing available, updated satellite imagery showed a significant increase in the footprints of artisanal workings. A Salat East a particularly extensive series of open pits was noted on the imagery field traverses were undertaken to further investigate this area in the southeast of the Daina project. The traverses investigated a 500-metre-long line of pits that is visible on the most recent available satellite imagery. The previous, older satellite imagery only showed extensive shallow surface disturbances in the area. This progression to a well-structured line of pit indicates that the artisanal miners were exposing a new gold-bearing structure in the bed rock.

Most of the mineralization near surface has been removed, flooded and waste filled, or collapsed workings are currently preventing access to the main zones of mineralization. Estimates of voids created show that the zone mined is consistently four to eight m thick and steeply west dipping. The host rock observed consists entirely of weathered granite. Remnant near surface mineralization is currently being mined in the hanging wall of the flooded main workings. Where observed the mineralization consists of sets of steep dipping, subparallel quartz veinlets ranging from a few millimetres to one to two centimetres in thickness hosted in weathered granite. Rock chips sampling, mapping and ground geophysics will be considered to further evaluate this area.

From the exposures created by the artisanal miners it is evident that the laterite cap in the area is up to six m thick and was initially explored by sinking vertical shafts to the base of the laterite. There are some stopes that are subhorizontal which likely exploited a paleo-colluvial layer of gold above the main structure from these horizontal workings the artisanal miners then located and exploited the steep-dipping structures in the bedrock, prior to the stripping the significant overburden to more fully exploit the main structure. All along the trend evidence of steep west dipping excavations in the granite provide indications of a steep west-dipping main structure underneath the laterite cap and colluvial dispersion layer.

Update on Diguifara drilling program

Access preparations at Diguifara are near complete and a multipurpose drill rig from the company's second-largest strategic investor, Capital, is currently mobilizing to its Diguifara project. The company will provide an update when drilling operations have commenced.

Next steps at Salat East

The company plans to complete mapping, rock sampling and ground geophysics over the area and then to evaluate this area as a drill target.

Qualified person

The scientific and technical information contained in this press release has been reviewed and approved by Serigne Dieng, PhD, MSc, a member (MAIG) of the Australian Institute of Geoscientists (AIG), exploration manager of the company and a qualified person within the meaning of National Instrument 43-101.

About Sanu Gold Corp.

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 multikilometre-long gold-bearing structures on each of the gold exploration permits, with multiple high-value drill targets and is targeting multimillion-ounce gold discoveries. Sanu is operated by a highly experienced team, with successful records of discovery, resource development and mine permitting.

We seek Safe Harbor.

© 2025 Canjex Publishing Ltd. All rights reserved.