Mr. Martin Pawlitschek reports
SANU GOLD ANNOUNCES COMMENCEMENT OF FIRST-EVER DRILL PROGRAM AT ITS DIGUIFARA GOLD PERMIT
Sanu Gold Corp. has started its phase 1 drilling plans for the Diguifara project in Guinea. The project is located only 20 kilometres 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.
Drilling commenced: First holes commenced on Oct. 28. A minimum of 2,000 metres (m) of air core and RC (reverse circulation) drilling in 19 holes is planned.
Undrilled high-potential targets: The Diguifara permit features three undrilled, priority targets that cover a cumulative strike length of 3.2 kilometres (km), where auger-in-saprolite samples reach as high as 4.8 grams per tonne (g/t) gold (Au).
Vectoring toward gold: The targets were selected based on their strong auger gold results from the weathered bedrock and continuity of geochemical and geophysical trends observed for between 0.6 and 2.5 km.
Proximity to a large gold mine: The project is located only 20 km from the Siguiri mine, which produced 214,000 ounces (oz) of gold in 2023 (1) and is 85 per cent owned by AngloGold Ashanti.
Martin Pawlitschek, president and chief executive officer of Sanu Gold, commented: "We are excited to have started 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."
(1) References to nearby properties are for information purposes only and there is no assurance that the company will achieve the same results.
Program update
Drilling at Diguifara commenced at target Dig 1 on Oct. 28. The program will include an initial phase of air core and RC drilling across three priority targets -- Dig 1, Dig 2 and Dig 3.
The rig mobilized by Capital is a large multipurpose rig, which will complete a combination of air core and RC holes across the priority targets at Diguifara. Samples will be collected on site and sent for gold analysis to MSAlabs in Bamako.
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.
Nine holes for approximately 1,000 m 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 m 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 m in a northwest direction. A total of five holes for 300 to 400 m are planned for testing of this target.
Qualified person
The scientific and technical information contained in this news 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, Standards of Disclosure for Mineral Projects.
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.
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