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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (10006)12/15/2014 7:42:18 AM
From: Goose94Read Replies (3) of 202880
 
Savary Gold (SCA-V) and Sarama Resources (SMA-V) field program discovers 24 new zones of Gold mineralization and identifies two new Gold trends on the Karankasso JV Project, Burkina Faso

Dec 15, '14 - NR

Savary Gold and Sarama Resources announce new grab sample assay results from a recently completed field program on the Karankasso JV Project in southwestern Burkina Faso (see figure below). The 750 square kilometre Karankasso property is a 65/35 joint venture with Savary as operator. A summary of significant results are as follows:

2.11 g/t gold - New zone, Karan Trend - Highway quartz porphyry zone, not drilled

2.20 g/t gold - New zone, Kuere West zone - not drilled
5.50 g/t gold - Kien West zone southern extension, not drilled
3.29 g/t gold - Kien West zone southern extension, not drilled
50.75 g/t gold - New zone southwest of Kueredougou West, not drilled
3.74 g/t gold - New zone, Kueredougou West southern extension, not drilled
1.63 g/t gold - New zone west of Kueredougou West, not drilled
2.86 g/t gold - New zone, Kuere West trend, not drilled
24.90 g/t gold - New zone, Koure Trend, new zone, not drilled

28.25 g/t gold - New zone, Koure Trend, new zone, not drilled
5.4 g/t gold - New zone, 400 m west of Koure trend, not drilled
4.54 g/t gold - New zone, 250 m west of Koure trend, not drilled
12.48 g/t gold - New zone, 450 m west of Koure trend, not drilled
23.4 g/t Au - Serakoro 1 West zone, drill follow-up required
11.55 g/t gold - New zone, Karan trend, not drilled
13.5 g/t gold - New zone, Sera W trend, not drilled

Highlights of this work include the following target areas:

Recognition of numerous, new gold occurrences over a wider than previously realized area, ranging from five to eight kilometres wide, and that likely extends for the length of the concession package, a distance of approximately 45 km. In addition to the dominant trends of gold mineralization, numerous gold-bearing sub-structures have been indentified between the larger scale structures.

Discovery of several new zones of felsic intrusion hosted gold mineralization along the Sera W and Karan mineralization trends proximal to the western margin of the Houndé Belt. one zone, that intersects the highway, returning grab samples of quartz veined felsic intrusion that returned 2.11 and 1.92 g/t Au from two historic mining areas 430 metres by up to 40 metres wide and 470 metres by up to 50 metres wide, respectively.

Discovery of the Koure Trend mineralization - samples from different mineralized artisanal mining zones along a 3.8 km strike returned values of 24.8 g/t Au, 28.25 g/t Au and 1.25 g/t Au. This trend has never been drill tested and contains the visually strongest gold-bearing mineralization on the property.

Discovery of several untested artisanal mining zones, with widths ranging up to 35 metres wide, located 900 metres south of the recently reported Kueredougou West zone.

Identification of likely structural controls for gold mineralization in the Serakoro 1 West zone where previous drilling returned 3.7 g/t Au over 27.0 metres and high gold values in an altered felsic intrusion returned up to 23.4 g/t Au from outside the drill tested area.

Discovery of a new zone of intensive artisanal mining in the northwest corner of the Serakoro 1 property that returned an assay of 13.5 g/t Au.

Discovery of the untested, up to 35 metres wide, Kuere West trend that can be traced for 8.2 kilometres via a series of artisanal mining areas. Samples from this trend returned up to 2.86 g/t Au.

"Once again the Karankasso project results exceeded our expectations" stated Don Dudek, President and CEO of Savary "Recently completed field work has not only demonstrated additional mineralization along known gold mineralized trends, but has also resulted in the discovery of several new multi-kilometre long gold mineralization trends which host 24 new gold zones that have returned values of greater than 1.0 g/t gold as well as several large areas of gold mineralization, that individually display size, grade and alteration characteristics which could result in a material discovery."

From November 18th to 30th, Savary and Sarama completed a reconnaissance field program covering the 750 square kilometre Karankasso Project area. The goal of the field program was to improve the understanding of the controls on the existing zones, visit and evaluate newly discovered artisanal mining sites and follow-up on untested gold-in-soil anomalies. During this program 128 rock samples were collected and information for 396 data sites was recorded. This work resulted in the discovery of 24 new gold zones returning > 1.0 g/t Au and three new gold-bearing trends, Koure, Keure West and Karan trends. Assay details and general site descriptions are presented at the end of the release. Note that most rock samples were collected from artisanal waste rock piles as, in most cases, sampling directly from outcrop was not possible.

To view the Figure associated with this release, please visit the following link: http://media3.marketwire.com/docs/SAVARY1.jpg.

QP comments

In addition to the mapping and prospecting program, a detailed (50 metre by 25 metre sample points) soil sampling program was carried out over an 800 metre by 800 metre portion of the Serakoro 1 West zone where previous drilling returned up to 3.72 g/t Au over 27.0 metres. The goal of the program is to better define, what is expected to be, a locally high grade, conjugate vein, gold zones hosted by a fractured felsic intrusion.

An additional observation, specifically regarding the Serakoro 1 concession, is that outside of the main Sera W and Keure Trends, there is abundant laterite cover which masks the bedrock and thus reduces Savary's ability to trace gold zones along strike. This could be a reason why there is less artisanal activity on the Serakoro 1 property as compared to the Mandiasso and Diosso concessions to the north. An augur sampling or rotary air blast (RAB) program is being considered to aid in tracing the gold zones south into the Serakoro 1 concession.

Once the soil sample results have been received, all new and existing drill targets will be prioritized and a follow-up exploration drill program will be developed for presentation to Savary's Board of Directors and Sarama's management team for review and approval.

QA/QC

All samples were collected in plastic bags, which were stapled shut with a sample tag before inserted into a larger poly sample bag for shipment to SGS Laboratories in Ouagadougou. Sample blanks and assay standards were inserted every ten prospecting samples resulting in 11% of the assayed samples being reference/blank control samples. Upon reception of the assay results, the results for the reference and blank control samples were compared against expected results. All standards and blank control samples returned results within expected ranges. Don Dudek, P. Geo. has reviewed and supervised the QA/QC program.

About Savary Gold

Savary Gold is a Canadian exploration company, along with partner, Sarama Resources Limited, are focused on exploring the Houndé South and Serakoro 1 Gold Properties in Burkina Faso. The properties are in the Birimian age Houndé Greenstone Belt, which hosts Semafo's Mana mine and additional gold deposits that are presently subject to extensive exploration efforts (including Endeavour Mining's Houndé Project, Roxgold Yaramoko Project and Sarama's South Houndé Project, which is adjacent to Savary Gold's property). For additional information please visit our website at www.savarygold.com and follow us on Facebook, Linked-In and Twitter: @SavaryGold.

Don Dudek, P.Geo., President and CEO of the Company and a qualified person under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.

SAVARY GOLD CORP.

On behalf of the Board

Don Dudek, President & Chief Executive Officer

Cautionary Notes

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements. These statements include statements regarding the field program, the discovery of new gold minerlaization, the identification of new gold trends, historical drill intercepts and the results of historical data being indicative of the potential of the property. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.

Fall 2014 Karankasso Prospecting Program Sampling results

Au g/t AuSample #EastingNorthingZone
<0.0193014035881205328New - Karan East Highway, 430 m by up to 40 m wide artisanal zone, not drill tested
1.9293024035921205345New - Karan East Highway, 430 m by up to 40 m wide artisanal zone, not drill tested
0.0493034036091205389New - Karan East Highway, 430 m by up to 40 m wide artisanal zone, not drill tested
<0.0193044035901205375New - Karan East Highway, 430 m by up to 40 m wide artisanal zone, not drill tested
2.1193054033621205498New - Karan East Highway, 470 m by up to 50 m wide artisanal zone, not drill tested
0.293064035751205149New - Karan East Highway, 430 m by up to 40 m wide artisanal zone, not drill tested
0.0393074035741205209New - Karan East Highway, 430 m by up to 40 m wide artisanal zone, not drill tested
0.0493084095321206855New - Karan East Highway, 430 m by up to 40 m wide artisanal zone, not drill tested
0.3993094097001206955New - Karan East Highway, 430 m by up to 40 m wide artisanal zone, not drill tested
0.0393114086991207015
1.9493124080591205123Kien East northeast extension, 1.2 km by up to 35 m wide artisanal mining trend, not drilled
0.8993134080591205123Kien East northeast extension, not drilled
4.2593144061941203708Kien West, nearby drill hole not drilled far enough to intersect 225 m by 5-10 m wide artisanal mining zone
1.1693154062531203685Kien West, nearby drill hole just missed 150 m by up to 30 m wide artisanal mining zone
0.5693164059661202430Kien West, 200 m by 1-3 m wide artisanal mining zone, not drilled
0.0293174066591202282
0.2593184057361201853Kien West trend, 350 m by 1-3 m wide series of artisanal pits, not drilled
5.5593194057411201853Kien West trend, 350 m by 1-3 m wide series of artisanal pits, not drilled
0.4793214058151201924Kien West trend, 350 m by 1-3 m wide series of artisanal pits, not drilled
0.1293224056051201304Kien West trend, 50 m by 3-5 m wide artisanal zone, not tested
3.2993234056211201318Kien West trend, 50 m by 3-5 m wide artisanal zone, not tested
0.2493244012961189746Kuere Trend, Diosso South zone parallel zone, 270 m by 1-3 m pitting area, not drilled
0.5893254012171189614Kuere Trend, Diosso South zone parallel zone, 270 m by 1-3 m pitting area, not drilled
0.7793264010871189411Kuere Trend, Diosso South zone parallel trend, 15 m by 1-3 m wide pitting area, nearby RC hole returned 1.37 g/t Au over 4.0 m and 1.2 g/t Au over 2.0 m
0.1493274013331188750New, 150 m west of Koure trend, small isolated artisanal pit
0.0393284014231188788New, Koure trend, 200 m by 2-5 m wide zone of artisanal mining, not drilled
0.0393294014471188877New, Koure trend, 200 m by 2-5 m wide zone of artisanal mining, not drilled
0.9193314014871188963New, Koure trend, 200 m by 2-5 m wide zone of artisanal mining, not drilled
0.4193324012861189236New, isolated artisanal site, 150 m long by up to 30 m wide, sericite-fuchite alteration, 400 m east of Diosso South zone, RAB hole, 60 m north returned 2.08 g/t Au over 2.0 m
0.4393334012771189213New, isolated artisanal site, 150 m long by up to 30 m wide, sericite-fuchite alteration, 400 m east of Diosso South zone, RAB hole, 60 m north returned 2.08 g/t Au over 2.0 m
1.1293344003041189422Kuere West trend, 500m east of Diosso South zone, 870 m by up to 35 m wide artisanal mining zone, not tested
1.693354003091189511Kuere West trend, 500m east of Diosso South zone, 870 m by up to 35 m wide artisanal mining zone, not tested
2.20593364004031189670Kuere West trend, 500m east of Diosso South zone, 870 m by up to 35 m wide artisanal mining zone, not tested
0.0693374004851189858Kuere West trend, 500m east of Diosso South zone, 870 m by up to 35 m wide artisanal mining zone, not tested
0.6493384002501189285Kuere West trend, 500m east of Diosso South zone, 870 m by up to 35 m wide artisanal mining zone, not tested
0.4793394001541189084Kuere West trend, 500m east of Diosso South zone, 870 m by up to 35 m wide artisanal mining zone, not tested
0.2893414001421188901Kuere West trend, 500m east of Diosso South zone, 870 m by up to 35 m wide artisanal mining zone, not tested
0.0693424001121188691New, Isolated artisanal site, 35 m long by 1-3 m wide, may be related to Kuere West Trend
0.0993433994681187424
0.7393444049701197808Kuere Cross, new zone on northeast trending cross-structure
0.0793454049711197809
0.1593464048701197916
0.0593474024071193130New, Kuere Trend, 950 m south of Keuredougou West zone, 750 m by up to 35 m wide zone of artisanal mining, Southern extension, not tested
6.1793484023881193109New, Kuere Trend, 950 m south of Keuredougou West zone, 750 m by up to 35 m wide zone of artisanal mining, Southern extension, not tested
1.293494024061193199New, Kuere Trend, 950 m south of Keuredougou West zone, 750 m by up to 35 m wide zone of artisanal mining, Southern extension, not tested
0.993514024321193277New, Kuere Trend, 950 m south of Keuredougou West zone, 750 m by up to 35 m wide zone of artisanal mining, Southern extension, not tested
0.1293524025011193531New, Kuere Trend, 950 m south of Keuredougou West zone, 750 m by up to 35 m wide zone of artisanal mining, Southern extension, not tested
0.0993534025891193392
0.0393544026371193407
50.7593554028111193154New zone, 350 m East of Kuere trend, 40 m by 15 m wide artisanal mining zone, not tested
3.7493564023251193907New, Kuere west trend, 65 m by 1-3 m artisanal mining area, RAB hole 110 m north interested 1.45 g/t Au ober 4.0 m
0.4193574025471194474New, Kuere West trend, 100 m by 1-3 m wide artisanal zone
1.6393584018211194739New zone west of Kuere West trend, 150 mby 40 m wide artisanal pitting area, not drilled
0.0593604025661194862
0.2193614014151193866
1.1593624026361194744Keure West trend, 170 m by 1-2 m wide area with artisanal pitting lines, RAB hole 150 m south intersected 0.99 g/t Au over 3.0 m
0.0893634031421194536
2.8693644027751195084Kuere West trend, 78 m by 1-2 m wide zone of artisanal shafts, RAB hole 120 m south interested 0.99 g/t Au over 1.0 m
0.5493654024451197044New zone west of Kuere West trend, 145 m by 1-3 m wide artisanal mining area, not drilled
0.0693664027761194665Kueredougou West zone
0.5493674027431194549Kueredougou West zone
1.9193684026531194294Kueredougou West zone, sample from pit 60 m south of last hole
2.8593694031231194557New zone, 270 m east of Kueredougou West zone, 400 by 1-2 m wide trend of artisanal pits
0.0693704033771194812
1.8293724044821194673New Zone - Koure Trend, traced for 1.04 km and up to 55 m wide, not drilled
24.893734044781194697New Zone - Koure Trend, traced for 1.04 km and up to 55 m wide, not drilled
6.4793744044961194820New Zone - Koure Trend, traced for 1.04 km and up to 55 m wide, not drilled
<0.0193754045421195065New Zone - Koure Trend, traced for 1.04 km and up to 55 m wide, not drilled
0.1193764045791195179New Zone - Koure Trend, traced for 1.04 km and up to 55 m wide, not drilled
0.593774046651195325New Zone - Koure Trend, traced for 1.04 km and up to 55 m wide, not drilled
0.0293784045621195359New Zone - Koure Trend, traced for 1.04 km and up to 55 m wide, not drilled
0.1493794044571195395New Zone - Koure Trend, traced for 1.04 km and up to 55 m wide, not drilled
0.4693814043691194360New Zone - Koure Trend, traced for 1.04 km and up to 55 m wide, not drilled
28.2593824055721196876New Zone - Koure Trend,, 1.8 km north of sample group 9372-9381, 150 m long by 1-5 m wide pitting trend, sulphide rich waste piles, not drilled
0.05593834056001196913
<0.0193844056261196799
0.0393854056451196818
0.2393864043851195710
5.493874044041195643New Zone - 400 m west of Koure Trend, 140 m by 50 m zone of pitting, hosted by pillow basalt, not drilled
<0.0193884042801195731New Zone - 400 m west of Koure Trend, 140 m by 50 m zone of pitting, hosted by pillow basalt, not drilled
1.193904043151195712New Zone - 400 m west of Koure Trend, 140 m by 50 m zone of pitting, hosted by pillow basalt, not drilled
1.7693914046351195770New Zone - 400 m west of Koure Trend, 140 m by 50 m zone of pitting, hosted by pillow basalt, not drilled
2.1593924044621198104New Zone - 250 m east of Kuere Trend, 230 m by 3-7 m wide pitting area, RC hole 80 m south intersected 0.88 g/t Au over 1.0 m and 0.81 g/t Au over 1.0 m, not drilled
26.893934045211198269New Zone - 250 m east of Kuere Trend, 230 m by 3-7 m wide pitting area, not drilled
0.2193944045761198333
0.0493954065371202038
1.7493964063131201407New Zone 500 m west of interpreted Koure Trend, 48 m by 100 m artisanal diggin zone, not drilled
4.5493974065431201278New Zone 250 m west of interpreted - Koure Trend, 450 m by up to 40 m wide cluster of pits
<0.0193984065431201012
12.4594004063001200394New Zone, 420 m west of interpreted Koure Trend, 3 narrow pitting trends up to 65 m long and 1-2 m wide
1.2594014059971197746New zone, Koure trend, area of 10+ 30-40 m deep shafts along a 160 m strike, sample of periferal mineralization to planned mining area
0.3494024033611193034New, Isolated area of artisanal digging 134 m by 25 m wide
0.2694034012631190252Kuere trend, 300 m by 1-10 m wide zone of pitting, active mining, historic RC returned 4.93 g/t over 1.0 m and 5.92 g/t over 3.0 m
0.6294043982981189995New zone - Karan West trend, 425 m by 1-3 m wide zone of artisanal shafts, mix of sheared intermediate volcanics and felsic intrusion
0.2194053985471190744New zone, 75 m by 1-10m wide artisanal zone with 30 m shaft, sheared and quartz veined felsic intrusion,
0.0394063983691190598
11.5594073987061191498New Zone - Karan West trend, Sericitized, pyritic and quartz veined intermediate volc and felsic intrusion
23.494103922301176012Serakoro 1 West, weakly silicified and sericitic felsic intrusion
<0.0194113925301176196
13.394123925271176218Serakoro 1 West, weakly silicified and sericitic felsic intrusion
0.7294133925221176758Serakoro 1 West, weakly silicified and sericitic felsic intrusion
0.6894143963411176846New zone - Kuere Trend, Serakoro 1 concession, outcrop sample, nearest hole 600 m south
<0.0194153960421176794
<0.0194163981981179472
<0.0194173979611182262
<0.0194183959161176573
0.1994193959571176331
0.0794213959591176286
0.0694223955991171693
<0.0194233955631171702
<0.0194243955291171697
<0.0194253954391171654
<0.0194263956241171920
1.41594273957651173199Kuere Trend - Serakoro Main zone trend, tested, RC hole 60 m north returned 2.67 g/t Au over 10.0 m
4.3594283960731173215New zone, Kuere Trend - Serakoro Main zone, 392 m by up to 5 m wide zone of artisanal pitting, sheared intermediate volcanic, narrow, not drilled
0.594303959701173343New zone, 15 m by 0.5 to 1.0 m wide slot into QV zone to 5 m depth, not drilled
0.0294313957491173322
0.0294323966951173718
0.0294333935771182794
0.4994343935401182134New zone - Sera W trend, Serakoro 1 concession, artisanal pitting zone 280 m by 5-10 m wide, shafts to 10 m deep, not tested
3.2994353935551181901New zone - Sera W trend, Serakoro 1 concession, artisanal pitting zone 280 m by 5-10 m wide, shafts to 10 m deep, not tested
<0.0194363935481181907
0.6494373925901180214New zone - Sera W trend, quartz veined felsic intrusion, open pit artisanal mining zone 100 m by 70 m, nearby RAB holes returned up to 1.93 g/t Au over 2.0 metres, RC drill follow-up required
0.1194383926091180149as per sample 9437
<0.0194393936211181135
5.394413941101181227New Zone, 1.2 km east of Sera W trend, 2, 1 mwide by 150 m series of artisanal pits from 1 m to 8m deep
13.594423934661183945New zone - Sera W trend, quartz veined intermediate to mafic volcanic, 10+, 30-40 m deep shafts across a 5-15 m wide zone for 130 m along strike
0.0294433935161183960Cherty unit with brown tourmaline patches, active artisanal mining area 30 m by 2-4 m


Savary Gold Corp.
Michael McAllister
Manager, Investor Relations
416-309-2134
info@savarygold.com
www.savarygold.com
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