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Serengeti Acquires Property near Colorado Resources' North Rok Copper-Gold Discovery, Stakes Claims at Kwanika
Published : May 01, 2013
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 1, 2013) - Serengeti Resources Inc. (News - Market indicators)(FRANKFURT:34S) is pleased to announce that it has acquired through staking, a 100% interest in a 5675 Ha property ("Red Chris North Property") comprising two claim blocks located 8 to 10 km north of Colorado Resources recent high grade copper-gold discovery at North Rok in the Red Chris district of north-western British Columbia. Serengeti has also acquired additional claims in the vicinity of its Kwanika copper-gold deposit covering two separate target areas ("Smoke Property" and the "Rottacker Claims").

Red Chris North Property ("RCN Property")

The newly staked RCN Property is located in the Stikine Arch area of north-west British Columbia. The highly prospective Stikine Arch hosts a number of world class copper-gold-silver porphyry deposits including Red Chris, Schaft Creek, and NovaGold and Teck Resources Galore Creek deposit. Red Chris with proven and probable reserves of 301 mt grading 0.359% Cu, 0.274 g/t Au is currently the site of a $500 million mine development project by Imperial Metals.

The claims at the RCN Property were staked to include a strong gold-copper in stream sediment geochemical anomaly from Geoscience BC's Northern BC dataset, as well as coincident magnetic anomalies from the Geoscience BC Quest NW airborne geophysical survey with geological settings favourable for porphyry-style copper-gold mineralization. The claims at the RCN Property are located less than 10 km from Colorado Resources' North Rok property which recently reported 242m of 0.63% Cu, and 0.85 g/t Au in the discovery drill hole. The RCN Property is underlain by marine sediments and volcanic rocks of the Stikine Assemblage that are intruded in the west by a late Triassic diorite, and in the east, by a Triassic monzodiorite-gabbro. To view the RCN claim location map see the attachment or click here: http://www.serengetiresources.com/i/pdf/RCN_regional_infrastructure_200K_ltr.pdf.

Kwanika Area Properties

The Smoke Property (2469 Ha) is located 3 kilometers north of the Kwanika Central Zone copper-gold deposit and contiguous with Serengeti's Kwanika East property. The Smoke Property was acquired to cover an area of prospective covered ground that contains a strong VTEM anomaly from the original BC government funded Quest airborne survey. Two minor copper occurrences hosted in monzonite are reported on the claims, although much of the Smoke and adjacent Kwanika East claims occupy low-lying, overburden covered terrain located along an ENE trending structure that may represent a fundamental structural control for the Central copper-gold zone at Kwanika.

The Rottacker claims (2078 Ha) are contiguous with the southern portion of the Kwanika property. The claims were acquired to cover a second prospective area of low-lying ground where a cover sequence of sedimentary rocks similar to those that directly overly the Central copper-gold zone at Kwanika have been mapped. In addition, several occurrences of Cu-Au are reported from the area and moderate to strongly anomalous Cu-Au-Ag stream sediment and soil geochemical responses have been returned from Serengeti's and historical sampling. To view the Kwanika area properties click here: http://www.serengetiresources.com/i/pdf/Smoke_Rottacker_200K_ltr.pdf. The acquisition of these properties is part of Serengeti's strategy to acquire ground in areas of high potential based on geophysical and geochemical signatures within geological settings favourable for porphyry-style copper-gold mineralization.

About Serengeti Resources Inc.

Serengeti is a mineral exploration company managed by an experienced team of professionals with a solid track record of exploration success. The Company is currently advancing its Kwanika copper-gold project and exploring its extensive portfolio of properties in the highly prospective Quesnel Trough of British Columbia. A number of these projects are available for option-joint venture and additional information can be found on the Company's website at www.serengetiresources.com. Serengeti has 51.1 million shares issued and outstanding or 58.3 million shares on a fully diluted basis.

ON BEHALF OF THE BOARD

David W. Moore, P. Geo., President, CEO and Director

Cautionary Statement 

This document contains "forward-looking statements" within the meaning of applicable Canadian securities regulations. All statements other than statements of historical fact herein, including, without limitation, statements regarding exploration plans and other future plans and objectives, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and future events and actual results could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from our expectations are disclosed in the Company's documents filed from time to time via SEDAR with the Canadian regulatory agencies to whose policies we are bound. A comprehensive list of risk factors is provided in the Company's Annual Information Form ("AIF") for the year ended February 29, 2012 and filed on SEDAR on July 11, 2012. Readers are further advised not to place undue reliance on forward-looking statements.

To view the map associated with this press release, please visit the following link: http://media3.marketwire.com/docs/sir-0501-map.pdf.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Paradox Public Relations
514-341-0408 or Toll free (in North America) 1-866-460-0408
info@paradox-pr.ca
or
Serengeti Resources Inc.
604-605-1300
info@serengetiresources.com
www.serengetiresources.com

Serengeti Resources

EXPLORATEUR
CODE : SIR.V
ISIN : CA8174991064
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Serengeti Res. est une société d’exploration minière de cuivre et d'or basée au Canada.

Serengeti Res. détient divers projets d'exploration au Canada et au Mexique.

Ses principaux projets en exploration sont CROY BLOOM, NECHAKO, OMENICA, KWANIKA, GERMANSEN-VALLEAU, QUEST et KEM au Canada.

Serengeti Res. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 35,1 millions CA$ (28,1 millions US$, 23,5 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 4,80 CA$, et son plus bas niveau récent le 22 janvier 2016 à 0,02 CA$.

Serengeti Res. possède 71 540 000 actions en circulation.

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Présentations des Compagnies de Serengeti Resources
07/12/2009company update featured in Resource Opportunities November p...
Rapports annuels de Serengeti Resources
2007 Annual Report
Financements de Serengeti Resources
22/07/2016Announces Oversubscription of Financing
23/10/2015Announces Equity Financing
16/06/2011Announces a Non-Brokered Flow-Through Private Placement
30/01/2009Extends Exercise Term of Warrants
05/05/2008 Extends Exercise Term of Warrants
29/01/2008Extends Exercise Term of Warrants
17/02/2007Closes Cdn$5.2 Million Private Placement Financing
Nominations de Serengeti Resources
28/03/2013Announces Appointment of New CFO
09/02/2011Announces Appointment of New Director
30/09/2009Appoints New Auditors
17/03/2008appoints new CFO
Projets de Serengeti Resources
27/07/2016(Kwanika)Begins Drilling at Kwanika Copper-Gold Project
22/01/2014Reports a Significant Expansion to its UDS Property
03/09/2013Summer Field Program Identifies Important Copper-Gold Target...
06/02/2013(Kwanika)Announces Positive PEA Results: $263 Million NPV for Kwanika...
29/08/2012(Tchentlo)Announces Results of Drilling at Choo and Tchentlo Propertie...
21/08/2012(Kwanika)Announces Start of Drill Program at Kwanika, Sampling Result...
25/07/2012(Kwanika)Completes Drill Program and Reports Results from Cuates Prop...
14/06/2012(Tchentlo)Drilling Funded by Freeport-McMoRan of Canada Limited underw...
24/05/2012Reports Recent Drilling Expands Victoria Mineralized Zone
08/05/2012Reports Initial Holes from Victoria, Commences Drilling at C...
20/03/2012Begins Drilling Program on Three Gold-Silver Properties in M...
15/09/2011(Croy Bloom)Identifies IP Anomaly Associated with High Grade Copper-Gold...
03/05/2011(Tchentlo)Phelps Dodge Corporation of Canada Enters into Agreement to...
04/03/2011(Kwanika)Files Kwanika 43-101 Report and Hires Paradox Public Relatio...
24/02/2011(Sutherland Stikine)Acquires Three Properties in the Highly Prospective Stikine ...
16/02/2011(Cristobal)-Mexico Exploration Update: Identifies Mineralized Systems o...
07/02/2011(Kwanika)Groundbreaking Geochemical Study Identifies New Target Adjac...
17/06/2010(Kwanika)Major Drill Campaign Commences at Kwanika Project
13/04/2010(Kwanika)to Drill at Kwanika to Expand South Zone
09/12/2009(Kwanika)initiates Kwanika South Zone Resource Study & Reports result...
26/10/2009(Tchentlo)Encouraged by Regional Exploration Results
26/08/2009(Kwanika)Intersects 0.78% Copper Equivalent over 150 meters in South ...
08/06/2009(Kwanika)Larger Summer Drilling Program on Kwanika and High Priority ...
25/02/2009(Kwanika)Resource Estimate Confirms 1.6 Million Ounce Gold
and 1....
11/09/2008(Kwanika)intersects 482 meters grading 0.51% Copper, 0.90 g/t Gold in...
01/08/2008(Kwanika)Intersects 65 meters grading 1.09% Copper, 1.21 g/t Gold and...
17/07/2008(Croy Bloom)Signs Major Option Agreement with Newcrest on Croy Bloom/Dav...
15/06/2008(Kwanika)Continues to Expand Central Zone at Kwanika
21/05/2008(Kwanika) makes new Copper-Moly discovery at Kwanika & Expands centra...
07/05/2008(Kwanika) Reports on Positive Mineralogical Study at Kwanika
23/04/2008(Kwanika)Continues to expand Copper-Gold zone at Kwanika
31/03/2008(Quest)Expand QUEST Project; Complete Additional Airborne Surveys
26/03/2008(Kwanika) Intersects 610 meters grading 0.74% Copper, 0.78 g/t Gold i...
12/02/2008(Kwanika)Intersects 280 M Grading 0.47 % Copper, 0.63 G/T Gold At Kwa...
23/01/2008(Quest)Large Airborne Magnetometer Survey Completed over QUEST Prop...
21/01/2008(Kwanika) Commences 2008 Drill Program at Kwanika Wins Northern BC Pr...
07/01/2008(Kwanika) Reports Additional Results from Kwanika Including 297 meter...
19/12/2007(Kwanika)Completes 2007 Drill Program at Kwanika
26/11/2007(Kwanika) Kwanika Copper-Gold Project
06/11/2007(Kwanika) Intersects Supergene Copper Zone at Kwanika Grading 0.76% C...
02/10/2007(Kwanika)Continues to Intersect Good Grade at Kwanika Including 159 M...
06/09/2007(Kwanika)Drills 48 meters of 0.75% Copper and 2.5 g/t Gold at Kwanika
15/08/2007(Kwanika)Update Second Drill Rig Mobilized to Kwanika
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Communiqués de Presse de Serengeti Resources
26/07/2016President's Letter to Shareholders
27/04/2016Announces Grant of Options
23/10/2015Serengeti Announces Equity Financing
15/10/2015Serengeti Reports on Recent Exploration Results and Progress...
02/03/2015Serengeti Provides Update on Major Strategic Investment by S...
02/12/2014Serengeti Announces Terms of a Major Investment by Strategic...
01/12/2014Serengeti Announces Terms of a Major Investment by Strategic...
26/08/2014Serengeti Reports 6.7 Cu%, 5.9 g/t Au, 464 g/t Ag Assays fro...
24/06/2014Serengeti Announces Initiation of Targeted Summer Field Prog...
13/01/2014President's Letter to Shareholders
02/10/2013Reports 6.6% Cu from Rottacker Property
20/06/2013Announces Start of Summer Field Program
01/05/2013(Kwanika)Acquires Property near Colorado Resources' North Rok Copper-...
20/03/2013Announces Engagement of IR Firm and Option Grant
16/01/2013President's Letter to Shareholders
13/11/2012(Croy Bloom)Identifies High Grade Gold in Surface Sampling at Croy Bloom...
05/11/2012(Kwanika)Kwanika Drill Program Shows Copper-Gold System Open at North...
26/07/2012President's Letter to Shareholders
17/04/2012President's Letter
05/03/2012(Tchentlo)Freeport-McMoRan of Canada Limited to Fund 2012 Drill Progra...
07/02/2012Identifies Compelling Gold-Silver Target at Cuates; Plans F...
20/01/2012featured on CEO Clips on The Documentary Channel
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21/09/2011(Quest)Enters into Agreement with Major Mining Company to Explore ...
17/08/2011s British Columbia Exploration Activities
30/06/2011President's Letter to Shareholders
30/06/2011(Kwanika)Completes Financing and Commences Drilling at Kwanika
03/05/2011(Tchentlo)Phelps Dodge Corporation of Canada Enters into Agreement to...
03/05/2011(Tchentlo)Phelps Dodge Corporation of Canada Enters into Agreement to...
27/07/2010Acquires Gold-Silver Properties in Mexico
27/05/2010Completes Airborne Survey at Tchentlo
20/04/2010presenting at Minerals North, Prince George
01/04/2010Announces Investor Relations Contracts
01/12/2009participating in Agoracom Online Gold & Commodities Conferen...
30/11/2009CEO clip featured on The Biography Channel
13/10/2009Commences Drilling on Choo and Mil Gold-Copper Targets near ...
06/08/2009President's Letter to Shareholders
01/06/2009Message to Shareholders
11/08/2008President's Letter to Shareholders
30/08/2007Retains BMK Communications, Grants Options
01/08/2007Fjordland Partner on QUEST Joint Venture
27/07/2007Announces Shareholders Rights Plan
10/07/2007Reports 312 meters of 0.27% Copper and 0.39 g/t Gold from Sp...
08/06/2007Announces Completion of $20 Million Financing
16/05/2007Announces $15 Million Bought-Deal Financing
15/05/2007Drills 328 meters of 0.61% copper and 0.72 g/t gold at its K...
24/04/2007Reports Drilling Progress on Kwanika Property
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