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Serengeti Resources

Publié le 26 août 2014

Serengeti Reports 6.7 Cu%, 5.9 g/t Au, 464 g/t Ag Assays from Rottacker; Strong Adjacent Copper Soil Anomaly

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Mots clés associés :   Bismuth | Copper |

Serengeti Reports 6.7 Cu%, 5.9 g/t Au, 464 g/t Ag Assays from Rottacker; Strong Adjacent Copper Soil Anomaly

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 26, 2014) - Serengeti Resources Inc. (TSX VENTURE:SIR)(34S.F) is pleased to report the results of a field program conducted earlier this summer on its Rottacker property, adjacent to the southern end of its 100%-owned Kwanika claim block. Additional rock sampling of the Rottacker "B" showing, first re-located by Serengeti staff in 2013 and last worked on in the early 1970's, returned grab samples from outcrop assaying up to 6.7% copper, 5.9 g/t gold and 464 g/t silver. In addition, soil sampling has identified a strong copper anomaly, 500 meters to the west of the showing in an area interpreted to share geological similarities to Kwanika.

The Rottacker "B" showing consists of a 2 to 3 meter wide zone of disseminated and vein chalcopyrite-pyrite and secondary copper mineralization in strongly chlorite-sericite altered monzodiorite intrusive. The showing area is poorly exposed in an old blast pit and due to extensive till cover, its full extent is difficult to determine. The presence of elevated bismuth and tellurium along with locally high precious metal values, suggests the presence of gold-silver-bismuth-telluride along with the copper mineralization.

Sample Type Lithology Cu% Au (g/t) Ag (g/t)
Outcrop, grab Mineralized/ Altered monzodiorite 6.77 5.9 464
Outcrop, grab Mineralized/ Altered monzodiorite 1.67 0.98 93
Outcrop, grab Mineralized/ Altered monzodiorite 0.77 tr 12
Outcrop, grab Mineralized/ Altered monzodiorite 0.63 0.07 7
Outcrop, grab Mineralized/ Altered monzodiorite 0.25 0.08 6
Table 1. Rottacker "B" Showing Rock Sampling Highlights, 2014

Soil sampling in the immediate vicinity of the showing returned generally weakly anomalous results with the exception of one very elevated gold value. However, a soil sampling transect identified a strong, 300 meter wide copper (with locally coincident Au, Ag) soil anomaly in B-Horizon and Ah-organic soil horizons, 500 meters to the west of the showing. This area of the property is interpreted to be underlain by red boulder conglomerate similar to that which partially overlies the Kwanika Central Copper-Gold Zone.

Ah and B-Horizon Soil Cu results can be viewed on Serengeti's website.

"The presence of good grade mineralization, indications of strongly anomalous copper soil geochemistry nearby and a geological setting with similarities to Kwanika is encouraging," stated David Moore, President and CEO of Serengeti Resources. "The next step on the Rottacker property is to conduct IP geophysics to test for an associated sulphide system, which would quickly constitute an excellent drill target."

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 and Stikine Arch 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 58.1 million shares on a fully diluted basis.

Quality Assurance/Quality Control

Sample analysis for the current program was completed at Acme Analytical Laboratories Ltd. in Vancouver, BC. A comprehensive quality assurance/quality control program including duplicate samples, blanks and standards form part of the sampling protocol in addition to the laboratory's own quality assurance program. The field program was supervised by Serengeti Resources Inc. staff and the technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101, and reviewed by the Company's qualified person, David W. Moore, P. Geo., President and CEO of Serengeti Resources Inc.

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 28, 2014 and filed on SEDAR on July 29, 2014. Readers are further advised not to place undue reliance on forward-looking statements.

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

Lire la suite de l'article sur finance.yahoo.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
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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...
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24/05/2012Reports Recent Drilling Expands Victoria Mineralized Zone
08/05/2012Reports Initial Holes from Victoria, Commences Drilling at C...
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04/03/2011(Kwanika)Files Kwanika 43-101 Report and Hires Paradox Public Relatio...
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17/06/2010(Kwanika)Major Drill Campaign Commences at Kwanika Project
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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....
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15/06/2008(Kwanika)Continues to Expand Central Zone at Kwanika
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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...
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07/01/2008(Kwanika) Reports Additional Results from Kwanika Including 297 meter...
19/12/2007(Kwanika)Completes 2007 Drill Program at Kwanika
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02/10/2007(Kwanika)Continues to Intersect Good Grade at Kwanika Including 159 M...
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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
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20/06/2013Announces Start of Summer Field Program
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20/03/2013Announces Engagement of IR Firm and Option Grant
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06/08/2009President's Letter to Shareholders
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