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Serengeti Resources (SIR)
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Serengeti Initiates Scoping Study on High Grade Portion of Copper-Gold Resource at Kwanika
Press Release: Serengeti Resources Inc. – 9 hours ago
http://finance.yahoo.com/news/Serengeti-Initiates-Scoping-iw-2423600327.html?x=0&l=1
Serengeti Initiates Scoping Study on High Grade Portion of Copper-Gold Resource at Kwanika
Press Release: Serengeti Resources Inc. – 9 hours ago
http://finance.yahoo.com/news/Serengeti-Initiates-Scoping-iw-2423600327.html?x=0&l=1
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Serengeti Resources Inc.: Groundbreaking Geochemical Study Identifies New Target Adjacent to Kwanika Copper-Gold Deposit
http://finance.yahoo.com/news/Serengeti-Resources-Inc-iw-3301891377.html?x=0&.v=1
Serengeti Resources Inc.
Serengeti Resources (SIR)
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Serengeti Resources (TSX:SIR)
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Serengeti Completes Geochemical Sampling Program on QUEST Joint Venture Properties
Wed Jul 7, 11:08 AM
http://ca.news.finance.yahoo.com/s/07072010/28/link-f-ccnmatthews-serengeti-completes-geochemical-sampling-program-quest-joint-venture.html
Serengeti Resources (TSX:SIR)
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Serengeti Resources (TSX:SIR)
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Serengeti Resources (TSX:SIR)
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Serengeti Intersects 0.66% Copper Equivalent over 124 meters, Significantly Expands Potential at South Zone at Kwanika
Tue Nov 17, 8:31 AM
http://ca.news.finance.yahoo.com/s/17112009/28/link-f-ccnmatthews-serengeti-intersects-0-66-copper-equivalent-124-meters.html
Serengeti Resources (TSX:SIR)
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Serengeti Expands Potential of South Zone at Kwanika
Monday September 21, 8:29 am ET
http://ca.us.biz.yahoo.com/iw/090921/0539084.html?.v=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 09/21/09) - Serengeti Resources Inc. (TSX-V:SIR - News) reports the additional results from this summer's exploration program at the Company's Kwanika property in British Columbia.
Two new mineralized intercepts from drilling on the South Zone indicate that the South Zone extends to considerably greater depth than has been previously noted. The drilling has also shown that the South Zone, which abuts against a fault on the west side, the "West Fault", is open to the south and east as well as to depth. More drilling is underway to expand the South Zone.
The results include a deep intercept grading 0.43% copper, 0.02 g/t gold, 2.0 g/t silver and 0.049% molybdenum (0.80% copper equivalent) over 65.5 meters in hole K-136 and in hole K-124, 0.36% copper, 0.01 g/t gold, 1.4 g/t silver and 0.007% molybdenum (0.43% copper equivalent) over 58 meters. The intercept from hole K-124 is additional to the previously reported 242.5 metres of mineralization.
----------------------------------------------------------------------------
Drill Holes K-09-124, K-09-129 to K-09-137 Significant Analytical Results
----------------------------------------------------------------------------
Cop- Gold
per Equ- Orien-
Inter- Cop- Sil- Equiv. iv. tation
From To val per Gold ver Mo % g/t (dip/
Hole (m) (m) (m) % g/t g/t % (i) (i) Zone azimuth)
----------------------------------------------------------------------------
K-124 259.5 622.0 362.5 0.35 0.04 1.7 0.014 0.49 0.84 South Vertical
-----------------------------------------------------
Incl.
259.5 502.0 242.5 0.41 0.05 2.1 0.018 0.58 1.00
(ii)
-----------------------------------------------------
And
564.0 622.0 58.0 0.36 0.01 1.4 0.007 0.43 0.73
----------------------------------------------------------------------------
K-136 412.0 440.0 28.0 0.09 0.00 0.6 0.008 0.15 0.26 South -65
----------------------------------------------------- degrees/
502.0 677.5 175.5 0.26 0.01 1.1 0.024 0.44 0.76 90
----------------------------------------------------- degrees
Incl.
524.0 589.5 65.5 0.43 0.02 2.0 0.049 0.80 1.37
-----------------------------------------------------
And
Incl.
660.0 677.5 17.5 0.33 0.01 0.8 0.003 0.36 0.63
----------------------------------------------------------------------------
K-130 80.0 82.0 2.0 0.17 0.22 1.6 0.017 0.43 0.74 East -60
degrees/
270
degrees
----------------------------------------------------------------------------
K-132 91.8 97.9 6.1 0.47 0.14 0.9 0.003 0.58 1.00 North -65
degrees/
90
degrees
----------------------------------------------------------------------------
K-133 Incl.
140.3 249.1 108.8 0.04 0.01 0.1 0.000 0.05 0.08 North Vertical
----------------------------------------------------------------------------
K-129, 131, 134, 135, 137 indicated NSV
----------------------------------------------------------------------------
(i) Copper and Gold Equivalent calculations use metal prices of US$1.75/lb
for copper, US$12/lb for molybdenum, US$700/oz for gold and US$12.50/oz
for silver and both assume metallurgical recoveries and net smelter
returns of 100%. Copper (Cu) EQ equals Cu% + (Mo% x 12/1.75) + (Au g/t
x 12.86/22.06) + (Ag g/t x 0.23/22.06). Gold (Au) EQ equals Au g/t +
(Cu % x 38.60/22.5) + (Mo% x 264.72/22.5) + (Ag g/t x 12.50/700).
(ii) Previously Reported.
Drill sections and a 3D model can be viewed at http://www.corebox.net/properties/kwanika/ or by following a link on the Company's website at www.serengetiresources.com.
"The drilling reported on here adds size and depth to the South Zone and clearly indicates major expansion potential to the south and east," stated President and CEO David Moore. "Hole K-136 in particular has returned excellent grades adjacent to the West Fault on the South Zone. Recent geological and geophysical modeling has traced this newly identified fault six kilometers to the south, opening up a large area for future exploration. We are very encouraged by the newly demonstrated potential at depth in the South Zone as indicated by holes K-124 and K-136. We are currently drilling several additional holes testing this potential," added Moore.
South Zone Drilling (K-124, and K-135 to 137): Shallow drilling prior to Serengeti's exploration suggested a limited resource that required more testing. Serengeti's recent work has indicated the potential for expansion is wide open. Vertical drill hole K-124, the upper portion of which was previously reported (see NR 2009-08 dated August 26, 2009) was deepened and as noted above an additional mineralized interval grading 0.36% copper, 0.01 g/t gold, 1.4 g/t silver, 0.007% molybdenum (0.43% copper equivalent) over 58.0 meters was intersected. The overall mineralized intercept in K-124 now grades 0.35% copper, 0.04 g/t gold, 1.7 g/t silver, 0.014% molybdenum (0.49% copper equivalent) over 362.5 meters. K-136, an angle hole drilled from the west, drilled though the West Fault and then encountered a 175.5 meter mineralized interval to the bottom of the hole at 677.5 meters, including an interval assaying 0.43% copper, 0.02 g/t gold, 2.0 g/t silver, 0.049% molybdenum (0.80% copper equivalent) over 65.5 meters. Due to orientation and deviation of the drill hole, the intercept in K-136 lies on the same section as K-124.
K-135 which was unmineralized was a west-directed angle hole drilled from the collar of K-124 and helped define the West Fault. K-137 was drilled off the north end of the South Zone and was not mineralized.
North Area Drilling (K-131 to 134): Hole K-131, 132, 133 were drilled in the vicinity of previously reported hole K-08-122 which intersected 0.42% copper, 0.06 g/t gold, over 76.2 meters, approximately one kilometer north of the Central Zone resource. These three recent holes demonstrate that the K-122 area is structurally complex, with the best interval, 0.47% copper, 0.14 g/t gold occurring over 6.1 meters in hole K-132 and a broad zone of anomalous copper intersected in K-133. Hole K-134 which was drilled off the north east end of the Central Zone was unmineralized.
East Area Drilling (K-129 and K-130): Two holes were drilled in the north-east quadrant of the property, with K-130 encountering a narrow mineralized interval grading 0.17% copper, 0.22 g/t gold over 2 meters immediately below unexpectedly deep overburden. K-129, drilled 1.4 kilometers to the south did not intersect significant mineralization.
Drill Program Summary Drilling has now been completed on Serengeti's Osilinka property and results will be released when available. Drilling has now resumed at the South Zone at Kwanika, after which the drill will be moved to test attractive targets on the Choo and Mil properties.
About Serengeti
Serengeti is a mineral exploration company managed by an experienced team of professionals with a solid track record of exploration success. The Company is focused on the advancement of its Kwanika copper-gold project which contains an Indicated Mineral resource at a 0.25% copper equivalent cut-off of 183 million tonnes grading 0.29% copper, 0.28 g/t gold including a higher grade zone at a 0.4% copper equivalent cut-off of 75 million tonnes grading 0.41% copper and 0.42 g/t gold. Serengeti also continues to explore for additional gold and copper deposits on its extensive portfolio of properties in the highly prospective Quesnel Trough of British Columbia. Additional information on Serengeti's projects can be found on the Company's website at www.serengetiresources.com. Serengeti is well funded to advance its projects with a current working capital position of approximately $9.3 million which includes $2.3 million receivable from the B.C. government's METC program. The Company has currently completed approximately 75% of an expanded 9,500 meter summer drilling program.
Quality Assurance/Quality Control
Sample analysis for the current program was completed at Acme Labs in Vancouver, BC. A comprehensive quality assurance/quality control program including duplicate samples, blanks and standards formed part of the sampling protocol in addition to the laboratory's own quality assurance program. Individual copper values exceeding 2,000 ppm, molybdenum values exceeding 1,000 ppm and gold values exceeding 100 ppb were assayed and these intervals combined with geochemical determinations on the balance of the samples, with all results reported in % and g/t respectively. This procedure will generally result in an understatement of the average grades. The field program was supervised by Serengeti Resources Inc. staff. 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.
To view the map accompanying this release, please click on the following link: http://media3.marketwire.com/docs/SIR0921M.pdf.
Contact:
Contacts:
Serengeti Resources Inc.
David W. Moore
President and CEO
604-605-1300
604-899-1240 (FAX)
dmoore@serengetiresources.com
Serengeti Resources Inc.
Investor Relations
604-685-8184
info@serengetiresources.com
www.serengetiresources.com
Source: Serengeti Resources Inc.
Serengeti Intersects 0.78% Copper Equivalent Over 150 Meters in South Zone at Kwanika
Wed Aug 26, 8:30 AM
http://ca.news.finance.yahoo.com/s/26082009/28/link-f-ccnmatthews-serengeti-intersects-0-78-copper-equivalent-150-meters.html
Serengeti Resources (TSX:SIR)
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Serengeti Announces Larger Summer Drilling Program on Kwanika and High Priority Regional Targets
* On Monday June 8, 2009, 9:30 am EDT
http://finance.yahoo.com/news/Serengeti-Announces-Larger-ccn-15463995.html?.v=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 8, 2009) - Serengeti Resources Inc. (TSX VENTURE:SIR - News) has increased its exploration budget for this summer's drilling program, now scheduled to start at the Company's 100% owned Kwanika copper-gold property on or about June 20th. The budget for the summer program has been increased by 20% to $3.1 million, and this, together with lower prices for 2009 project work, will enable Serengeti to drill approximately 6,750 meters in 27 holes, testing nine exploration targets across four properties. In addition, joint venture partner Newcrest Mining BC Limited has received approved work permits for a separate 2,400 meter drill program on Serengeti's Croy Bloom property.
The following table summarizes the number of holes, meters and targets on each property.
-------------------------------------------------------
2009 Discovery Opportunities
-------------------------------------------------------
Property Holes Meters Targets Commodity
-------------------------------------------------------
Kwanika
Central 12 3,400 4 Cu Au Mo
-------------------------------------------------------
Kwanika South 5 1,000 2 Cu Au Mo
-------------------------------------------------------
Osilinka 5 1,000 1 Cu Au Ag
-------------------------------------------------------
Mil 3 750 1 Cu Au
-------------------------------------------------------
Choo 2 600 1 Cu Au
-------------------------------------------------------
Croy Bloom
(Newcrest) 4 2,400 3 Cu Au
-------------------------------------------------------
Total 31 9,150 12 Cu Au Mo Ag
-------------------------------------------------------
The drilling program will start on the Kwanika property where approximately half of the program will test:
- High priority targets around the Central Zone where an Indicated Resource of 75 million tonnes grading 0.41% copper and 0.42 g/t gold was announced on February 25, 2009, (see NR 2009-04).
- Step-outs to the South Zone where 2008 drilling in 14 holes returned an average of 0.36% copper, 0.13 g/t gold and 0.01% molybdenum over an average 82 meter composite intercept. The objectives of the drill program are to significantly expand the known mineralized zones and search for new centers of good grade copper-gold-molybdenum mineralization.
For more information on the prior drill results at Kwanika, visit http://www.corebox.net.
The balance of the drill program funded by Serengeti is as follows:
- 1,000 meters on two other targets in the very large Kwanika block, including three holes on a strong copper-molybdenum geochemical response coincident with an induced polarization (IP) geophysical anomaly 10 km south of the Central zone, and two holes on a copper-gold target at the southern end of the claim block.
- 1,000 meters in five holes to test a highly attractive copper-gold-silver geochemical and coincident IP anomaly on the Osilinka block located 35 km north of Kwanika.
- 750 meters in three holes testing a target with attractive IP geophysical and gold geochemical results on the Mil property located 15 km west of the Mt. Milligan copper-gold deposit. The Mil property is currently held in a 50-50% joint venture with Fjordland Exploration Inc. Serengeti will fund the 2009 drilling and earn additional ownership in the Quest JV including Mil.
- 600 meters in two holes testing a very large IP anomaly on the Choo property. Drilling in the vicinity in the 1990's by a previous owner showed anomalous copper-gold mineralization. Exploration data recently purchased by Serengeti from Amarc Resources Ltd also indicates two additional IP geophysical targets (coincident in one case with a copper geochemical anomaly) on the Choo property and follow up is planned on these new targets this season.
In addition to the program funded by Serengeti, Newcrest Mining BC Limited has received approved work permits for a four hole deep drilling program on Serengeti's Croy Bloom-Davie Creek property located 85 kilometers south of the Kemess mine.
About Serengeti
Serengeti is a mineral exploration company managed by an experienced team of professionals with a solid track record of exploration success. The Company is focused on the advancement of its Kwanika copper-gold project and on the discovery of gold and copper deposits on its extensive portfolio of properties in the highly prospective Quesnel Trough of British Columbia. Additional information on Serengeti's projects can be found on the Company's website at www.serengetiresources.com. Serengeti is well funded to advance its projects with a current working capital position of approximately $8.6 million and a 2009 budget of $3.1 million which includes more than 6,750 meters of planned drilling scheduled to start in June. Furthermore, the Company expects to receive a refund of approximately $2.5 million from the B.C. government's METC program, which amount is not currently included in the working capital position indicated above.
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. Readers are 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.
Contact:
David W. Moore
Serengeti Resources Inc.
President and CEO
604-605-1300
604-899-1240 (FAX)
dmoore@serengetiresources.com
Investor Relations
Serengeti Resources Inc.
604-685-8184
info@serengetiresources.com
www.serengetiresources.com
Serengeti Purchases Exploration Data
* On Monday May 11, 2009, 1:00 pm EDT
http://finance.yahoo.com/news/Serengeti-Purchases-ccn-15202209.html?.v=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 11, 2009) - Serengeti Resources Inc. (TSX VENTURE:SIR - News) wishes to announce that it has entered into an agreement with Amarc Resources Ltd. ("Amarc") to purchase certain proprietary historical exploration data, including geophysical survey and drilling results from work conducted by Amarc on portions of the Choo property which is now held by Serengeti and the Mil property which is held by Serengeti and Fjordland Exploration Inc.
In consideration for the purchase of the data, Serengeti has agreed to issue Amarc 100,000 common shares of Serengeti, subject to acceptance by the TSX Venture Exchange. The shares will be subject to the statutory four month hold period.
About Serengeti
Serengeti is a mineral exploration company managed by an experienced team of professionals with a solid track record of exploration success. The Company is focused on the advancement of its Kwanika copper-gold project and on the discovery of gold and copper deposits on its extensive portfolio of properties in the highly prospective Quesnel Trough of British Columbia. Additional information on Serengeti's projects can be found on the Company's website at www.serengetiresources.com. Serengeti is well funded to advance its projects with a working capital position of approximately $8.8 million and a 2009 budget of $2.7 million which includes more than 6,000 meters of planned drilling scheduled to start in June. Furthermore, the Company expects to receive a refund of approximately $2.5 million from the B.C. government's METC program in 2010, which amount is not currently included in the working capital position indicated above.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Contact:
David W. Moore
Serengeti Resources Inc.
President and CEO
604-605-1300
604-899-1240 (FAX)
dmoore@serengetiresources.com
Investor Relations
Serengeti Resources Inc.
604-685-8184
info@serengetiresources.com
www.serengetiresources.com
Serengeti Resources Inc. (Tier2) (TSX:SIR)
Last Price (CAD)
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Last Trade:15:27:48 EDT Apr-30-09
Serengeti Resource Estimate Confirms 1.6 Million Ounce Gold and 1.1 Billion Pound Copper Indicated Resource at Kwanika
Wed Feb 25, 8:01 AM
http://ca.news.finance.yahoo.com/s/25022009/28/link-f-ccnmatthews-serengeti-resource-estimate-confirms-1-6-million-ounce.html
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 25, 2009) - Serengeti Resources Inc. (TSX VENTURE: SIR.V) is pleased to announce the initial mineral resource estimate for the Central Zone at the Company's 100% owned Kwanika copper-gold property in British Columbia.
The estimate for the Central Zone is based on 78 holes totaling 40,784 meters drilled between 2006 and 2008 which establish the volume, grade, and continuity of the mineralization. The mineral resources are reported within a defined volume and at various cut-off grades as presented below in the table of Kwanika Central Zone Mineral Resources.
At a 0.25% copper equivalent (Cu Eq)(1) cut-off the Kwanika Central Zone Mineral Resources are:
- 182.6 million tonnes of Indicated Mineral Resources grading 0.47% Cu Eq or 0.71 g/t Au Eq, containing 1.62 million ounces of gold and 1.15 billion pounds of copper; AND
- 28.5 million tonnes of Inferred Mineral Resources grading 0.32% Cu Eq or 0.49 g/t Au Eq containing an additional 0.2 million ounces of gold and 120 million pounds of copper.
A higher grade core within the zone, at a 0.4% Cu Eq cut-off, yields:
- 75.1 million tonnes of Indicated Mineral Resources grading 0.69% Cu Eq or 1.05 g/t Au Eq, containing 1.02 million ounces of gold and 680 million pounds of copper.
The estimate was prepared by independent geological and mining consultants, Scott Wilson Roscoe Postle Associate Inc., under the direction of David W. Rennie, P.Eng. an independent Qualified Person, as defined by the National Instrument 43-101. Mr. Rennie has reviewed and approved the contents of this release. A technical report providing details of the estimate will be filed on Sedar ( www.sedar.com) within 45 days.
"We are extremely pleased to have achieved this important milestone at Kwanika," stated Serengeti Resources President and CEO, David W. Moore. "This NI 43-101 compliant Indicated Resource containing 4.2 million ounces gold-equivalent is a very significant building block for the Company. In light of current market conditions, our efforts this year at Kwanika will focus on selectively testing targets in the vicinity of the resource area, including targets mentioned elsewhere in this release, to seek and expand additional high grade mineralized centers," elaborated Moore
Kwanika Central Zone
Indicated Mineral Resources
-----------------------------------------------------------------
CuEq Tonnage Au Au Cu Cu Cu Au Eq
% Cut-off Mt g/t M oz % M lb Eq % g/t
-----------------------------------------------------------------
1.00 10.20 0.90 0.295 0.77 173.0 1.36 2.07
-----------------------------------------------------------------
0.75 21.93 0.70 0.494 0.63 304.9 1.09 1.66
-----------------------------------------------------------------
0.50 48.58 0.51 0.801 0.49 521.3 0.82 1.26
-----------------------------------------------------------------
0.45 59.31 0.47 0.894 0.45 591.6 0.76 1.16
-----------------------------------------------------------------
0.40 75.07 0.42 1.015 0.41 684.0 0.69 1.05
-----------------------------------------------------------------
0.35 98.42 0.37 1.170 0.37 806.4 0.61 0.94
-----------------------------------------------------------------
0.30 133.26 0.32 1.370 0.33 964.8 0.54 0.82
-----------------------------------------------------------------
0.25 182.63 0.28 1.616 0.29 1,152.6 0.47 0.71
-----------------------------------------------------------------
Inferred Mineral Resources
-----------------------------------------------------------------
CuEq Tonnage Au Au Cu Cu Cu Au Eq
% Cut-off Mt g/t M oz % M lb Eq % g/t
-----------------------------------------------------------------
1.00 0.01 0.83 0.000 0.61 0.1 1.16 1.77
-----------------------------------------------------------------
0.75 0.22 0.52 0.004 0.51 2.4 0.86 1.31
-----------------------------------------------------------------
0.50 1.15 0.40 0.015 0.39 9.7 0.65 0.99
-----------------------------------------------------------------
0.45 1.59 0.37 0.019 0.36 12.5 0.60 0.91
-----------------------------------------------------------------
0.40 2.99 0.31 0.030 0.31 20.6 0.52 0.79
-----------------------------------------------------------------
0.35 6.20 0.27 0.053 0.27 36.4 0.44 0.67
-----------------------------------------------------------------
0.30 14.47 0.23 0.106 0.22 71.4 0.37 0.57
-----------------------------------------------------------------
0.25 28.54 0.20 0.181 0.20 122.5 0.32 0.49
-----------------------------------------------------------------
Note 1: Copper and gold equivalent calculations use metal prices of US$2.00/lb for copper and US$900/oz for gold and do not include factors for metallurgical recoveries. Preliminary metallurgical testing on one composite sample from Kwanika has indicated 88.5% recovery for copper and 65.2% recovery for gold in a locked cycle test. Characterization work is underway on gold distribution and additional test work could result in improved gold recovery.
Cu Eq equals Cu % + (Au g/t x (900 / 31.1 / 2.00) / 22.06)
Au Eq equals Au g/t + (Cu % x (22.06 x 2.00) / (900 / 31.1))
Note 2: CIM definitions were followed for mineral resource estimation and classification. By prescribed definition Mineral Resources do not have demonstrated economic viability and Indicated Resources have a higher degree of confidence than do Inferred Resources. The mineral resources fall within a volume or shell defined by long term metal price estimates of US $2.00/lb for copper and $900/oz for gold. A 0.25% Cu Eq cut-off is considered to be reasonable for a porphyry deposit open pit in this location.
Drilling elsewhere on the property has indicated three additional mineralized areas for which drilling density is not currently sufficient to estimate a resource (see table below). The South Zone, has approximate dimensions of 1000 meters by 300 meters; the South historical Zone, 600 meters by 300 meters; the North target is presently defined by one hole (see maps on www.serengetiresources.com). Importantly, all three areas remain open for expansion and additional targets also include a geochemically anomalous trend lying to the east of the Central Zone as well as a very attractive new target located 10 km to the south described in news release #2009-02 dated January 26, 2009. Drilling in any one of these areas could result in the discovery of additional high grade, near surface copper-gold mineralization.
Other Mineralized Zones
------------------------------------------------------------------------
Average Composite Intercept
Cu Eq -----------------------------------
Zone # of Holes %Cut-off (Length m) Cu% Au g/t Mo% Cu Eq%
------------------------------------------------------------------------
South 14 0.25 82 0.36 0.13 0.013 0.53
------------------------------------------------------------------------
South Historical 11 0.25 40 0.31 - 0.008 0.37
------------------------------------------------------------------------
North target 1 - 76 0.42 0.06 trace 0.46
------------------------------------------------------------------------
Note 3: Copper equivalent calculation uses metal prices of US$2.00 per pound for copper, US$900/oz for gold and US$15/lb for molybdenum with no provision for metallurgical recoveries.
Cu Eq equals Cu % + ((Mo % x 15/2.00) + (Au g/t x 900 / 31.1 / 2.00 / 22.06))
Note 4: Gold data are not available for the South Zone historical drilling.
The Kwanika discovery has demonstrated that important tonnages of higher grade, supergene-enriched porphyry copper-gold mineralization can occur in the Quesnel Trough of B.C., where very favorable geology for hosting these deposits is blanketed by widespread overburden. Modern geophysical techniques are now able to penetrate this overburden cover and open up this very large under-explored area for exploration. Within this region, Serengeti has extensive holdings with many high quality exploration targets which remain to be tested.
About Serengeti
Serengeti is a mineral exploration company managed by an experienced team of professionals with a solid track record of exploration success. The Company is focused on the advancement of its Kwanika copper-gold project and on the discovery of gold and copper deposits on its extensive portfolio of properties in the highly prospective Quesnel Trough of British Columbia. Additional information on Serengeti's projects can be found on the Company's website at www.serengetiresources.com. Serengeti is well funded to advance its projects with a working capital position of approximately $9.0 million.
Quality Assurance/Quality Control
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. Sample analysis for the Kwanika drilling was completed at Global Discovery Lab in Vancouver, BC. A comprehensive quality assurance/quality control program formed part of the sampling protocol in addition to the laboratory's own quality assurance program.
Cautionary Statement
This document contains "forward-looking statements" within the meaning of applicable Canadian securities regulations. All statements other than statements of historical fact here-in, including, without limitation, statements regarding exploration results and 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Contacts
David W. Moore
Serengeti Resources Inc.
President and CEO
(604) 605-1300
(604) 899-1240 (FAX)
Email: dmoore@serengetiresources.com
Investor Relations
Serengeti Resources Inc.
(604) 685-8184
Email: info@serengetiresources.com
Website: http://www.serengetiresources.com
Serengeti Resources Inc. (TSX-V: SIR) is a Vancouver based junior exploration company focused on exploration for copper (Cu), gold (Au) and molybdenum (Mo) deposits in the Quesnel Trough, Northern British Columbia - the largest copper-gold porphyry belt in Canada.
A management team highly experienced in the resources sector and associated with numerous successful discoveries leads Serengeti. The Company is mandated for growth, which it strives to achieve by advancing the value of its drill-ready portfolio of properties.
http://www.serengetiresources.com
SERENGETI RESOURCES INC. (Tier2 (CDNX:SIR.V) Delayed quote data Edit
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Serengeti Reports Results From Croy Bloom; Followup Drilling Planned
Wed Jan 21, 8:30 AM
http://ca.news.finance.yahoo.com/s/21012009/28/link-f-ccnmatthews-serengeti-reports-results-croy-bloom-followup-drilling-planned.html
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 21, 2009) - Serengeti Resources Inc. (TSX VENTURE: SIR.V) reports the results of a drilling program completed by Newcrest Mining BC Limited on the Serengeti's Croy Bloom property located in the Quesnel Trough of north-central British Columbia.
Four holes totaling 2,473 meters were drilled testing several large coincident geochemical and geophysical anomalies in September/October 2008. Newcrest completed this first phase program as a part of a multi-year option agreement under which Newcrest may spend $10.0 million to earn a 51% joint venture interest in Serengeti's Croy Bloom/Davie Creek property. Highlights of the drill program are as follows and summary results are provided in the table below.
- Two holes, (CBB001 and CBB002), drilled on the Bloom Cirque target intersected locally strongly altered andesite, diorite, monzodiorite and breccias hosting widespread moderate copper and weaker gold mineralization from surface to over 680m in depth. The broadest mineralized interval, 136 meters grading 0.10% Cu was encountered in hole CBB001. Hole CBB002 drilled elsewhere in the same target intersected several narrower intervals including; 26 meter grading 0.12% copper and a 5 meter interval near the bottom of the hole grading 0.22% copper, trace gold.
- One hole, (CBR001), testing the Raven target intersected locally pyritic andesite and diorite with alteration intensity increasing down-hole. The highest values encountered include 1.02% copper over a meter at 327 meters and 2.9 g/t gold over 2 meters at 380 meters.
- A hole (CBD001), on the Davie Creek property encountered several narrow intercepts of molybdenite mineralization including 0.188% Mo over 0.3 meters and 0.056% Mo over 2 meters indicating that the hole was drilled peripheral to the Davie Creek molybdenum zone.
In providing the results, Newcrest has indicated that they intend to conduct a follow up drill program in the summer of 2009.
--------------------------------------------------------------------------
Croy Bloom/Davie Creek Significant Analytical Results
--------------------------------------------------------------------------
From To Interval Copper Gold Silver Mo Orientation
Hole (m) (m) (m) % g/t g/t % dip/az
--------------------------------------------------------------------------
192.0 202.0 10.0 0.05 0.17 0.4 -
-----------------------------------------------------
235.0 243.0 8.0 0.08 0.10 0.6 -
-----------------------------------------------------
CBB001 302.0 438.0 136.0 0.10 0.03 0.3 - -60 degrees/
----------------------------------------------------- 50 degrees
Incl. 438.0 10.0 0.18 0.09 0.3 -
428.0
-----------------------------------------------------
507.0 508.0 1.0 0.90 0.62 3.0 -
--------------------------------------------------------------------------
26.0 30.0 4.0 0.12 0.01 0.6 0.001
-----------------------------------------------------
67.0 68.0 1.0 0.16 0.01 0.7 0.001
-----------------------------------------------------
117.0 143.0 26.0 0.12 0.01 0.2 0.001
-----------------------------------------------------
198.0 226.0 28.0 0.10 0.02 0.3 - -60 degrees/
CBB002 ----------------------------------------------------- 230 degrees
342.0 356.0 14.0 0.10 0.01 0.1 -
-----------------------------------------------------
380.0 383.0 3.0 0.17 0.01 0.2 0.002
-----------------------------------------------------
670.0 672.0 2.0 0.08 0.63 0.4 -
-----------------------------------------------------
681.0 686.0 5.0 0.22 0.05 - -
--------------------------------------------------------------------------
118.0 124.8 6.8 0.02 0.29 0.4 -
-----------------------------------------------------
275.3 277.1 1.8 0.76 0.32 5.6 0.003
-----------------------------------------------------
327.0 328.0 1.0 1.02 0.19 10.1 -
-----------------------------------------------------
CBR001 351.6 352.8 1.2 0.32 0.29 5.1 - -60 degrees/
----------------------------------------------------- 270 degrees
380.0 382.0 2.0 - 2.90 0.5 -
-----------------------------------------------------
458.0 460.0 2.0 0.01 0.48 0.8 -
-----------------------------------------------------
499.0 501.0 2.0 0.01 0.64 1.3 -
--------------------------------------------------------------------------
487.7 488.0 0.3 - 0.01 1.5 0.188 -58 degrees/
CBD001 ----------------------------------------------------- 225 degrees
506.0 508.0 2.0 - 0.01 3.5 0.056
--------------------------------------------------------------------------
About Serengeti
Serengeti is a mineral exploration company managed by an experienced team of professionals with a solid track record of exploration success. The Company is focused on the advancement of its Kwanika copper-gold project and on the discovery of copper-gold deposits on its extensive portfolio of properties in the highly prospective Quesnel Trough of British Columbia. Additional information on Serengeti's projects can be found on the Company's website at www.serengetiresources.com. Serengeti is well funded to advance its projects with a working capital position of approximately $9.2 million.
Quality Assurance/Quality Control
Sample analysis for the current program was completed at Global Discovery Lab in Vancouver, BC. A comprehensive quality assurance/quality control program including blanks and standards formed part of the sampling protocol in addition to the laboratory's own quality assurance program. Individual copper values exceeding 2000ppm and gold values exceeding 100ppb were assayed and these intervals combined with geochemical determinations on the balance of the samples, with all results reported in % and g/t respectively. This procedure will generally result in an understatement of the average grades. The field program was supervised by John Woodman CPG, Senior Geologist for Newcrest Mining BC Limited. 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.
Cautionary Statement
This document contains "forward-looking statements" within the meaning of applicable Canadian securities regulations. All statements other than statements of historical fact here-in, including, without limitation, statements regarding exploration results and 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.
The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.
Contacts
David W. Moore
Serengeti Resources Inc.
President and CEO
(604) 605-1300
(604) 899-1240 (FAX)
Email: dmoore@serengetiresources.com
Investor Relations
Serengeti Resources Inc.
(604) 685-8184
Email: info@serengetiresources.com
Website: www.serengetiresources.com
Serengeti Drills Major Copper-Gold Intercept on Kwanika
Property 111 metres of 0.69% copper and 0.54 g/t gold
NR: SIR 2007-1
Vancouver, B.C., January 9, 2007 . . .
Serengeti Resources Inc.
(TSX-V: SIR) is pleased to report that assay results of hole K-06-9, from the recently completed second phase of drilling on its 100% owned Kwanika property confirm the discovery of a potentially major new copper-gold mineralized zone.
Kwanika is situated in the prolific Quesnel Trough, between the operating Kemess Mine and Mt. Milligan development project
and is accessible by road from Ft. St. James, B.C.
Hole K-06-9, which was drilled vertically, intersected a
sulphide zone averaging 0.69 % copper and 0.54 g/t gold
over 111.13 metres including a high grade zone located
near its base averaging 1.49% copper
and 1.90 g/t gold over 22.15 metres.
An overlying, 34 metre thick native copper bearing
oxidized zone was intersected above the sulphide zone.
Full results from the hole are presented in the table below. K-06-9 was drilled near the center of a large induced polarization (IP) geophysical anomaly which potentially
indicates a large sulphide system measuring 2500 metres
long by 300 to 700 metres wide.
A plan map of the drill holes at Kwanika can be found
on Serengeti's website at
http://www.serengetiresources.com
"This is a significant result and represents one of the best holes drilled on a greenfields porphyry copper-gold discovery
in British Columbia in a long time," stated President and
CEO David Moore.
"The grade of this hole compares very favourably with
the Kemess Mine (0.21% copper, 0.65 g/t gold) and
Mt Milligan (0.25% copper, 0.6g/t gold).
The potential size of the system is large and equally exciting
is the fact that the best grades appear to be interrupted
near the bottom of the hole by several more recent
crosscutting dykes, which strongly suggests that the
mineralized system may extend to greater depth,"
explained Moore.
"We are currently planning a large follow-up drill program
which will take advantage of the fact that Kwanika is a road-accessible, year-round project".
Zone From (m) To (m) Interval (m) Cu % Au g/t Ag g/t
Oxide 73.10 107.15 34.05 0.18 0.09 0.6
Sulphide 112.62 223.75 111.13 0.69 0.54 2.3
including
Sulphide 112.62 172.0 59.38 0.58 0.24 2.1
and
Dyke 172.0 183.85 11.85 trace trace trace
and
Sulphide 183.85 206.0 22.15 1.49 1.90 4.6
and
Sulphide 206.0 209.35 3.35 0.56 0.28 1.9
and
Dyke 209.35 217.15 7.80 0.02 trace 0.1
and
Sulphide 217.15 223.75 6.60 1.02 0.34 3.4
Dyke 223.75 230.74 6.99 trace 0.09 trace
(EOH)*
* End of Hole
K-06-9 is the southernmost of five holes drilled in November within the central part of the large IP chargeability anomaly described above (See News Release dated December 8, 2006).
Three of these holes plus an earlier hole (K-06-4) were drilled on a fence 250 metres north of K-06-9 and a fourth hole was drilled a further 250 metres to the north, near the eastern
edge of the IP anomaly.
Altered and variably mineralized rocks were encountered in all five holes from the current program, with K-06-9 yielding the strongest visible signs of copper mineralization to date.
The current interpretation by company geologists is that these northern holes may have been drilled either to too shallow a depth or peripheral to the mineralized intrusive(s).
The target remains completely untested by diamond drilling
south of K-06-9. The remaining holes from the current program have been submitted for analysis and the balance of
the results will be provided when available.
Analytical results from the current program were completed at Global Discovery Labs in Vancouver, BC.
A comprehensive quality assurance/quality control program including duplicate samples, blanks and standards formed
part of the sampling protocol in addition to the laboratory's
own quality assurance program.
The field program was supervised by Markus Vanwermeskerken, P. Geo., who is an independent qualified person under the
definition of National Instrument 43-101.
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.
Serengeti is a mineral exploration company managed by
an experienced team of professionals with a solid track
record of exploration success.
The Company is focused on the discovery and development of copper-gold and molybdenum deposits in British Columbia, especially in the highly prospective Quesnel Trough where
it owns a 100% interest in 76,982 hectares in 14 separate
claim blocks.
Additional information can be found
on Serengeti's website at
www.serengetiresources.com .
For further information, please contact:
David W. Moore,
President and CEO,
Serengeti Resources Inc.,
ph. 604-605-1300
Email: dmoore@SerengetiResources.com
Website: www.serengetiresources.com
Investor Relations:
Almira Bardai,
ph. 604-731-7340
Email: info@SerengetiResources.com
The TSX Venture Exchange has neither approved nor
disapproved the contents of this news release
http://tinyurl.com/y9ppm2
http://www.investorshub.com/boards/board.asp?board_id=7965
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Serengeti Resources Inc. -
Serengeti Resources Inc.
is a mineral exploration company with a strong
Globally experienced management team who bring
a solid track record of exploration success.
The company is focused on the discovery of copper gold
and molybdenum deposits in British Columbia,
especially in the Stewart-Eskay Creek mining camp
and the highly prospective Quesnel Trough,
the geological setting of recent
new discoveries at Mt. Polley and
Kemess North.
David Moore and Serengeti Resources
featured on Biography Channel -
Click Here below watch the interview -
http://www.ceoclips.com/media/ceo_00173_serengeti_300.asx
Business Description:
Engaged in the business of exploring and developing -
their mineral properties and have not yet determined -
whether they contain economically -
recoverable reserves.
Address:
602 west Hastings Street, suite 500,
Vancouver, BC, CN V6B 1P2
Telephone:
(604) 605-1300
Website:
http://www.serengetiresources.com/s/Home.asp
Facsimile:
(604) 899-1240
Email:
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