Serengeti Locates Gold-Silver Showing on Twin Property
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 7, 2004) - Serengeti
Resources Inc. (TSX VENTURE:SIR) David W. Moore, President and CEO of
Serengeti Resources Inc., is pleased to announce that the Company has
located a surface showing with elevated gold-silver values on the Twin
property. Twin is located on the Granduc Mine road, 32 kilometers north
of Stewart and four kilometers south of the Tide property where
Serengeti and partner Rimfire Minerals Corporation recently announced
the discovery of a very high grade gold-silver surface showing (values
up to 593 g/t Au and 14708 g/t Ag), as well as a drill intercept grading
1.0 g/t gold over 129.4 meters in a separate zone (see News Releases
dated November 23 and November 28, 2004).
The highlight of the exploration program conducted on the Twin property
in 2004 was the location of two old trenches, 15 meters apart, which
returned values in chip samples of 11.5 g/t gold, 93 g/t Ag over 1.7
meters and 11.6 g/t gold, 141 g/t silver over 3 meters. This
mineralization is associated with an east-west trending silicified zone
containing minor arsenopyrite, galena and sphalerite. Soil sampling
during the course of the recent program, 75 meters down slope of these
trenches, outlined a strong gold-arsenic-silver anomaly at least 125
meters wide which is unlikely to be solely caused by the mineralized
zone located to date. Sampling elsewhere on the 7.5 square kilometer
Twin property returned values from trace to 0.71 g/t gold in 15 rock
samples. Limited stream sediment geochemical sampling during the course
of the recent program also identified an anomalous drainage containing
166 parts per billion gold, from an area one kilometer to the south of
the mineralized trenches. Twin is one of a portfolio of five properties
in which Serengeti may earn a 100% interest (see News Release dated July
8, 2004).
The vein style of mineralization located to date at Twin is similar in
character to that at the formerly producing Snip gold mine (one million
ounces total production); or to the formerly producing Scottie gold mine
located one kilometer to the west of Twin; and to the recently announced
high grade gold-silver surface discovery on the Tide property.
Follow-up of these encouraging results as well as prospecting of a
geological horizon on the eastern side of the Twin property believed to
be age equivalent to the rocks hosting the Eskay Creek gold-silver
deposit is planned for the 2005 field season.
Analytical results from the current program were completed at ALS Chemex
in North Vancouver, BC. The technical information in this news release
has been prepared in accordance with Canadian regulatory requirements
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 under experienced new
management who bring a solid track record of discovery. Serengeti is
focused on discovery copper-gold and gold-silver deposits in British
Columbia, especially in the highly prospective Quesnel Trough and
Stewart mining camps.
AI
