Savary Gold (SCA.V) has released an exploration update on its 65% owned Karankasso joint venture project in Burkina Faso (with Sarama Resources (SWA.V) owning the remaining 35% stake). 2/3rds of the planned 15,000 meter drill program has now been completed and Savary Gold was able to intersect several gold-bearing zones on the property.
The drill bit intersected 41 meters of 3.33 g/t gold as well as 10 meters of 6.61 g/t and 4 meters of almost 14g/t gold. Those are really good intercepts and highlight the potential of the Karankasso project which has a 45 kilometer strike length. These results were pretty good, and Savary extended its drill program to follow up on those first results, and earlier this week, Savary released the results of some more drill holes with 17 meters of 2.03 g/t gold and 2 meters at almost 20 g/t gold.
Savary has now drilled almost 15,000 meters in 115 drill holes and it will now be interesting to see if Savary Gold will carry out a PEA in the rainy season in Burkina Faso.
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Disclosure: The author holds no position in Savary Gold. Please see our disclaimer for current positions.
