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Thursday, May 04, 2017 Derek Macpherson

SCA Continues to Grow Karankasso


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Savary Gold Corp (TSXV:SCA) released final drill results which extended the S-Nosa area and the Kueredougou West Deposit at its Karankasso JV Project (69.5% SCA/30.5% SWA), in Burkina Faso. The S-Nosa area results intersected strong mineralization for the first time ~425m east of the north end of the Keuredougou resource estimate. In addition, the company intersected a 100m step out hole of 2.96 g/t Au over 7m, along strike and to the north end of the Kueredougou West Zone, which has been extended by ~50% to a strike length of ~2,700m. The results were part of a ~9,500m Phase 2 drill program completed at the end of March, which will be followed up by a 8,000m (125 holes) drill program in mid-May. The objective is to pursue new discoveries, grow the current resource and test the gold-in-auger anomalies identified during Phase 2. We believe the results of the upcoming Phase 3 program should further demonstrate Karankasso’s resource growth potential. Savary currently trades at a discount to peers (C$23/oz vs. peers at C$42/oz), we expect continued exploration success along with a resource update planned for H2 2017, should benefit the company’s share price.


 
Derek Macpherson | VP Mining Analysis
Victoria Ellis Hayes | Associate
 
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Company Specific Disclosure Details
Sarama Resource Ltd. - TSXV:SWA - 2, 3, 4
Savary Gold Corp. - TSXV:SCA - 3, 4, 6, 7

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