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Savary Gold Corp (TSXV:SCA), along with its partner Sarama Resources Ltd (TSXV:SWA), announced results from 22 step-out and infill holes, totalling ~3km, drilled at the Karankasso JV project (69.5% SCA/30.5% SWA) in Burkina Faso. Today’s results returned a weighted average grade of 1.79 g/t Au over a relatively narrow average width of 3.2m. Although the weighted average grade of today’s results is below the current resource grade, results continue to extend mineralization to depth and along strike at the Karangosso and Diosso South zones and were highlighted by a wider interval of 7.5m returning 6.73 g/t Au (HE-RCD-16-56). In our view, recent results imply that resources are likely to grow beyond the currently defined 671k oz (9.2M tonnes at 2.28 g/t Au – Inferred) with the update planned for later this year. Prior to that, results from the upcoming 10km drill program is likely benefit Savary’s share price, which at C$26/oz, trades at a discount to peers (C$39/oz). read more
Savary Gold Corp (TSXV:SCA) along with its partner, Sarama Resources Ltd (TSXV:SWA), announced it has initiated a new exploration program at its Karankasso JV project (69.5% SCA / 30.5% SWA) in Burkina Faso. The drill program consists of up to 21km infill and step-out drilling and is focused on extending the in-pit resources along strike at Karangosso, Kueredougou West, Diosso South and West Trend. We view Karankasso as having meaningful exploration upside and expect resources to grow beyond the current 671k oz (9.2M tonnes at 2.28 g/t Au), when updated in H2 2017. Prior to that, exploration success at Karankasso is likely to benefit both Savary and Sarama’s share price which trade at C$28/oz and C$6/oz, respectively, versus peers at C$63/oz. read more
On Thursday October 6th, Red Cloud Klondike Strike Inc. will be hosting its 4th Annual Fall Mining Showcase. The event, that will offer attendees the opportunity to meet with a number of companies, features presentations from 20 companies and a buy-side discussion panel comprised of three of the industry’s most influential fund managers. Visit the event page for more details on the day’s schedule. In this post we provide a brief preview on the 20 presenting companies and 8 banner sponsors that will also be in attendance. read more
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