Tuesday, January 17, 2017 Derek Macpherson

Savary's Drill Results Point to Resource Growth

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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

Monday, November 21, 2016 Derek Macpherson

Savary to Restart Drilling at Karankasso JV

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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

Tuesday, October 04, 2016 Derek Macpherson

RCKS Fall Mining Showcase Presenter Preview

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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

Tuesday, July 19, 2016 Derek Macpherson

Reasonable Drill Results from Karankasso JV (SCA/SWA)

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Savary Gold Corp (TSXV:SCA) and Sarama Resources Ltd (TSXV:SWA) provided an update from the ongoing drill program at the Karankasso JV (66.3% SCA/33.7% SWA) project in Burkina Faso. While the highlight results were impressive 9.75 g/t over 7m and 1.73 g/t over 28m and the uncut weighted average grade was over 2 g/t, the overall results only returned an average width of 3m, which we would consider to be narrow for open-pit mining. However, it remains early days and the results continued to extend mineralization along strike at depth in multiple areas suggesting resources are likely to grow beyond the currently defined 680k ounces. While the results may have missed elevated expectations, they do not appear to warrant he 25% decline Savary’s share price experienced. read more


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