Kwanika Copper Corporation Drills 500 Metres of 0.66% Cu, 0.80g/t Au (2.19 g/t Au Eq) Including 113 Metres of 1.31% Cu, 1.31 g/t Au (4.09 g/t Au Eq) from near surface at Kwanika
Press Release
Vancouver, B.C., November 13, 2018. Serengeti Resources Inc. (SIR: TSX-V) (“Serengeti” or “the Company”) is pleased to report the second batch of assay results from the 2018 drilling campaign completed at the Kwanika Project in north-central BC. The fully funded 2018 drilling program is part of the ongoing Kwanika Pre-Feasibility Study (“PFS”) scheduled for completion in mid-2019, as described in Serengeti Resources’ press release dated September 11th, 2018. Kwanika Copper Corporation (“KCC”), is a private company jointly owned by SERENGETI RESOURCES Inc. (65%) and POSCO DAEWOO Corporation (35%).
“These most recent results continue to demonstrate the terrific potential of the Kwanika project. The current holes encountered generally higher grades than we would have predicted from the prior PEA resource model and further demonstrate that our strategic objective of increasing both the resource grade and tonnage of the Central Zone at Kwanika is a reasonable objective of the current program. Furthermore, the holes in the current release demonstrate the potential to expand the open pit-able portion of the deposit” stated David W Moore, President & CEO of Serengeti and President of Kwanika Copper Corp.
Project Highlights
- K-182: 0.80 g/t Au, 0.66% Cu, 2.24 g/t Ag (2.19 g/t AuEq) over 500.3 m, from 25.00 to 525.3 m
- Including 1.3 g/t Au, 1.3% Cu, 4.12 g/t Ag (4.09 g/t AuEq) over 113.0 m, from 25.00 to 138.0 m
- K-187: 0.66 g/t Au, 0.59% Cu, 2.03 g/t Ag (1.91 g/t AuEq) over 226.4 m, from 24.8 to 251.2 m
- Including 1.57 g/t Au, 1.05% Cu, 3.75 g/t Ag (3.81 g/t AuEq) over 75.4 m, from 24.8 to 100.2 m
IBF4
