Serengeti Announces Initiation of Targeted Summer Field Program
24 Juin 2014 - 2:30PM
Marketwired
Serengeti Announces Initiation of Targeted Summer Field Program
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 24, 2014) -
Serengeti Resources Inc. (TSX-VENTURE:SIR)(FRANKFURT:34S) reports
the start of a modest summer exploration program designed to
advance several of the Company's best exploration targets towards
the drill stage. Work is planned at Rottacker, adjacent to
Serengeti's resource-stage Kwanika property; at the RCN in the Red
Chris - North Rok area; and on the UDS property located adjacent to
the Kemess North / East underground copper-gold project.
At the Rottacker property, located 25 km southeast of Kwanika,
prospecting in 2013 located copper-gold-silver mineralization in
boulders and outcrop in a geological setting similar to that
present at Kwanika Central Zone. The target area has not previously
been tested by IP geophysics or drilling and potentially lies
within the Kwanika project economic area of influence, making it a
high priority for follow up. Work planned in the current program is
geological mapping, soil geochemistry and establishment of grid
access for future IP geophysics.
At the RCN property, located 8 km north of North Rok copper-gold
deposit in Red Chris area of northwestern BC, prospecting in 2013
field season located an outcrop of quartz-sericite-pyrite
alteration with a grab sample returning 0.59% Cu, 1.54 g/t Au.
Planned work in the current program at RCN includes reconnaissance
IP geophysics, soil geochemistry and additional prospecting to
identify a future drill target.
The 100%-owned UDS claim block, comprises 2,163 hectares of
highly prospective ground located immediately east of AuRico Gold's
proposed Kemess North underground copper-gold project. A thorough
compilation of this structurally complex area has been completed
and has identified at least five target areas for follow-up.
Geological mapping this summer is aimed at targeting prospective
areas for follow-up deep penetrating IP geophysics and eventual
drilling to test for buried porphyry systems.
"We are pleased to be able to conduct this exploration program
on some of our best targets," stated Serengeti's President &
CEO David Moore. "These properties are each located in a highly
prospective area with excellent potential for the discovery of
copper-gold deposits and this work is a necessary step in advancing
them along the road to discovery."
About Serengeti Resources Inc.
Serengeti is a mineral exploration company managed by an
experienced team of professionals with a solid track record of
exploration success. The Company is currently advancing its Kwanika
copper-gold project and exploring its extensive portfolio of
properties in the highly prospective Quesnel Trough of British
Columbia. A number of these projects are available for option-joint
venture and additional information can be found on the Company's
website at www.serengetiresources.com. Serengeti has 51.1 million
shares issued and outstanding or 58.1 million shares on a fully
diluted basis.
Quality Assurance/Quality Control
The technical information in this news release has been prepared
in accordance with Canadian regulatory requirements as set out in
National Instrument 43-101, and reviewed by the Company's qualified
person, David W. Moore, P. Geo., President and CEO of Serengeti
Resources Inc.
ON BEHALF OF THE BOARD
David W. Moore, P. Geo., President, CEO and Director
Cautionary Statement
This document contains "forward-looking statements" within the
meaning of applicable Canadian securities regulations. All
statements other than statements of historical fact herein,
including, without limitation, statements regarding exploration
plans and other future plans and objectives, are forward-looking
statements that involve various risks and uncertainties. There can
be no assurance that such statements will prove to be accurate and
future events and actual results could differ materially from those
anticipated in such statements. Important factors that could cause
actual results to differ materially from our expectations are
disclosed in the Company's documents filed from time to time via
SEDAR with the Canadian regulatory agencies to whose policies we
are bound. A comprehensive list of risk factors is provided in the
Company's Annual Information Form ("AIF") for the year ended
February 28, 2013 and filed on SEDAR on July 15, 2013. Readers are
further advised not to place undue reliance on forward-looking
statements.
Neither the TSX Venture Exchange nor its Regulation Services
Provider accepts responsibility for the adequacy or accuracy of
this release.
Investor Relations:Paradox Public Relations514-341-0408Toll free
(in North America) 1-866-460-0408info@paradox-pr.caSerengeti
Resources
Inc.604-605-1300info@serengetiresources.comwww.serengetiresources.com
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