9 m of 7.97 g/t Au Trench Sampling and 61.6 g/t Au from Rock Chip Sampling

Vancouver, British Columbia–(Newsfile Corp. – March 15, 2024) – Sanu Gold Corporation (CSE: SANU) (OTCQB: SNGCF) (“Sanu Gold” or the “Company”) is pleased to announce additional results of trench and rock chips sampling from the Daina 1 South and Daina 6 Targets of the Daina Gold Exploration Permit (“Daina”), located in the prolific Siguiri Basin of Guinea, West Africa.

Highlights Include

Strong Mineralization in Trenches at Surface: 9 m of 7.97 g/t Au, including 3 m of 21.75 g/t Au in trench DAI-TR-007 at Daina 1 South.

High-Grade Samples in Multiple Locations: Rock chip samples collected at across the Daina 1 South and Daina 6 target areas returned grades as high as 61.6 g/t Au, 22.3 g/t Au and 20 g/t Au.

Compelling Targets Emerging: The newly identified high-grade mineralization at Daina 1 South is undrilled and represents a new high-priority target on the Daina Permit.

Systematic Approach to Gold Discovery: Workings and gold mineralization at the Daina 1 South and Daina 6 targets are located within an extensive termite mound and auger gold anomaly aligning with a shear zone trend.

Martin Pawlitschek, President, and CEO of Sanu Gold commented: “The results from the sampling at Daina 1 South and Daina 6 demonstrate that there remains significant untested potential on the Daina permit. While the Company is focused on advancing the work at Bantabaye towards follow-up drilling on its discovery, short tactical campaigns of sampling on geophysics serve to advance the Daina targets while also keeping the permit in good standing.”

Trenching Program

Twelve trenches totaling 104 meters were completed at Daina 1 south (Figure 1 and Table 1) and four trenches totaling 36 meters completed at Daina 6 (Figure 2 and Table 1). All of these trenches were completed in artisanal workings where saprolitized bedrock is exposed by local miners. Geological and structural observations indicate that all trenches at Daina 1 South and Daina 6 targets sampled sheared and hydrothermally altered greywacke and mineralized quartz veinlets and stockworks (Figure 2) that are the main target for the local miners. The gold mineralization at those artisanal working sites at Daina 1 South and Daina 6 are located along NNW-trending and NNE-dipping gold structures that align with extensive termite mound and auger gold anomalies (Figures 1 and 3).

At Daina 1 South, DAI-TR-007 is mineralized in its entire length and returned 9 m of 7.97 g/t Au, including 3 m of 21.75 g/t Au. All samples from DAI-TR-011 returned gold values above detection limit, with 6 of 9 samples returning grades above 1.0 g/t Au, including 1 m of 59.3 g/t Au and 1 m of 4.67 g/t Au. The trench DAI-TR-011 is 7 meters long and returned 7 m of 1.22 g/t Au. The other trenches completed at Daina 1 South returned significant gold intercepts including:

  • DAI-TR-001: 1m of 0.39 g/t Au, 2m of 0.34 g/t Au and 1m of 0.37 g/t Au

  • DAI-TR-004: 1m of 1.38 g/t Au

  • DAI-TR-005: 1m of 0.67 g/t Au

  • DAI-TR-008: 4m of 0.8 g/t Au

  • DAI-TR-009: 8m of 0.43 g/t Au

  • DAI-TR-010: 10m of 0.71 g/t Au

  • DAI-TR-012: 15m of 0.64 g/t Au

At Daina 6, DAI-TR-015 returned 9 m of 1.2 g/t Au and DAI-TR-016 returned 3 m of 4.66 g/t Au, including 1 m of 12.6 g/t Au: Both trenches sampled highly deformed coarse-grained greywacke. Gold is associated with a zone of strong hydrothermal alteration and quartz vein stockwork and breccia zones that form locally gossans in the weathered profile. These stockwork veins and breccia zones are target areas for artisanal miners and contain high-grade gold mineralization. The two other trenches returned significant intercepts including:

Rock Chip Sampling Program

During the program a total of 66 rock chip samples were taken from altered outcrops along the structure at Daina 1 South in artisanal working pits. 36 samples returned values above 1 g/t Au and include grades of 61.6 g/t, 22.3 g/t, 20 g/t, 16.1 g/t, 13 g/t, 12.9 g/t, 12.8 g/t, 10.7 g/t, 9 g/t, 7.17 g/t, 6.72 g/t, 6.61 g/t, 5.92 g/t, 5.84 g/t and 5.07 g/t Au (Figure 1 and Table 2). These samples were comprised of highly sheared, hydrothermally altered and locally brecciated greywacke rocks crosscut by large quartz vein system.

At Daina 6, 36 rock chip samples were collected from saprolitized bedrock in artisanal working pits.

10 samples returned values more than 1 g/t Au and include grades of 10.6 g/t, 9.11 g/t, 7.02 g/t, 6.56 g/t, 6 g/t, 3.47 g/t, 3.09 g/t, and 2.79 g/t Au (Figure 3 and Table 2). These samples consisted of strongly hydrothermally altered coarse-grained greywacke invaded by zones of quartz vein stockwork and breccia that contain high gold mineralization.

 
Figure 1: Daina 1 South map showing geological and structural features, drill hole surface plan, artisanal workings and highlighted assays results from Trenching and Rock chips sampling Program.
 
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8941/201820_627011f2b40e5b46_001full.jpg

 
Figure 2: Example of stockwork-like intersecting vein arrays hosted in saprolithic greywacke at Daina 1 South.
 
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8941/201820_627011f2b40e5b46_002full.jpg

Table 1: Daina 2004 Trench intercepts.

Trench ID

X-UTM

Y-UTM

Intercept

Interval

From

Area

Length

Azimuth

Dip

(m)

(o)

(o)

(g/t Au)

(m)

(m)

DAI-TR-001

504856

1311295

20

218

0

0.39

1

8

Daina 1 South

0.34

2

12

0.37

1

18

DAI-TR-002

504849

1311263

4

165

0

NSV

Daina 1 South

DAI-TR-003

504854

1311257

10

60

0

NSV

Daina 1 South

DAI-TR-004

504845

1311291

5

342

0

1.38

1

1

Daina 1 South

DAI-TR-005

504860

1311209

4

65

0

0.67

1

2

Daina 1 South

DAI-TR-006

504745

1311193

7

150

0

NSV

Daina 1 South

DAI-TR-007

504750

1311188

10

40

0

7.97

9

1

Daina 1 South

Including

21.75

3

1

DAI-TR-008

504756

1311195

4

60

0

0.80

4

0

Daina 1 South

DAI-TR-009

504753

1311198

7

155

0

0.43

8

0

Daina 1 South

DAI-TR-010

504372

1311241

11

155

0

0.71

10

1

Daina 1 South

DAI-TR-011

504736

1311231

7

65

0

1.22

7

0

Daina 1 South

DAI-TR-012

504731

1311243

15

155

0

0.64

15

0

Daina 1 South

DAI-TR-013

501729

1319151

9

115

0

0.37

2

0

Daina 6

1.12

2

6

DAI-TR-014

501738

1319103

7

70

0

0.47

4

1

Daina 6

DAI-TR-015

501762

1319069

14

160

0

1.2

9

1

Daina 6

DAI-TR-016

501768

1319049

6

160

0

4.66

3

0

Daina 6

Including
 

12.6

1

0

Notes: The Company does not have sufficient information to make a determination of the true widths of the trench intersections reported in this release. Trench intercepts are calculated using a minimum length of ≥1 m, a cut-off grade of 0.3 g/t gold, and may include up to 3 m of internal dilution within the intercept. Only intercepts ≥1 m are reported. Sample intervals are comprised of trench chips, which are sampled at regular 1 m intervals. Assays are reported uncut. Grid coordinates are UTM WGS84 Zone 29N. NSV = no significant values.

 

 
Figure 3: Daina 6 map showing geological and structural features, drill hole surface plan, artisanal workings and highlighted assays results from Trenching and Rock chips sampling Program.
 
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8941/201820_627011f2b40e5b46_003full.jpg

Table 2: Daina 2004 Rock chips sampling Results.

ID

Sample ID

X_UTM (m)

Y_UTM (m)

RL

Au (g/t)

Target

1

DAI-14383

504726

1311238

364

61,6

Daina 1 south

2

DAI-14368

504709

1311225

378

22,3

Daina 1 south

3

DAI-14522

504711

1311229

362

20

Daina 1 south

4

DAI-14502

504730

1311236

368

16,1

Daina 1 south

5

DAI-14520

504712

1311231

362

13

Daina 1 south

6

DAI-14512

504733

1311240

368

12,9

Daina 1 south

7

DAI-14381

504728

1311249

367

12,8

Daina 1 south

8

DAI-14511

504732

1311240

369

10,7

Daina 1 south

9

DAI-14506

504723

1311244

370

9

Daina 1 south

10

DAI-14521

504711

1311229

362

7,17

Daina 1 south

11

DAI-14396

504730

1311246

374

6,72

Daina 1 south

12

DAI-14395

504728

1311245

370

6,61

Daina 1 south

13

DAI-14376

504734

1311251

367

5,92

Daina 1 south

14

DAI-14504

504723

1311244

370

5,84

Daina 1 south

15

DAI-14397

504737

1311239

370

5,07

Daina 1 south

16

DAI-14380

504733

1311251

367

4,17

Daina 1 south

17

DAI-14375

504734

1311251

367

3,58

Daina 1 south

18

DAI-14392

504726

1311240

369

2,96

Daina 1 south

19

DAI-14530

504710

1311236

363

2,93

Daina 1 south

20

DAI-14399

504734

1311238

370

2,68

Daina 1 south

21

DAI-14384

504728

1311233

366

2,57

Daina 1 south

22

DAI-14515

504733

1311240

370

2,11

Daina 1 south

23

DAI-14509

504728

1311248

370

2,06

Daina 1 south

24

DAI-14379

504734

1311251

367

1,9

Daina 1 south

25

DAI-14527

504715

1311233

362

1,63

Daina 1 south

26

DAI-14507

503725

1311246

370

1,6

Daina 1 south

27

DAI-14503

504723

1311244

370

1,53

Daina 1 south

28

DAI-14513

504735

1311239

370

1,48

Daina 1 south

29

DAI-14362

504850

1311294

379

1,45

Daina 1 south

30

DAI-14393

504734

1311241

367

1,43

Daina 1 south

31

DAI-14531

504847

1311280

369

1,43

Daina 1 south

32

DAI-14388

504727

1311239

365

1,42

Daina 1 south

33

DAI-14516

504736

1311241

370

1,29

Daina 1 south

34

DAI-14369

504709

1311225

378

1,12

Daina 1 south

35

DAI-14517

504736

1311241

370

1,1

Daina 1 south

36

DAI-14374

504711

1311229

371

1,09

Daina 1 south

1

DAI-14551

501760

1319067

380

10,6

Daina 6

2

DAI-14545

501753

1319087

385

9,11

Daina 6

3

DAI-14553

501759

1319059

393

7,02

Daina 6

4

DAI-14540

501727

1319108

400

6,56

Daina 6

5

DAI-14560

501765

1319049

391

6

Daina 6

6

DAI-14559

501765

1319049

391

3,47

Daina 6

7

DAI-14544

501753

1319087

385

3,09

Daina 6

8

DAI-14541

501727

1319108

400

2,79

Daina 6

9

DAI-14552

501759

1319059

393

1,73

Daina 6

10

DAI-14538

501735

1319111

400

1,45

Daina 6

 

Next Steps

While the Company’s focus remains the Bantabaye project for now, targeted programs of field work were carried out at Daina to further evaluate the as yet largely undrilled targets. In addition to the program of sampling reported here, a small program of IP conducted by SAGAX Afrique is being completed to evaluate how geophysics may contribute to drill target definition at Daina. This will also assist in keeping the permits in good standing.

Quality Assurance / Quality Control (“QA/QC”)

Sampling was completed following industry best practices, conducted under the supervision of the Company’s project geologists and the chain of custody from the project to the sample preparation facility was continuously monitored. An appropriate number and type of certified reference materials (standards) and blanks totaling 5% of the total number of samples shipped to the laboratory was inserted approximately every 20th sample to ensure an effective QA/QC program was carried out. Data verification of the analytical results included a statistical analysis of the standards and blanks that must pass certain parameters for acceptance to ensure accurate and verifiable results. All samples were analyzed using Fire Assay FAA505 at the SGS Laboratory in Bamako, Mali (“SGS”). SGS is an internationally recognized and commercially certified laboratory and is independent of Sanu Gold.

Qualified Person

The scientific and technical information contained in this press release has been reviewed and approved by Serigne Dieng, Ph.D., M.Sc., a Member (MAIG) of the Australian Institute of Geoscientists (AIG), Exploration Manager of the Company and a qualified person within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Sanu Gold

Located within Guinea’s Siguiri Basin, a world class gold district that is host to several operating mines and major new discoveries, Sanu Gold is exploring three high quality gold exploration permits. The Company has defined multi-kilometer long gold-bearing structures on each of the gold exploration permits, with multiple high-value drill targets and is targeting multi-million-ounce gold discoveries. In its inaugural drill program in 2022, Sanu Gold discovered the high-grade Daina 2 Main Zone on the Daina Gold Exploration Permit. Sanu is operated by a highly experienced team, with successful records of discovery, resource development and mine permitting in West Africa.

Martin Pawlitschek
President & CEO, Sanu Gold Corp.

For further information regarding Sanu Gold, please visit the Company’s website at www.sanugoldcorp.com or contact:

Anthony Simone
Simone Capital
416-881-5154
asimone@simonecapital.ca

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain statements that may be deemed “forward-looking statements” with respect to the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential”, “indicates”, “opportunity”, “possible” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Sanu Gold believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the Company’s plans for exploration on its properties and ability to execute on plans, ability to raise sufficient capital to fund its obligations under its property agreements going forward, ability to maintain its material property agreements, mineral tenures and concessions in good standing, to explore and develop its projects; changes in economic conditions or financial markets; the inherent hazards associated with mineral exploration and mining operations, future prices of gold and other metals, changes in general economic conditions and local risks in the jurisdiction (Guinea) in which it operates, accuracy of mineral resource and reserve estimates, the potential for new discoveries, the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the projects and if obtained, to obtain such permits and consents in a timely fashion relative to the Company’s plans and business objectives for the projects; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company’s operations, compliance with environmental laws and regulations, dependence on key management personnel and general competition in the mining industry. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

________________________
grams of gold per tonne (“g/t Au”).
metres (“m”);

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/201820

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