Vancouver — Follow-up drilling by Serengeti Resources (SIR-V, SGRNF-O) on its Kwanika copper-gold project, in north-central British Columbia, returned some promising results.
Hole 29 cut 247.7 metres (from 40 metres down-hole depth) grading 0.46% copper and 0.6 gram gold per tonne, including a 48.6-metre interval of 0.75% copper and 2.5 grams gold.
Both hole 29 and 30, which intersected 218.3 metres of 0.42% copper and 0.36 gram gold, were drilled from the same collar to fence previous hole 14, which cut 462.7 metres of 0.61% copper and 0.38 gram gold.
The mineralized system is still open to the east, north, south and at depth.
Kwanika is a grassroots copper-gold porphyry discovery made by Serengeti in 2006. The project is situated in the Quesnel Trough, a prominent belt of porphyry copper-gold deposits, several hundred kilometres long, that trends roughly north-south up the centre of the province.
Porphyry copper-gold mineralization at Kwanika is primarily hosted in a monzonite unit intruding an andesitic suite of rocks. Drilling indicates a steep structural component.
Copper mineralization occurs as chalcopyrite, bornite, and chalcocite, as well as some sections of native copper.
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