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Thursday, May 04, 2017 Derek Macpherson

SCA Continues to Grow Karankasso

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Savary Gold Corp (TSXV:SCA) released final drill results which extended the S-Nosa area and the Kueredougou West Deposit at its Karankasso JV Project (69.5% SCA/30.5% SWA), in Burkina Faso. The S-Nosa area results intersected strong mineralization for the first time ~425m east of the north end of the Keuredougou resource estimate. In addition, the company intersected a 100m step out hole of 2.96 g/t Au over 7m, along strike and to the north end of the Kueredougou West Zone, which has been extended by ~50% to a strike length of ~2,700m. The results were part of a ~9,500m Phase 2 drill program completed at the end of March, which will be followed up by a 8,000m (125 holes) drill program in mid-May. The objective is to pursue new discoveries, grow the current resource and test the gold-in-auger anomalies identified during Phase 2. We believe the results of the upcoming Phase 3 program should further demonstrate Karankasso’s resource growth potential. Savary currently trades at a discount to peers (C$23/oz vs. peers at C$42/oz), we expect continued exploration success along with a resource update planned for H2 2017, should benefit the company’s share price. read more


Monday, April 10, 2017 Derek Macpherson

SCA's Phase 2 Results Support Growth; More Pending

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Savary Gold Corp (TSXV:SCA) announced additional results from its completed ~9,500m drill program at the Karankasso JV project (69.5% SCA/30.5% SWA) in Burkina Faso. The second batch of results comprised of 41 holes over 4,489m which focused on resource expansion at the Diosso South, Karangosso and West Trend areas. The company plans to begin an 8,000m (80 holes) phase 3 drill program in early May to follow-up on phase 2 results as well as test additional targets identified by auger drilling. We believe continued success from the drill programs at Karankasso along with the resource update expected in H2 2017 should benefit the company’s share price, as results continue to demonstrate resource growth potential. Savary currently trades at a discount to peers (C$23/oz vs. peers at C$44/oz).  read more


Tuesday, March 07, 2017 Derek Macpherson

SCA Confirms Karankasso's Strike Potential

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Savary Gold Corp (TSXV:SCA) announced results from the first 24 holes from the ongoing 10km Phase 2 drill program at the Karankasso JV project (69.5% SCA/30.5% SWA) in Burkina Faso. Results identified new mineralized zones south of the existing resource. This first set of results returned a weighted average grade of 1.59 g/t Au, which is below the current resource grade, over a relatively narrow average width of 2.6m. The results were highlighted by 14.66 g/t Au over 6.0m (HE-RC-17-019) intersected in the southern part of the Serakoro 1 Main Area. In our view, these results confirm the strike potential at Karankasso and imply that the resource is likely to grow beyond the current 671k oz (9.2M tonnes at 2.28 g/t Au - inferred) with the pending update (H2 2017). Prior to that, further results from the ongoing 10km drill program is likely to benefit Savary’s share price, which at C$23/oz trades at a discount to peers (C$37/oz). read more


Sunday, February 26, 2017 Derek Macpherson

RCKS Pre-PDAC Mining Showcase Presenter Preview

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On Friday March 3th, 2017, Red Cloud Klondike Strike Inc. will be hosting its 5th Annual Pre-PDAC Mining Showcase. The event features presentations from 21 companies, including a themed lunch presentation by leading corporations in the gold mining sector. Visit the event page for more details on the day’s schedule. In this post, we provide a brief preview on the 21 presenting companies and 13 banner sponsors that will also be in attendance.  read more


Friday, February 17, 2017 Derek Macpherson

SCA Advancing Karankasso; Drill Results Coming

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Savary Gold Corp (TSXV:SCA) provided an update on the ongoing exploration activities at the Karankasso JV project (69.5% SCA / 30.5% SWA) in Burkina Faso. Savary has collected 5,231 soil samples and completed auger drilling of 1,381 holes and 275 line km of IP gradient geophysical surveys since the current exploration program was initiated in October 2016. Of note, the program has delineated a 3.9 km long untested target that links the Diosso South, West Trend, Kueredougou West and Kueredougou Main. In addition, geophysical surveying at the Serakoro 1 Main area appears to have extended the control shear/alteration structure an additional 13 km to the south to a total traceable distance of ~43 km. In our view, these initial results are promising and suggest that further resource growth is possible outside the existing resources. The current 10 km, 90 hole Phase 2 drill program that commenced in January 2017 has been focused on exploration drilling in the southern part of the property. In our view, pending drill results from the drill campaign that is ~27% complete with 28 holes drilled, and the resource update expected in H2 2017, are likely to benefit Savary’s share price. Savary currently trades at a discount to peers (C$27/oz vs. peers at C$43/oz), suggesting that Karankasso’s potential resource growth is not yet priced into the stock. read more


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


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