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Friday, November 03, 2017 Derek Macpherson

SCA Increases Inferred Resource at Karankasso

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Savary Gold Corp (TSXV:SCA) has announced an updated Inferred Mineral Resource Estimate for its Karankasso JV Project (69.5% SCA/30.5% SWA), in Burkina Faso. After a 23,170m drill program from May 2016 to July 2017, the company increased their resource estimate to 12.3Mt grading 2.03 g/t Au for 805,000 oz Au, which represents a 34% increase in tonnage, an 11% decrease in grade and a 20% increase in ounces compared to their last estimate. All mineralized zones remain open in at least two directions and there remains potential for discovery within a the 6.5km radius that is currently encompassing 70% of the pit constrained resources at Karankasso. The company indicated that mineralization continues to extend beyond pit-constrained limits at all zones and therefore warrants further testing and expansion of the higher grade underground Mineral Resource. The underground and open pit inferred resources are 0.42Mt grading 3.57 g/t Au and 11.9Mt grading 1.97g/t Au, respectively. Through further drilling, the company is planning to continue to expand the mineralized zones and explore the remainder of the mineralized corridor transecting the project. Savary currently trades at a discount to peers (C$15/oz vs. peers at C$47/oz), we expect continued exploration success on the property to benefit the company’s share price in the near term.  read more


Tuesday, September 12, 2017 Derek Macpherson

SWA Delivers First Results Near Bondi

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Sarama Resources (TSXV:SWA) reported results from the company’s first drill program, intersecting oxide gold mineralization ~4km north-east of its recently acquired Bondi Deposit within its ThreeBee Project in Burkina Faso. In total, 82 holes were drilled over 2,800m, surface highlights include 1.50 g/t Au over 8m (DJA0061) and 1.07 g/t Au over 27m (DJA0060) (Figure 1). The company plans to follow-up on these results, in addition to using historical data to identify targets. Initial results appear positive and have to potential to add to the historical resources at Bondi. Sarama currently trades at C$10/oz, a steep discount to peers at C$51/oz. We expect that the ongoing exploration at South Houndé (50% interest) and Karankasso (30.5% interest), along with work at its ThreeBee project (100% interest), may provide the necessary catalysts for the stock to close the valuation gap to peers. read more


Sunday, August 27, 2017 Derek Macpherson

SCA Discovers New Zones & Extends Mineralization at Karankasso

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Savary Gold Corp (TSXV:SCA) reported results from multiple targets tested during Phase 3 of the exploration program at its Karankasso JV Project (69.5% SCA/30.5% SWA), in Burkina Faso. 109 holes were drilled over 6,747m which tested the Karangosso Zone, Serakoro 1 West, Diosso South Zone, Kueredougou West Zone, Serakoro 1 Main, Central Auger Anamoly and S-Nosa Zone. Notably, drilling in Karangosso discovered two new zones (AC-17-029 and AC-17-036) and further extended mineralization in the south and north, both of which require follow-up. In the Serakoro 1 West, drilling also identified a new zone intersecting 2.78 g/t Au over 5m (AC-17-064). The company noted some targets were not successfully tested due to weather, as well as follow-up drilling was minimal as a result of lab delays. A resource update is expected to be completed at the end of Q3 2017, which will include drilling since the last resource update in Q4 2015 (Inferred 671k oz Au). Additional drilling is planned once the update is complete. Savary currently trades at a discount to peers (C$16/oz vs. peers at C$49/oz), we expect continued exploration success along with the planned resource update should benefit the company’s share price in the near term. read more


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


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