Serengeti Resources Ihas commenced field work at the Atty property currently under option from Finlay Minerals, which lies immediately north and adjacent to Centerra Gold’s Kemess Underground and Kemess East deposits.
Work will include an Induced-Polarization (IP) survey, relogging and sampling of historical drill core and property-scale mapping. Current activities are designed to follow up on a comprehensive historical data compilation and targeting exercise completed in early June 2018. Field work in the current program will satisfy the year-one property expenditure commitment to Finlay Minerals as outlined in the option agreement executed early March 2018.
Details of the 2018 field program at Atty include: 1) 15-20 line-kilometres of IP with the objective of defining porphyry-style signatures; 2) relogging and sampling of seven historic diamond drill holes totaling 1650 metres from the 2004 drilling campaign; and, 3) systematic grid-mapping of the key target areas on the property. Results of 2018 activities will be analyzed with particular attention to geological, geochemical or geophysical features that compare with the adjacent Kemess East and Underground gold-copper deposits with the objective of defining drill targets for future testing.
“The Atty property represents a high quality, brown-fields exploration opportunity with great potential for discovery of the next copper-gold deposit in the Kemess District”, stated David W Moore President & CEO of Serengeti Resources Inc. “We were very pleased earlier this year when we secured an option to acquire a 100% interest in the property and everything we’ve done since has more than substantiated this potential. “We look forward to the completion of this year’s program which we are confident will outline high-quality drill targets”.
Source: Company Press Release