Sep 11 2013
SAVARY GOLD CORP. today provides an update on its phase 3 exploration program at the Houndé South property, located in southwestern Burkina Faso.
Between July 21 and July 30, 2013, Savary conducted surface geological mapping and soil surveys on relatively under explored zones of the Houndé South Property. This exploration program was aimed at collecting additional geological and geochemical data to help identify new drill targets. Five areas of interest were investigated and in each zone the investigation was centered on a series of lineament features highlighted through the interpretation of geophysics and existing soil geochemical data.
Surface mapping was conducted along the interpreted linear structures and a soil survey was carried out in a series of lines perpendicular to the strike of these structures. A total of 279 soil samples and 10 grab samples were collected and assayed for gold at SGS Laboratory in Ouagadougou, Burkina Faso. Of the five zones investigated, two returned encouraging gold grades and trends, which are not only consistent with the gold trends observed during previous soil sampling programs, but may also extend the gold mineralization areas beyond its known limits as shown in the enclosed Figure 1. Similarly, surface mapping led to the identification of a new corridor of deformation as well as hydrothermally-altered and mineralized areas.
Thierry Bineli, (PhD, P. Geo) commented: “Having just returned from a site visit, management is very encouraged by the prospectivity of the new target areas identified and the encouraging gold grades and trends which look to be a possible extension of known gold mineralization areas. We look forward to progressing with our phase four exploration program later this year to test these new targets”.
To date, the exploration program has led to the identification of at least four targets which warrant further investigation. The new identified targets are likely to be drill tested in combination with the numerous existing targets during phase four of the exploration program, which is expected to start after the rainy season ends early November.
In addition to the RC drilling campaign, Savary’s phase four exploration program will include a ground penetrating radar survey (GPRS), which may assist to define the structures and the geological bodies which host the mineralization. The GPRS could also determine some of features of the structures i.e. dip and thickness and the number of structures.
Laboratory analysis was conducted by SGS Burkina Faso SA., a laboratory which is independent of Savary Gold.
Uwe Engelmann, BSc. (Botany and Zoology), B.Sc. (Geol.), B.Sc. Hons (Geol.). Pr. Sci. Nat., a consulting geologist of the Company and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this news release.