Kwanika Property
Kwanika Copper/Gold Fact Sheet
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The Kwanika property comprises approximately 9,400 hectares of mineral claims situated in the Quesnel Trough between the Kemess Mine and the Mt. Milligan deposit.
The property was the subject of previous exploration work, including 12 drill holes, during the period 1966 to 1972, which identified a historic (non-NI 43-101 compliant) resource of 36 million tonnes of 0.20% Cu.
Current
The mineralized system remains open for expansion to the east, north, south and at depth. The current drill program continues to assess the grade distribution within the large copper-gold system in addition to testing new targets within close proximity. The program, which began on January 14th, 2008 has accumulated to date (May 15th) over 18,000 metres of drilling. The focus has been twofold: continued delineation drilling with a goal of having a resource estimate by late 2008 in addition to regional drilling focused on testing new targets.
February 2008
Drilling resumed on January 14th with a 10,000 m program focusing on infill drilling 6 holes in the southwestern quadrant of the new zone. Upon completion, the rigs will concentrate on new targets on the Kwanika property.
September 2007
Serengeti reported assays from the first four holes of the major follow-up drill program underway on the Kwanika property. Serengeti continues to intersect some exceptional copper-gold grades (K-07-29 cut 48.6 meters of 0.75% copper and 2.5 g/t gold) as well as long intervals of good grade porphyry-style copper-gold mineralization(K-07-28 cut 322 meters of 0.40% copper and 0.40 g/t gold).
July 2007
A 45 hole, 16,000 to 18,000 meter follow-up program was launched on the property with a second drill added in mid- August 2007. This program consists of systematic step-out drilling with the objective of expanding the central area of high grade copper-gold mineralization, at a drill hole spacing designed to support an eventual resource calculation.
February 2007
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Serengeti Resources commenced its second phase drill program in early 2007 and by June, had completed an additional 17 holes totalling 5835 meters. Several holes intersected long intervals of high grade mineralization (K-07- 15 cut 328.3 m grading 0.61% copper, 0.72g/t gold) within a large lower mineralized zone extending along 750 meters of strike across a width of up to 200 meters and locally present down to 500 meters in depth.
2005/2006
Serengeti Resources Inc. conducted a program of airborne and ground geophysics on the property in 2005 and 2006 respectively which resulted in an initial five hole drill program totalling 660 meters in August 2006. This program provided the encouragement to mount a 5 hole, 1257 meter follow-up program resulting in discovery hole K-06-9 which intersected 111.1 meters grading 0.69% copper and 0.54g/t gold.
Infrastructure
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