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serengeti resources inc (34S) Snapshot

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serengeti resources inc (34S) Details

Serengeti Resources Inc. engages in the acquisition, exploration, and development of mineral properties in Canada and Mexico. The company’s primary property is the 100% owned Kwanika copper-gold deposit that contains mineral claims covering an area of 90 square kilometers located in the northern Quesnel Trough, British Columbia. It also explores for Silver and Molybdenum resources. The company was formerly known as Serengeti Minerals Ltd. and changed its name to Serengeti Resources Inc. in 2001. Serengeti Resources Inc. was incorporated in 1973 and is headquartered in Vancouver, Canada.

Founded in 1973

serengeti resources inc (34S) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$168.0K
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

serengeti resources inc (34S) Key Developments

Serengeti Resources Inc. Reports the Results of Geological and Geochemical Reconnaissance Exploration Program on its UDS Property

Serengeti Resources Inc. reported the results of a geological and geochemical reconnaissance exploration program carried out on its 100% owned, UDS property, strategically located adjacent to AuRico Gold's Kemess Mine property. The current program has outlined two large, highly prospective target areas for follow-up induced polarization (IP) geophysics to test for buried porphyry copper-gold deposits. The UDS property is located five kilometers east of AuRico Gold's feasibility-stage, Kemess Underground project, active Kemess East deep exploration drilling program and eight kilometers northeast of the formerly producing Kemess South mine, which produced 3 million oz of gold and more than 700 million lbs of copper over a 12 year mine life. Recently completed field work on Serengeti's UDS property consisting of geological mapping and limited rock, soil and silt geochemistry outlined two principal target areas for further follow-up; the South Valley and August 30 areas. The August 30 target area encompasses a number of copper-mineralized outcrops and several zones of quartz- sericite-pyrite alteration associated with high level felsic dykes at the faulted contact between Black Lake intrusives and Takla volcanics (both host rocks to the copper-gold deposits at Kemess) and overlying Hazelton volcanics. Mineralization consists of chalcopyrite and secondary copper associated with quartz-sulphide and locally magnetite veins. Ten samples collected from this area returned between 0.1% and 0.7% copper. The targeted area has a footprint of 1,500 meters by 800 meters and is open into a major overburden covered valley to the north. The South Valley target area, 1.5x3km in extent, lies at the south end of the UDS claim block and spans a major valley bottom. Work to the south by AuRico's predecessor, Northgate Minerals outlined a strong open-ended IP chargeability anomaly associated with quartz-sericite-pyrite alteration, potentially associated with a buried porphyry system. Prior soil sampling, confirmed by Serengeti's recent sampling, outlined a strong copper-zinc-gold anomaly on Serengeti's ground, one km to the north of the mapped sulphide system and IP anomaly on AuRico's ground. In addition, several skarn mineralized occurrences (one sample grading 0.26% Cu, 1.0 g/t Au) were located on a ridge immediately east of this target area.

Serengeti Resources Inc. Announces Results of Recently Completed Field Program on its 100% Owned RCN Property

Serengeti Resources Inc. announced the results of a recently completed field program on its 100% owned RCN property, located in northwestern British Columbia. Rock sampling returned additional good-grade copper-gold mineralization from the property, plus a limited IP geophysical survey identified three open-ended chargeability anomalies and soil sampling suggests that a target of interest remains open and may extend beyond the area of current work. These encouraging results warrant additional work. A limited IP geophysical survey was completed as a part of the current program. Three open-ended chargeability anomalies were identified, generally flanking aeromagnetic highs and two of them are located in generally lower resistivity areas so may represent formational anomalies rather than primary target areas. The principal copper-gold occurrence coincides with a moderately resistive and weakly chargeable zone. Interestingly, soil sampling conducted in 2014 located a copper anomaly which is open to the south on the property beyond the area of current work. The results of the current relatively limited field program indicate that more work is warranted on the property up to and including future drill testing.

Serengeti Resources Inc. Reports the Results of Summer Field Program on its Rottacker Property

Serengeti Resources Inc. reported the results of a summer field program on its Rottacker property, adjacent to the southern end of its 100%-owned Kwanika claim block. Additional rock sampling of the Rottacker "B" showing, first re-located by Serengeti staff in 2013 and last worked on in the early 1970's, returned grab samples from outcrop assaying up to 6.7% copper, 5.9 g/t gold and 464 g/t silver. In addition, soil sampling has identified a strong copper anomaly, 500 meters to the west of the showing in an area interpreted to share geological similarities to Kwanika. The Rottacker "B" showing consists of a 2 to 3 meter wide zone of disseminated and vein chalcopyrite-pyrite and secondary copper mineralization in strongly chlorite-sericite altered monzodiorite intrusive. The showing area is poorly exposed in an old blast pit and due to extensive till cover, its full extent is difficult to determine. The presence of elevated bismuth and tellurium along with locally high precious metal values, suggests the presence of gold-silver-bismuth-telluride along with the copper mineralization. Soil sampling in the immediate vicinity of the showing returned generally weakly anomalous results with the exception of one very elevated gold value. However, a soil sampling transect identified a strong, 300 meter wide copper (with locally coincident Au, Ag) soil anomaly in B-Horizon and Ah-organic soil horizons, 500 meters to the west of the showing. This area of the property is interpreted to be underlain by red boulder conglomerate similar to that which partially overlies the Kwanika Central Copper-Gold Zone.

 

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