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As of 3:44 PM 12/23/14 All times are local (Market data is delayed by at least 15 minutes).

savary gold corp (SCA) Snapshot

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03/11/14 - C$0.12
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Market Cap
1.7M
Average Volume 10 Days
477.9K
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Shares Outstanding
66.7M
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savary gold corp (SCA) Details

Savary Gold Corp., a junior exploration company, is engaged in the exploration and development of gold properties in West Africa. It focuses on the Houndé South property that consists of two exploration licenses, Diosso and Mandiasso, totalling 375 square kilometers and two exploration concession applications totalling 125 square kilometers, and is located in the southwestern region of Burkina Faso. The company was formerly known as Savary Capital Corp. and changed its name to Savary Gold Corp. in September 2012. The company was incorporated in 2008 and is headquartered in Toronto, Canada.

Founded in 2008

savary gold corp (SCA) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$10.0K
Chief Financial Officer
Total Annual Compensation: C$22.5K
Compensation as of Fiscal Year 2013.

savary gold corp (SCA) Key Developments

Savary Gold Corp. and Sarama Resources Limited Announce Assay Results from Field Program on the Karankasso JV Project in Southwestern Burkina Faso

Savary Gold Corp. and Sarama Resources Ltd. announced new grab sample assay results from a recently completed field program on the Karankasso JV Project in southwestern Burkina Faso. The 750 square kilometre Karankasso property is a 65/35 joint venture with Savary as operator. Recognition of numerous, new gold occurrences over a wider than previously realized area, ranging from five to eight kilometres wide, and that likely extends for the length of the concession package, a distance of approximately 45 km. In addition to the dominant trends of gold mineralization, numerous gold-bearing sub-structures have been indentified between the larger scale structures. Discovery of several new zones of felsic intrusion hosted gold mineralization along the Sera W and Karan mineralization trends proximal to the western margin of the Hounde Belt. one zone, that intersects the highway, returning grab samples of quartz veined felsic intrusion that returned 2.11 and 1.92 g/t Au from two historic mining areas 430 metres by up to 40 metres wide and 470 metres by up to 50 metres wide, respectively. Discovery of the Koure Trend mineralization - samples from different mineralized artisanal mining zones along a 3.8 km strike returned values of 24.8 g/t Au, 28.25 g/t Au and 1.25 g/t Au. This trend has never been drill tested and contains the visually strongest gold-bearing mineralization on the property. Discovery of several untested artisanal mining zones, with widths ranging up to 35 metres wide, located 900 metres south of the recently reported Kueredougou West zone. Identification of likely structural controls for gold mineralization in the Serakoro 1 West zone where previous drilling returned 3.7 g/t Au over 27.0 metres and high gold values in an altered felsic intrusion returned up to 23.4 g/t Au from outside the drill tested area. Discovery of a new zone of intensive artisanal mining in the northwest corner of the Serakoro 1 property that returned an assay of 13.5 g/t Au. Discovery of the untested, up to 35 metres wide, Kuere West trend that can be traced for 8.2 kilometres via a series of artisanal mining areas. Samples from this trend returned up to 2.86 g/t Au.

Savary Gold Corp. Presents at Canaccord Genuity 8th Annual Global Resources Conference, Oct-15-2014

Savary Gold Corp. Presents at Canaccord Genuity 8th Annual Global Resources Conference, Oct-15-2014 . Venue: Palace Hotel, 455 Madison Avenue, New York, New York, United States.

Savary Gold Corp. Announces the Newly Documented Results on the Kueredougou West Zone

Savary Gold Corp. announced newly results of historic drill intercepts on the Kueredougou West zone on the Houndé South property in southwestern Burkina Faso. The Hounde South property forms part of the recently announced joint venture between Savary (65%) and Sarama Resources Ltd. (35%). Savary is the operator of the joint venture. The Kueredougou West zone lies approximately 1.2 kilometres south of the furthest southern holes on the Kueredougou zone which returned drill intercepts of 12.80 g/t Au over 2.0 metres and 4.04 g/t Au over 5.0 metres. Drilling has tested the zone, which consists of up to three modelled, moderate-east-plunging lenses of mineralization, to a maximum depth of 100 metres along a 500 metre strike. True widths are estimated at approximately 90% of drill width. This zone, which was tested by seventeen reverse circulation holes, in 1999 and 2000 by Delta Gold, totaling 1,614 metres, is open in all directions and is either part of the Kueredougou mineralized system, which has been traced for approximately 2,900 metres or a parallel gold system, located 200 to 300 metres to the west. Gold-in-soil geochemical data with values ranging from a low of 50 ppb to a high of 1,888 ppb form a coherent anomaly approximately 5.6 kilometres long and up to 300 m wide. Other than reverse circulation drilling along a 500 metre portion of the gold-in-soil anomalous trend, the majority of the anomaly has not been tested. As well as providing context for the historic drill results presented in this release, the attached figure provides a summary snapshot of the extent of the drill defined gold systems, the resolution of the 0.5 - 1.5 km wide gold-in-soil anomalous corridor, into three to four trends of better mineralization on the Hounde South portion of the property and the potential to extend the modelled gold zones by following the mineralized trends along the gold-in-soil anomalies. A summary of the drill results are presented in a table at the end of this release.

 

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