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serengeti resources inc (SIR) Snapshot

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01/23/14 - C$0.11
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serengeti resources inc (SIR) Details

Serengeti Resources Inc. engages in the acquisition and exploration of mineral properties in Canada and Mexico. It focuses on the exploration of copper and gold deposits in the Quesnel Trough area of North-Central British Columbia; and gold-silver deposits in the Altiplano mineral belt of North-Central 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 portion of the Quesnel Trough, British Columbia. Serengeti Resources Inc. was incorporated in 1973 and is headquartered in Vancouver, Canada.

Founded in 1973

serengeti resources inc (SIR) Top Compensated Officers

President of the Board, Chief Executive Offic...
Total Annual Compensation: C$210.0K
Compensation as of Fiscal Year 2013.

serengeti resources inc (SIR) Key Developments

Serengeti Resources Inc. Announces Initiation of Targeted Summer Field Program

Serengeti Resources Inc. reported the start of a modest summer exploration program designed to advance several of the company's best exploration targets towards the drill stage. Work is planned at Rottacker, adjacent to Serengeti's resource-stage Kwanika property; at the RCN in the Red Chris - North Rok area; and on the UDS property located adjacent to the Kemess North /East underground copper-gold project. At the Rottacker property, located 25 km southeast of Kwanika, prospecting in 2013 located copper-gold-silver mineralization in boulders and outcrop in a geological setting similar to that present at Kwanika Central Zone. The target area has not previously been tested by IP geophysics or drilling and potentially lies within the Kwanika project economic area of influence, making it a high priority for follow up. Work planned in the current program is geological mapping, soil geochemistry and establishment of grid access for future IP geophysics. At the RCN property, located 8 km north of North Rok copper-gold deposit in Red Chris area of northwestern BC, prospecting in 2013 field season located an outcrop of quartz-sericite-pyrite alteration with a grab sample returning 0.59% Cu, 1.54 g/t Au. Planned work in the current program at RCN includes reconnaissance IP geophysics, soil geochemistry and additional prospecting to identify a future drill target. The 100%-owned UDS claim block, comprises 2,163 hectares of highly prospective ground located immediately east of AuRico Gold's proposed Kemess North underground copper-gold project. A thorough compilation of this structurally complex area has been completed and has identified at least five target areas for follow-up. Geological mapping this summer is aimed at targeting prospective areas for follow-up deep penetrating IP geophysics and eventual drilling to test for buried porphyry systems.

Serengeti Resources Inc. Acquires Additional Ground at UDS Property

Serengeti Resources Inc. reported the acquisition of additional ground at its strategically located UDS property, lying immediately east of AuRico Gold's Kemess Underground project in northern BC. The UDS property is located five kilometers to the east of the proposed Kemess Underground gold-copper project where AuRico Gold is investigating the feasibility of recovering 1.7 million ounces of gold from a Probable Reserve of 100Mt grading 0.56 g/t Au, 0.28% Cu deposit by block cave underground mining methods. UDS was initially staked by Serengeti in August, 2013 and has subsequently been expanded by staking and outright purchase of several third party claims. The UDS block now comprises 2,181 hectares and covers a large area of prospective geology, several epithermal poly-metallic mineral showings and a number of untested geophysical trends.

Serengeti Resources Inc. Identifies Robust Copper-Gold Target on RCN Property

Serengeti Resources Inc. announced the discovery of outcropping mineralization grading 0.59% copper, 1.59 g/t gold on the RCN property located in the Red Chris district of northwestern British Columbia. At the RCN property, follow-up prospecting and geochemistry late in the 2013 field season significantly expanded an area of interest first identified by Serengeti last summer. Additional outcrops of strong quartz-sericite-pyrite alteration were located on the property, such that the zone of interest now extends for at least 400 meters on strike in a largely overburden covered and densely treed portion of the property. Rock sampling near the center of this outcropping area returned a composite grab sample over a one meter width assaying 0.59% Cu and 1.59 g/t Au. A reconnaissance soil sampling survey on a 500 x 100 meter grid identified a cluster of three strongly anomalous copper and gold values upslope of this mineralized outcrop indicating the zone of interest may be several hundred meters wide. Silt geochemical sampling of two drainages, 400 and 900 meters to the north, returned moderate to strongly anomalous copper values, suggesting the possibility of a larger mineralized area. This altered and mineralized zone flanks an aeromagnetic anomaly and is believed to be similar to the one which lead to the discovery of the nearby N. Rok copper-gold zone. The next step at RCN is IP geophysics and detailed soil geochemistry which could very quickly lead to drilling at this very well located, road accessible property.


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