VANCOUVER, BRITISH COLUMBIA–(Marketwired – Nov. 6, 2017) – Serengeti Resources Inc. (TSX VENTURE:SIR)(FRANKFURT:34S) (“Serengeti” or “the Company”) announces that it has recently completed an aeromagnetic survey over its 100% owned RCN property located eight kilometres north of Iskut, within the Golden Triangle region of Northwestern British Columbia. The RCN property is situated seven kilometres northeast of GT Gold’s Tatogga project, where recent drilling has expanded a high-grade epithermal system along significant strike length (see GT Gold’s press release dated October 16, 2017); and seven kilometres north of Colorado Resources’ North Rok copper-gold porphyry project (see Colorado Resources’ press release dated March 13, 2017). Serengeti’s recent RCN survey has highlighted several targets, including two linear magnetic anomalies, one of which is coincident with a quartz-sericite-pyrite (QSP) zone and copper-gold mineralisation identified by Serengeti in 2014 (see news release dated September 3rd, 2014) and appear to exhibit similar orientations to those hosting high grade gold-silver-polymetallic mineralisation at GT Gold’s Tatogga property. Both linear magnetic anomalies lie on strike with a mineralised trend on an adjacent property and may represent typical mineralised structures in the region. To view more information on the RCN property, including property location map and airborne survey, please visit the Company’s website: https://www.serengetiresources.com/projects/rcn/
Results from grab samples collected over the QSP zone at RCN during the 2014 program are reported below:
|Description||Sample Type||Cu %||Au g/t|
|Quartz-sericite-pyrite altered volcanic||Outcrop grab||0.97||1.38|
|Quartz-sericite-pyrite altered volcanic||Outcrop grab||0.06||4.13|
|Quartz-sericite-pyrite altered volcanic||Outcrop grab||0.60||1.37|
|Quartz-sericite-pyrite altered volcanic||Outcrop grab||0.40||0.61|
Table 1:RCN Rock Sampling Highlights 2014
As Serengeti continues to focus on developing the Kwanika copper-gold project and others in the Omineca region, including the UDS and Milligan West, the Company intends to offer the RCN property for sale or joint venture. Interested parties are encouraged to contact Serengeti.
About Serengeti Resources Inc.
Serengeti is a mineral exploration company managed by an experienced team of professionals with a solid track record of exploration success. The Company is currently advancing its Kwanika copper-gold project in partnership with Daewoo Minerals Canada and exploring its extensive portfolio of properties in the highly prospective Quesnel Trough of British Columbia. A number of these other projects are available for option or joint venture and additional information can be found on the Company’s website at www.serengetiresources.com.
ON BEHALF OF THE BOARD
David W. Moore, P. Geo, President, CEO and Director
Quality Assurance/Quality Control
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument NI 43-101 and reviewed by the Company’s Qualified Person, David W. Moore, P. Geo., President and CEO of Serengeti Resources Inc.
This document contains “forward-looking statements” within the meaning of applicable Canadian securities regulations. All statements other than statements of historical fact herein, including, without limitation, statements regarding exploration plans and other future plans and objectives, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and future events and actual results could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from our expectations as well as a comprehensive list of risk factors are disclosed in the Company’s documents filed from time to time via SEDAR with the Canadian regulatory agencies to whose policies we are bound. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and we do not undertake any obligation to update forward-looking statements should conditions or our estimates change, other than as required by law and readers are further advised not to place undue reliance on forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
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Serengeti Resources Inc.
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