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Wednesday, May 07, 2008
Serengeti Reports on Positive Mineralogical Study at Kwanika
Vancouver, B.C., May 07, 2008: Serengeti Resources Inc. (TSX-V: SIR)
is pleased to report the results from a recently completed mineralogical study that has a number of positive implications for eventual metallurgical recoveries of copper and gold from the Company's 100% owned Kwanika property located in the Quesnel Trough, British Columbia.
Thirty-seven samples representative of typical mineralized material from 10 individual drill holes were examined in this study. Important conclusions, a number of which have positive metallurgical implications are as follows:
Chalcopyrite is the primary copper sulfide, making up <1% to 7% of the sample, and typically occurs as disseminated grains with an average size of 50 to 100 µm. Pyrite, which has an average grain size of 100 to 200 µm, occurs in similar or lesser amounts. Chalcopyrite is seldom in contact and even more rarely locked with pyrite; this should make for good separation of a copper concentrate at a typical grind size.
Bornite and chalcocite occur in lesser amounts, being present in 16 of 37 and 8 of 37 samples respectively. Bornite (63% Cu) is usually intimately associated with chalcopyrite (35% Cu) and appears to have been altered from it. Chalcocite (80% Cu) is often associated with bornite. Recovery of bornite and chalcocite together with chalcopyrite in a concentrator is a standard process and is expected to lead to good grade copper concentrates at high recoveries.
Native copper is present in minor amounts, being observed in 3 of 37 samples. It occurs as fine disseminations and thin veinlets and typically lies in the upper part of the mineralized zone followed by chalcocite, bornite and chalcopyrite with increasing depth. Native copper can be floated with the assistance of sulfidizing agents and with the use of powerful collectors.
A cluster of gold grains (with 13% silver) as an inclusion in bornite was noted in one of the samples from the current study. This substantiates the observation that higher gold grades often occur at Kwanika when bornite is present. If this is typical, then gold should be readily recovered to a copper concentrate.
The presence of abundant carbonate (typically 5-20%) was noted in most of the samples; this is a favorable environmental factor, since carbonate would neutralize acid generated by oxidation of pyrite in tailings.
"These preliminary observations are encouraging and suggest that excellent copper and gold recoveries should be achievable at Kwanika. Deposits with mixtures of copper minerals such as observed here often produce copper concentrate grades in excess of 40% Cu, for instance at Highland Valley, BC and Chuquicamata, Chile." stated David Moore President and CEO. "We will use these results to help design an initial flotation test work program," elaborated Moore.
The current mineralogical study was carried out by P.C. LeCouteur, Ph.D., P. Eng., of Micron Geological Ltd., and comments on the metallurgical implications of this work were provided by Kevin Scott, P. Eng., of Scott Wilson Roscoe Postle Associates. The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101, and reviewed by the Company's qualified persons, Myron Osatenko, P. Geo., Chief Geologist and David W. Moore, P. Geo., President and CEO of Serengeti Resources Inc.
About Serengeti
Serengeti is a mineral exploration company managed by an experienced team of professionals with a solid track record of exploration success. The Company is focused on the advancement of its Kwanika copper-gold project and on the discovery of copper-gold and molybdenum deposits on its extensive portfolio of properties in the highly prospective Quesnel Trough of British Columbia. Additional information on Serengeti's projects can be found on the Company's website at
www.serengetiresources.com
or the Kwanika project at
www.corebox.com
.
For further information, please contact:
David W. Moore, President and CEO,
Serengeti Resources Inc., 604-605-1300
Email:
dmoore@serengetiresources.com
Website:
www.serengetiresources.com
Lisa May, BMK Communications: ph 604-685-8184 / Email:
info@serengetiresources.com
The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.
Cautionary Statement
This document contains "forward-looking statements" within the meaning of applicable Canadian securities regulations. All statements other than statements of historical fact here-in , including , without limitation, statements regarding exploration results and 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 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.
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Corporate Presentations of Serengeti Resources
12/7/2009
company update featured in Resource Opportunities November p...
Annual reports of Serengeti Resources
2008 Annual report
2007 Annual Report
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6/16/2011
Announces a Non-Brokered Flow-Through Private Placement
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Extends Exercise Term of Warrants
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Extends Exercise Term of Warrants
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Extends Exercise Term of Warrants
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Announces Appointment of New Director
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Serengeti Resources Approved for Tier 1 Listing, Appoints Pr...
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Approved For Tier 1 Listing Appoints Principal Consulting Ge...
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Appoints New Auditors
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appoints new CFO
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Phelps Dodge Corporation of Canada Enters into Agreement to...
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2/24/2011
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2/16/2011
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2/16/2011
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2/7/2011
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Groundbreaking Geochemical Study Identifies New Target Adjac...
1/20/2011
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Reports Open-Pit Copper-Gold Resource at Kwanika
11/18/2010
(Cristobal)
Stakes Additional Ground - Completes Initial Field Program o...
9/9/2010
(Kwanika)
Reports Final Kwanika 2010 Drilling Results Identifies Addit...
8/5/2010
(Kwanika)
Completes Exploration Access Agreement for Kwanika Project w...
6/17/2010
(Kwanika)
Major Drill Campaign Commences at Kwanika Project
4/13/2010
(Kwanika)
to Drill at Kwanika to Expand South Zone
1/18/2010
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Announces Major Resource Expansion at Kwanika
12/9/2009
(Kwanika)
initiates Kwanika South Zone Resource Study & Reports result...
10/26/2009
(Tchentlo)
Encouraged by Regional Exploration Results
8/26/2009
(Kwanika)
Intersects 0.78% Copper Equivalent over 150 meters in South ...
6/8/2009
(Kwanika)
Larger Summer Drilling Program on Kwanika and High Priority ...
4/8/2009
(Kwanika)
43-101 Report on the Kwanika Project
2/25/2009
(Kwanika)
Resource Estimate Confirms 1.6 Million Ounce Gold
and 1....
9/11/2008
(Kwanika)
intersects 482 meters grading 0.51% Copper, 0.90 g/t Gold in...
8/1/2008
(Kwanika)
Intersects 65 meters grading 1.09% Copper, 1.21 g/t Gold and...
7/17/2008
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6/15/2008
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Continues to Expand Central Zone at Kwanika
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makes new Copper-Moly discovery at Kwanika & Expands centra...
5/7/2008
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Reports on Positive Mineralogical Study at Kwanika
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(Kwanika)
Continues to expand Copper-Gold zone at Kwanika
3/31/2008
(Quest)
Expand QUEST Project; Complete Additional Airborne Surveys
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Intersects 610 meters grading 0.74% Copper, 0.78 g/t Gold i...
2/12/2008
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Intersects 280 M Grading 0.47 % Copper, 0.63 G/T Gold At Kwa...
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Large Airborne Magnetometer Survey Completed over QUEST Prop...
1/21/2008
(Kwanika)
Commences 2008 Drill Program at Kwanika Wins Northern BC Pr...
12/19/2007
(Kwanika)
Completes 2007 Drill Program at Kwanika
11/26/2007
(Kwanika)
Kwanika Copper-Gold Project
11/6/2007
(Kwanika)
Intersects Supergene Copper Zone at Kwanika Grading 0.76% C...
10/2/2007
(Kwanika)
Continues to Intersect Good Grade at Kwanika Including 159 M...
9/6/2007
(Kwanika)
Drills 48 meters of 0.75% Copper and 2.5 g/t Gold at Kwanika
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(Kwanika)
Update Second Drill Rig Mobilized to Kwanika
6/6/2007
(Kwanika)
Completes Initial Drill Program at Kwanika; Acquires Five Ne...
Corporate news of Serengeti Resources
5/1/2013
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Acquires Property near Colorado Resources' North Rok Copper-...
2/28/2013
and Fjordland Consolidate Adjoining Properties into "Milliga...
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Identifies High Grade Gold in Surface Sampling at Croy Bloom...
11/5/2012
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Kwanika Drill Program Shows Copper-Gold System Open at North...
1/19/2012
Review of 2011 Exploration Programs in British Columbia
8/17/2011
s British Columbia Exploration Activities
6/8/2011
Provides Exploration Update
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Phelps Dodge Corporation of Canada Enters into Agreement to...
12/16/2010
Announces Strategic Share Block Purchase by Raven Hill Partn...
12/15/2010
Principals Awarded BC Prospector of the Year for Kwanika Dis...
7/27/2010
Acquires Gold-Silver Properties in Mexico
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Completes Airborne Survey at Tchentlo
4/20/2010
presenting at Minerals North, Prince George
4/1/2010
Announces Investor Relations Contracts
1/13/2010
SIR invites you to visit us
12/1/2009
participating in Agoracom Online Gold & Commodities Conferen...
11/30/2009
CEO clip featured on The Biography Channel
10/13/2009
Commences Drilling on Choo and Mil Gold-Copper Targets near ...
9/21/2009
Expands Potential of South Zone at Kwanika
8/6/2009
President's Letter to Shareholders
6/1/2009
Message to Shareholders
8/11/2008
President's Letter to Shareholders
8/30/2007
Retains BMK Communications, Grants Options
8/1/2007
Fjordland Partner on QUEST Joint Venture
7/31/2007
President'S Message To Shareholders
7/27/2007
Announces Shareholders Rights Plan
7/10/2007
Reports 312 meters of 0.27% Copper and 0.39 g/t Gold from Sp...
6/8/2007
Announces Completion of $20 Million Financing
5/16/2007
Announces $15 Million Bought-Deal Financing
5/15/2007
Drills 328 meters of 0.61% copper and 0.72 g/t gold at its K...
4/24/2007
Reports Drilling Progress on Kwanika Property
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