Chart usGOLD   Chart usSILVER  
 
Food for thought
The major monetary metal in history is silver, not gold.”
Milton Friedman  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1386.20-1.40
Silver 22.36-0.14
Platinum 1447.50-10.00
Palladium 724.00-11.00
WORLD MARKETS
DOWJONES 1530312
NASDAQ 34590
NIKKEI 14612128
ASX 4964-77
CAC 40 3957-10
DAX 8305-47
HUI 255-3
XAU 97-3
CURRENCIES (€)
AUS $ 1.3402
CAN $ 1.3332
US $ 1.2932
GBP (£) 0.8548
Sw Fr 1.2430
YEN 130.7400
CURRENCIES ($)
AUS $ 1.0339
CAN $ 1.0320
Euro 0.7733
GBP (£) 0.6612
Sw Fr 0.9607
YEN 101.0500
RATIOS & INDEXES
Gold / Silver61.99
Gold / Oil14.77
Dowjones / Gold11.04
COMMODITIES
Copper 3.29-0.01
WTI Oil 93.87-0.38
Nat. Gas 4.22-0.04
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
( 0 vote, 0/5 ) Print article
     
Tweet
Serengeti ResourcesTSX-V:SIR
    

  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:
  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
 
 

news.gif (0KB)


Tweet

Serengeti Resources

EXPLORATION STAGE
CODE : SIR.V
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Email Alert Add to Watchlist Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy
Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Corporate Presentations of Serengeti Resources
12/7/2009company update featured in Resource Opportunities November p...
Annual reports of Serengeti Resources
2008 Annual report
2007 Annual Report
Financings of Serengeti Resources
6/16/2011Announces a Non-Brokered Flow-Through Private Placement
1/30/2009Extends Exercise Term of Warrants
5/5/2008 Extends Exercise Term of Warrants
1/29/2008Extends Exercise Term of Warrants
2/17/2007Closes Cdn$5.2 Million Private Placement Financing
Option Grants of Serengeti Resources
3/25/2009Grants Incentive Stock Options
Nominations of Serengeti Resources
2/9/2011Announces Appointment of New Director
9/2/2010Serengeti Resources Approved for Tier 1 Listing, Appoints Pr...
9/2/2010Approved For Tier 1 Listing Appoints Principal Consulting Ge...
9/30/2009Appoints New Auditors
3/17/2008appoints new CFO
Project news of Serengeti Resources
2/6/2013(Kwanika)Announces Positive PEA Results: $263 Million NPV for Kwanika...
5/3/2011(Tchentlo)Phelps Dodge Corporation of Canada Enters into Agreement to...
2/24/2011(Sutherland Stikine)Acquires Three Properties in the Highly Prospective Stikine ...
2/24/2011(Stikine)Acquires Three Properties in the Highly Prospective Stikine ...
2/24/2011(Zorro)Acquires Three Properties in the Highly Prospective Stikine ...
2/24/2011(Dease)Acquires Three Properties in the Highly Prospective Stikine ...
2/16/2011(Cristobal)-Mexico Exploration Update: Identifies Mineralized Systems o...
2/16/2011(Victoria Chihuahua)-Mexico Exploration Update: Identifies Mineralized Systems o...
2/7/2011(Kwanika)Groundbreaking Geochemical Study Identifies New Target Adjac...
1/20/2011(Kwanika)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(Kwanika)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(Croy Bloom)Signs Major Option Agreement with Newcrest on Croy Bloom/Dav...
6/15/2008(Kwanika)Continues to Expand Central Zone at Kwanika
5/21/2008(Kwanika) makes new Copper-Moly discovery at Kwanika & Expands centra...
5/7/2008(Kwanika) Reports on Positive Mineralogical Study at Kwanika
4/23/2008(Kwanika)Continues to expand Copper-Gold zone at Kwanika
3/31/2008(Quest)Expand QUEST Project; Complete Additional Airborne Surveys
3/26/2008(Kwanika) Intersects 610 meters grading 0.74% Copper, 0.78 g/t Gold i...
2/12/2008(Kwanika)Intersects 280 M Grading 0.47 % Copper, 0.63 G/T Gold At Kwa...
1/23/2008(Quest)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
8/15/2007(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(Kwanika)Acquires Property near Colorado Resources' North Rok Copper-...
2/28/2013and Fjordland Consolidate Adjoining Properties into "Milliga...
11/13/2012(Croy Bloom)Identifies High Grade Gold in Surface Sampling at Croy Bloom...
11/5/2012(Kwanika)Kwanika Drill Program Shows Copper-Gold System Open at North...
1/19/2012Review of 2011 Exploration Programs in British Columbia
8/17/2011s British Columbia Exploration Activities
6/8/2011Provides Exploration Update
5/3/2011(Tchentlo)Phelps Dodge Corporation of Canada Enters into Agreement to...
12/16/2010Announces Strategic Share Block Purchase by Raven Hill Partn...
12/15/2010Principals Awarded BC Prospector of the Year for Kwanika Dis...
7/27/2010Acquires Gold-Silver Properties in Mexico
5/27/2010Completes Airborne Survey at Tchentlo
4/20/2010presenting at Minerals North, Prince George
4/1/2010Announces Investor Relations Contracts
1/13/2010SIR invites you to visit us
12/1/2009participating in Agoracom Online Gold & Commodities Conferen...
11/30/2009CEO clip featured on The Biography Channel
10/13/2009Commences Drilling on Choo and Mil Gold-Copper Targets near ...
9/21/2009Expands Potential of South Zone at Kwanika
8/6/2009President's Letter to Shareholders
6/1/2009Message to Shareholders
8/11/2008President's Letter to Shareholders
8/30/2007Retains BMK Communications, Grants Options
8/1/2007Fjordland Partner on QUEST Joint Venture
7/31/2007President'S Message To Shareholders
7/27/2007Announces Shareholders Rights Plan
7/10/2007Reports 312 meters of 0.27% Copper and 0.39 g/t Gold from Sp...
6/8/2007Announces Completion of $20 Million Financing
5/16/2007Announces $15 Million Bought-Deal Financing
5/15/2007Drills 328 meters of 0.61% copper and 0.72 g/t gold at its K...
4/24/2007Reports Drilling Progress on Kwanika Property
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (SIR.V)OTHER OTC (SGRNF.PK)
0.070+16.67%0.060+0.00%
TSX-V
CA$ 0.070
05/23 15:09 0.010
16.67%
Prev close Open
0.060 0.070
Low High
0.070 0.070
Year l/h YTD var.
0.050 -  0.110 -22.22%
52 week l/h 52 week var.
0.050 -  0.190 -36.36%
Volume 1 month var.
3,000 16.67%
24hGold TrendPower© : -37
Produces
Develops
Explores for Copper - Gold - Molybdenum - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
TOP NEWSRELEASES
Annual variation
DateVariationHighLow
2013-63.16%
201218.75%0.250.08
2011-50.00%0.410.15
201010.34%0.390.22
200981.25%0.360.18
 
5 years chart
 
3 months chart
 
3 months volume chart