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Abstract
During the period from March 4, 2014 to May 1, 2014, [Savary] completed 5,565 metres of drilling in 44 core and reverse circulation holes on its Hounde South property. Drill holes tested previously recognized gold zones and geochemical and geophysical targets in the Karangosso, Kien and Kueredougou areas (see figures). The gold-bearing trends were extended in all three areas, with the best results returned from Kien where multiple gold-bearing zones were intersected over a large area. Savary management believes that additional drilling will extend the zones northeast along strike. Most holes were spaced 200 metres apart with a single line of in-fill drilling at 100 metre spacing at Kien. A summary of assay composites using a 0.5 g/t cut-off is appended to the end of this news release.
A growing zone of gold mineralization has been discovered in the Kien area approximately 1.0 kilometre south of a highway that has a direct link to Bobo Dioulasso. Drilling has returned narrower, higher grade intercepts of up to 8.90 g/t gold over 3.9 metres to wider zones of mineralization grading up to 0.89 g/t gold over 30.0 metres. Drill holes at Kien have intersected at least eight, northerly- to northeast-trending, mineralized zones with drilling now tracing mineralization along an open ended 2.0 kilometre strike length (see figure 2). Predominantly historic, artisanal activity, with supporting induced polarization chargeability geophysical anomalies and prospect assay samples, extends the northerly-trending gold-bearing structures intermittently for at least 1,000 metres and the northeast trending gold-bearing structures for approximately 2,000 metres (see figure 2). It is anticipated that many of the gold zones identified by drilling can be extended northeast along strike. Gold-bearing mineralization is widespread, focussed at unit contacts, hosted by multiple rock types and associated with sericite-, quartz-, pyrite- and locally fuschite-alteration. Future work will focus on tracing the mineralized zones to the northeast along the trend of the geophysical anomaly and artisanal trends and working toward building a material resource.
Savary's procedures for handling reverse circulation drill chips comprise initial splitting of the rock chips from one metre drill length samples into approximately 2.5 kilogram samples, as well as description and logging into a database. NQ-size, core assay samples are first logged into a database and then are sawn in half with half of the core submitted for analyses; the length of the core samples depends on logged geological controls with samples varying from 0.3 metres to 2.0 metres in length. For core, assay standard samples are inserted every 10th sample and duplicate samples/assays blanks are inserted every 20th sample. For reverse circulation samples, assay standards, sample duplicates and assay blanks were inserted every 40 samples. This sampling procedure was periodically reviewed by Savary's President and CEO, [Don Dudek], P. Geo. All assay samples were collected at site by SGS Laboratory staff from Ouagadougou, Burkina Faso. Sample preparation and fire assays were performed by SGS Laboratories in Ouagadougou. Each sample was dried, crushed to 85% passing 2mm and then split to 1.5 kg by riffle splitter. The 1.5 kg, 2 mm split was pulverized to 95% passing 106mm. Fifty grams of the pulverized material was analysed for gold via fire assay with an atomic absorption spectroscopy (AAS) finish. SGS Burkina Faso SA operates according to ISO 17025 standards and institutes a full Quality Assurance/Quality Control (QA/QC) program consisting of insertion of blanks, standard reference material, repeats and reject splits which in total account for up to 25% of all determinations conducted.