Serengeti Resources Inc announced the final 3 holes from the South Zone on the Company's Kwanika property in British Columbia. 2 of the 3 current holes tested what is now recognized as a favourable structure along the west side of the South Zone at Kwanika.
Drilling to date here has outlined a well mineralized zone along 350 meters of strike and down to 500 meters in depth grading 0.41% copper, 0.09 gram per tonne of gold, 2.1 gram per tonne of silver, 0.022% molybdenum over an average intercept of 126.6 meters in 7 holes. Importantly, the mineralization along the West Fault remains completely open on strike to the north and south with a potential target length in excess of 2.3 kilometres.
Mr David Moore president and CEO of Serengeti Resources said that "We are extremely pleased with the results from the South Zone drilling at Kwanika this year. These results, in conjunction with intercepts in our prior drilling, plus the historical resource at the South Zone, define an altered and variably mineralized corridor measuring some 500 meters in width, down to 500 meters in depth along 2.3 kilometres in length. Within this corridor our 2009 drilling has identified a higher grade mineralized structure along the west side of the South zone referred to as the West Fault with current known dimensions of 350 by 500 meters by approximately 100 meters in width. The West Fault mineralization remains completely open on strike to the north and south and furthermore, based on geological and geophysical modelling, we now think that similar favourable conditions may exist in a mirror image along the east side of the favourable corridor. This year's work has shown that there is excellent potential to develop a significant copper molybdenum silver gold resource at the South Zone that could add materially to the already defined Central Zone copper gold resource at Kwanika. We are now proceeding with resource estimation on the South Zone and are planning substantial additional drilling to further test this attractive zone in 2010."
