News Feed Item

Savary's Hounde South Property's Preliminary Metallurgical Testing Indicates Gold Recoveries Averaged in Excess of 93% for Sulphide/Non-Oxidized Gold Mineralization

TORONTO, ONTARIO -- (Marketwired) -- 08/21/14 -- Savary Gold Corp. (TSX VENTURE:SCA) ("Savary") reports the results of the preliminary metallurgical testing completed on seven samples from three of the four mineralized zones on Savary's Hounde South property (see Figure 1 for general location) in southwestern Burkina Faso. The property, which is accessible by paved highway, is located approximately 300 kilometres southwest of the Capital Ouagadougou, and 60 kilometres east of Bobo Dioulasso, the second largest city in Burkina Faso. Both rail and grid power come within approximately 65 kilometres of the Hounde South property.

A summary of significant cyanide bottle roll results, at 72 hours retention time, are as follows:

--  Kien - four samples average 95.4% gold recovery 
--  Karangosso - two samples average 87.3% gold recovery 
--  Kueredougou - one sample with 96.5% gold recovery 

Don Dudek, Savary's President and CEO commented: "It was great to see confirmation of the non-refractory nature of the fresh rock gold mineralization in these preliminary metallurgical tests. This work further de-risks the project and when combined with the robust nature of these gold systems, I believe we will have a lot of good news to look forward to."

Each of the seven mineralized, fresh rock assay pulp samples (ground to 95% passing 106 micron) were first re-assayed and then subjected to timed bottle roll gold recovery, with a cyanide-rich fluid and tested for gold content after 12, 24, 36, 48 and 72 hours. Each of the samples was mixed with 2,000 millilitres of cyanide-bearing fluid with 40 millilitres of fluid (2%) drawn off at the various time intervals for testing of gold content. While this form of testing does not provide definitive gold recovery numbers, it does provide a good indication of the gold recovery through conventional gold recovery methods. Samples which displayed recoveries greater than 100% were reduced to 100% recovery in the summary above; these high recoveries likely result from assay variability due to the nuggetty nature of the gold mineralization in these systems. Gold recovery details are presented in the table below.

Zone          Kien    Kien    Kien    Kien Kueredougou Karangosso Karangosso
hole           DH-     DH-     RC-     RC-                                  
             14-06   14-09   14-28   14-32    RC-14-15  DH-14-01B   RC-14-10
depth (m)    69.0-  145.7-   45.0-   94.0-                                  
              84.0   156.3    51.0   103.0   95.0-98.0  111.3-132  72.0-75.0
Sample          G2      G3      G6      G7          G5         G1         G4
12hr          2479    1201    1864    1129        3975        598       2746
24hr          2646    1235    1984    1198        4023        618       2895
36hr          2795    1239    2097    1163        4165        637       3023
48hr          2735    1371    2191    1193        4106        677       3054
72hr          2810    1472    2244    1227        4186        682       3154
New assay     3125    1460    1960    1340        4340        790       3570
% recov                                                                     
 after 72                                                                   
 hrs        89.90% 100.80% 114.50%  91.60%      96.50%     86.30%     88.30%

Joint Venture Agreement Update

Savary and Sarama are close to finalizing a Joint Venture agreement ("JV") which follows a Heads of Agreement ("HoA") which was signed on March 10, 2014 (see Savary news release dated March 11, 2014). This will unify the operatorship of Savary's 500 square kilometre Hounde South property and Sarama's 250 square kilometre Serakoro 1 property. The resultant JV company will be 65% owned by Savary and 35% owned by Sarama with Savary the operator as long as it controls a majority interest in the joint venture. The combined properties host a 50 kilometre and a 24 kilometre long, mining camp scale, envelope of gold-in-soil anomalies, which when tested, have returned numerous gold-bearing intercepts that will require follow-up (see figure 2).

About Savary Gold

Savary Gold is a Canadian exploration company focused on exploring the Hounde South Gold Property in Burkina Faso. The property is in the Birimian age Hounde Greenstone Belt, which hosts Semafo's Mana mine and additional gold deposits that are presently subject to extensive exploration efforts (including Endeavour Mining's Hounde Project, Roxgold Yaramoko Project and Sarama's South Hounde Project, which is adjacent to Savary Gold's property). For additional information please visit our website at www.savarygold.com and follow us on Facebook, Linked-In and Twitter: @SavaryGold.

Don Dudek, P.Geo., President and CEO of Savary and a qualified person under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.


On behalf of the Board

Don Dudek, President & Chief Executive Officer

Cautionary Notes

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements. These statements include statements regarding the preliminary metallurgical testing and sampling; the finalization of the joint venture all and the receipt of all necessary approvals. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.

Two maps (Figure 1 and Figure 2) are available at the following addresses:



More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
In past @ThingsExpo presentations, Joseph di Paolantonio has explored how various Internet of Things (IoT) and data management and analytics (DMA) solution spaces will come together as sensor analytics ecosystems. This year, in his session at @ThingsExpo, Joseph di Paolantonio from DataArchon, will be adding the numerous Transportation areas, from autonomous vehicles to “Uber for containers.” While IoT data in any one area of Transportation will have a huge impact in that area, combining sensor...
Intelligent machines are here. Robots, self-driving cars, drones, bots and many IoT devices are becoming smarter with Machine Learning. In her session at @ThingsExpo, Sudha Jamthe, CEO of IoTDisruptions.com, will discuss the next wave of business disruption at the junction of IoT and AI, impacting many industries and set to change our lives, work and world as we know it.
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, discussed the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filterin...
Security, data privacy, reliability, and regulatory compliance are critical factors when evaluating whether to move business applications from in-house, client-hosted environments to a cloud platform. Quality assurance plays a vital role in ensuring that the appropriate level of risk assessment, verification, and validation takes place to ensure business continuity during the migration to a new cloud platform.
DevOps is speeding towards the IT world like a freight train and the hype around it is deafening. There is no reason to be afraid of this change as it is the natural reaction to the agile movement that revolutionized development just a few years ago. By definition, DevOps is the natural alignment of IT performance to business profitability. The relevance of this has yet to be quantified but it has been suggested that the route to the CEO’s chair will come from the IT leaders that successfully ma...
In his session at Cloud Expo, Robert Cohen, an economist and senior fellow at the Economic Strategy Institute, will provide economic scenarios that describe how the rapid adoption of software-defined everything including cloud services, SDDC and open networking will change GDP, industry growth, productivity and jobs. This session will also include a drill down for several industries such as finance, social media, cloud service providers and pharmaceuticals.
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
We are always online. We access our data, our finances, work, and various services on the Internet. But we live in a congested world of information in which the roads were built two decades ago. The quest for better, faster Internet routing has been around for a decade, but nobody solved this problem. We’ve seen band aid approaches like CDNs that attack a niche's slice of static content part of the Internet, but that’s it. It does not address the dynamic services-based Internet of today. It doe...
Ask someone to architect an Internet of Things (IoT) solution and you are guaranteed to see a reference to the cloud. This would lead you to believe that IoT requires the cloud to exist. However, there are many IoT use cases where the cloud is not feasible or desirable. In his session at @ThingsExpo, Dave McCarthy, Director of Products at Bsquare Corporation, will discuss the strategies that exist to extend intelligence directly to IoT devices and sensors, freeing them from the constraints of ...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
By now most people have either created their configuration management solution or are just embarking on this journey. In his session at @DevOpsSummit at 19th Cloud Expo, Marco Ceppi, a DevOps Engineer working at Canonical, will discuss how to take configuration management to the next level with modelling and orchestration. He will also discuss how and why people are moving from a machine-centric view to a service/application-oriented view of deployments, and how you can leverage the knowledge a...
@ThingsExpo has been named the Top 5 Most Influential M2M Brand by Onalytica in the ‘Machine to Machine: Top 100 Influencers and Brands.' Onalytica analyzed the online debate on M2M by looking at over 85,000 tweets to provide the most influential individuals and brands that drive the discussion. According to Onalytica the "analysis showed a very engaged community with a lot of interactive tweets. The M2M discussion seems to be more fragmented and driven by some of the major brands present in the...
In the 21st century, security on the Internet has become one of the most important issues. We hear more and more about cyber-attacks on the websites of large corporations, banks and even small businesses. When online we’re concerned not only for our own safety but also our privacy. We have to know that hackers usually start their preparation by investigating the private information of admins – the habits, interests, visited websites and so on. On the other hand, our own security is in danger bec...
Enterprises have been using both Big Data and virtualization for years. Until recently, however, most enterprises have not combined the two. Big Data's demands for higher levels of performance, the ability to control quality-of-service (QoS), and the ability to adhere to SLAs have kept it on bare metal, apart from the modern data center cloud. With recent technology innovations, we've seen the advantages of bare metal erode to such a degree that the enhanced flexibility and reduced costs that cl...
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...