Welcome!

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.

SAVARY GOLD CORP.

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:

http://media3.marketwire.com/docs/140821_SCA_Figure1.pdf

http://media3.marketwire.com/docs/140821_SCA_Figure2.pdf

Contacts:
Savary Gold Corp.
Michael McAllister
Manager, Investor Relations
416-309-2134
[email protected]
www.savarygold.com

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
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
"Codigm is based on the cloud and we are here to explore marketing opportunities in America. Our mission is to make an ecosystem of the SW environment that anyone can understand, learn, teach, and develop the SW on the cloud," explained Sung Tae Ryu, CEO of Codigm, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"We're developing a software that is based on the cloud environment and we are providing those services to corporations and the general public," explained Seungmin Kim, CEO/CTO of SM Systems Inc., in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"We're focused on how to get some of the attributes that you would expect from an Amazon, Azure, Google, and doing that on-prem. We believe today that you can actually get those types of things done with certain architectures available in the market today," explained Steve Conner, VP of Sales at Cloudistics, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are moving to the cloud faster than most of us in security expected. CIOs are going from 0 to 100 in cloud adoption and leaving security teams in the dust. Once cloud is part of an enterprise stack, it’s unclear who has responsibility for the protection of applications, services, and data. When cloud breaches occur, whether active compromise or a publicly accessible database, the blame must fall on both service providers and users. In his session at 21st Cloud Expo, Ben Johnson, C...
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, introduced two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a multip...
"CA has been doing a lot of things in the area of DevOps. Now we have a complete set of tool sets in order to enable customers to go all the way from planning to development to testing down to release into the operations," explained Aruna Ravichandran, Vice President of Global Marketing and Strategy at CA Technologies, in this SYS-CON.tv interview at DevOps Summit at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
"The reason Tier 1 companies are coming to us is we're able to narrow the gap where custom applications need to be built. They provide a lot of services, like IBM has Watson, and they provide a lot of hardware but how do you bring it all together? Bringing it all together they have to build custom applications and that's the niche that we are able to help them with," explained Peter Jung, Product Leader at Pulzze Systems Inc., in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2,...
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, discussed how data centers of the future will be managed, how the p...
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
"There's plenty of bandwidth out there but it's never in the right place. So what Cedexis does is uses data to work out the best pathways to get data from the origin to the person who wants to get it," explained Simon Jones, Evangelist and Head of Marketing at Cedexis, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Data scientists must access high-performance computing resources across a wide-area network. To achieve cloud-based HPC visualization, researchers must transfer datasets and visualization results efficiently. HPC clusters now compute GPU-accelerated visualization in the cloud cluster. To efficiently display results remotely, a high-performance, low-latency protocol transfers the display from the cluster to a remote desktop. Further, tools to easily mount remote datasets and efficiently transfer...