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

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
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
Building a cross-cloud operational model can be a daunting task. Per-cloud silos are not the answer, but neither is a fully generic abstraction plane that strips out capabilities unique to a particular provider. In his session at 20th Cloud Expo, Chris Wolf, VP & Chief Technology Officer, Global Field & Industry at VMware, will discuss how successful organizations approach cloud operations and management, with insights into where operations should be centralized and when it’s best to decentraliz...
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound e...
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, pane...
Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the USA and Europe, we work with a variety of customers from emerging startups to Fortune 1000 companies.
SYS-CON Events announced today that Grape Up will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company specializing in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the U.S. and Europe, Grape Up works with a variety of customers from emergi...
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
@ThingsExpo has been named the Most Influential ‘Smart Cities - IIoT' Account and @BigDataExpo has been named fourteenth by Right Relevance (RR), which provides curated information and intelligence on approximately 50,000 topics. In addition, Right Relevance provides an Insights offering that combines the above Topics and Influencers information with real time conversations to provide actionable intelligence with visualizations to enable decision making. The Insights service is applicable to eve...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...