TSX-V: SIR

Projects

PropertyHigh Potential Property with newly identified, untested sulphide system adjacent to former Kemess South Cu-Au mine
LocationOmineca Mining Division pf north-central British Columbia, Canada. 7Km NE of Kemess Mine
Target SummaryA newly identified strong to intense Induced polarization anomaly under shallow cover suggests a sulphide system associated with Takla Volcanics, immediate hangingwall rocks to the three nearby Cu-Au deposits. Anomalous copper-zinc-gold geochemistry associated with shallowest part of the geophysical target and potential fault offset to nearby Kemess South or Kemess in Underground-Kemess East mineralized corridors add to the target’s potential
OwnershipSerengeti Resources Inc. 100%

Project Summary

The UDS property is 100% owned by Serengeti and comprises a 2,286 Ha claim. The property is located 7 km northeast of the Kemess South Pit which produced 3 million oz of gold and 794 million lbs of copper from 219 million tonnes of ore and 5 km east of the Kemess Underground, Proven and Probable reserve of 100.3 million tonnes at 0.28% copper, 0.56 g/t gold and 2.05 g/t silver. The UDS property covers a structurally complex area of rocks similar to those that host and immediately overlie the nearby Kemess deposits. The main mineralization in the district consists of vein-type epithermal precious metal occurrences and three porphyry gold-copper deposits. Serengeti Resources has recently identified a large, intense chargeability anomaly near the Kemess South deposit, interpreted to represent a previously untested sulfide system proximal to the deposits noted above.

Plans Moving Forward

The 2016 IP program has significantly expanded a historic Northgate IP chargeability anomaly that bordered the property to the south and has expanded it to an area of 1,500 m by 900 m. This chargeability anomaly is associated with anomalous geochemistry, favourable rocks and proximity to three major deposits, and warrants a 1,500 to 200m drilling program in 2017 to test this compelling target.

Location and Infrastructure

The UDS property is located 7 km from the Kemess South mining camp which still contains a large facility with bunkhouses, mill site, airstrip, all weather road and power line from Mackenzie B.C. The property is accessed by helicopter at present but is within 2-3 km of the mine road network.

History

The property has seen prospecting dating back to the 1960’s in the search for epithermal and bonanza gold in the region. Prospecting has shown gold values up to 0.5 g/t Au and anomalous zinc and copper on the south ridge of the property. Very shallow drill holes drilled in 1989 testing a fault zone for epithermal Au-Ag. This was accompanied by trenching and further soil sampling. Stealth Minerals acquired the property in the early 2000’s and completed 2 years of prospecting and soil sampling yielding encouraging results. The land package was subsequently dropped and acquired by Serengeti in the summer of 2013. Serengeti completed 4 lines of deep penetrating IP in the fall of 2016 and defined a strong chargeability anomaly at the south end of the property.

Property Geology

Mesozoic arc-related volcanic rocks comprising the eastern margin of the Intermontane Belt underlie the district over an area measuring 100 kms by 40 kms. The oldest rocks in the belt are Permian Asitka Group limestones and tuffs. Lower - Middle Jurassic Hazelton Group extrusive volcanic and sedimentary units unconformably overlie Takla Group units below; and overlapping all assemblages to the west are upper Cretaceous Sustut Group sediments. Intrusive rocks are prevalent in the area and have been categorized as late Triassic Alaskan-type ultramafics such as pyroxene diorite, hornblende gabbro and pyroxenite composition. Economically more significant are early Jurassic intrusives of the Black Lake suite, which are represented by granodiorite, hornblende diorite, pyroxene quartz-diorite, quartz-monzonite and quartz monzodiorite and outcrop on the ridge south of the property.

Local to the UDS area are the Duncan, Saunders and Finlay Faults, which trend north-northwest and display normal block faulted movement. Thrust faulting interpreted as Eocene or younger is also present in the area with displacement believed to be towards the northeast affecting rocks from the Takla up to Sustut sediments.

The project area contains three known mineralization occurrences (August30, Mess and New Mess 2) with several epithermal Au-Ag occurrences (showings and prospects) ). These are mainly epithermal vein showings, mostly Cu-Ag with occasional Pb-Zn. A copper in soil geochemical anomaly with related copper-gold rock geochemistry at Mess Ridge on the nearby FogMess claim group is deemed a relatively under-explored large-scale target.

© 2017 Serengeti Resources Inc.
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