TSX.V:

Savary Gold’s And Sarama’s Field Program Discovers 24 New Zones Of Gold Mineralization And Identifies Two New Gold Trends On The Karankasso Jv Project, Burkina Faso

FIVE TO EIGHT KILOMETRES WIDE BY 45 KILOMETRES LONG PROSPECTIVE CORRIDOR FOR GOLD MINERALIZATION

Toronto, Canada – December 15, 2014Savary Gold Corp. (TSX-V: SCA) (“Savary”) and Sarama Resources Ltd. (TSX-V: SWA) (“Sarama”) announce new grab sample assay results from a recently completed field program on the Karankasso JV Project in southwestern Burkina Faso (see figure below). The 750 square kilometre Karankasso property is a 65/35 joint venture with Savary as operator. A summary of significant results are as follows:

  • 2.11 g/t gold – New zone, Karan Trend – Highway quartz porphyry zone, not drilled
  • 2.20 g/t gold – New zone, Kuere West zone – not drilled
  • 5.50 g/t gold – Kien West zone southern extension, not drilled
  • 3.29 g/t gold – Kien West zone southern extension, not drilled
  • 50.75 g/t gold – New zone southwest of Kueredougou West, not drilled
  • 3.74 g/t gold – New zone, Kueredougou West southern extension, not drilled
  • 1.63 g/t gold – New zone west of Kueredougou West, not drilled
  • 2.86 g/t gold – New zone, Kuere West trend, not drilled
  • 24.90 g/t gold – New zone, Koure Trend, new zone, not drilled
  • 28.25 g/t gold – New zone, Koure Trend, new zone, not drilled
  • 5.4 g/t gold – New zone, 400 m west of Koure trend, not drilled
  • 4.54 g/t gold – New zone, 250 m west of Koure trend, not drilled
  • 12.48 g/t gold - New zone, 450 m west of Koure trend, not drilled
  • 23.4 g/t Au – Serakoro 1 West zone, drill follow-up required
  • 11.55 g/t gold – New zone, Karan trend, not drilled
  • 13.5 g/t gold – New zone, Sera W trend, not drilled

Highlights of this work include the following target areas:

  • Recognition of numerous, new gold occurrences over a wider than previously realized area, ranging from five to eight kilometres wide, and that likely extends for the length of the concession package, a distance of approximately 45 km. In addition to the dominant trends of gold mineralization, numerous gold-bearing sub-structures have been indentified between the larger scale structures.
  • Discovery of several new zones of felsic intrusion hosted gold mineralization along the Sera W and Karan mineralization trends proximal to the western margin of the Houndé
    • one zone, that intersects the highway, returning grab samples of quartz veined felsic intrusion that returned 2.11 and 1.92 g/t Au from two historic mining areas 430 metres by up to 40 metres wide and 470 metres by up to 50 metres wide, respectively.
  • Discovery of the Koure Trend mineralization - samples from different mineralized artisanal mining zones along a 3.8 km strike returned values of 24.8 g/t Au, 28.25 g/t Au and 1.25 g/t Au. This trend has never been drill tested and contains the visually strongest gold-bearing mineralization on the property.
  • Discovery of several untested artisanal mining zones, with widths ranging up to 35 metres wide, located 900 metres south of the recently reported Kueredougou West zone.
  • Identification of likely structural controls for gold mineralization in the Serakoro 1 West zone where previous drilling returned 3.7 g/t Au over 27.0 metres and high gold values in an altered felsic intrusion returned up to 23.4 g/t Au from outside the drill tested area.
  • Discovery of a new zone of intensive artisanal mining in the northwest corner of the Serakoro 1 property that returned an assay of 13.5 g/t Au.
  • Discovery of the untested, up to 35 metres wide, Kuere West trend that can be traced for 8.2 kilometres via a series of artisanal mining areas. Samples from this trend returned up to 2.86 g/t Au.

“Once again the Karankasso project results exceeded our expectations” stated Don Dudek, President and CEO of Savary “Recently completed field work has not only demonstrated additional mineralization along known gold mineralized trends, but has also resulted in the discovery of several new multi-kilometre long gold mineralization trends which host 24 new gold zones that have returned values of greater than 1.0 g/t gold as well as several large areas of gold mineralization, that individually display size, grade and alteration characteristics which could result in a material discovery.”

From November 18th to 30th, Savary and Sarama completed a reconnaissance field program covering the 750 square kilometre Karankasso Project area. The goal of the field program was to improve the understanding of the controls on the existing zones, visit and evaluate newly discovered artisanal mining sites and follow-up on untested gold-in-soil anomalies. During this program 128 rock samples were collected and information for 396 data sites was recorded. This work resulted in the discovery of 24 new gold zones returning > 1.0 g/t Au and three new gold-bearing trends, Koure, Keure West and Karan trends. Assay details and general site descriptions are presented at the end of the release. Note that most rock samples were collected from artisanal waste rock piles as, in most cases, sampling directly from outcrop was not possible.

Karankasso 2
Click to enlarge

QP comments

In addition to the mapping and prospecting program, a detailed (50 metre by 25 metre sample points) soil sampling program was carried out over an 800 metre by 800 metre portion of the Serakoro 1 West zone where previous drilling returned up to 3.72 g/t Au over 27.0 metres. The goal of the program is to better define, what is expected to be, a locally high grade, conjugate vein, gold zones hosted by a fractured felsic intrusion.

An additional observation, specifically regarding the Serakoro 1 concession, is that outside of the main Sera W and Keure Trends, there is abundant laterite cover which masks the bedrock and thus reduces Savary’s ability to trace gold zones along strike. This could be a reason why there is less artisanal activity on the Serakoro 1 property as compared to the Mandiasso and Diosso concessions to the north. An augur sampling or rotary air blast (RAB) program is being considered to aid in tracing the gold zones south into the Serakoro 1 concession.

Once the soil sample results have been received, all new and existing drill targets will be prioritized and a follow-up exploration drill program will be developed for presentation to Savary’s Board of Directors and Sarama’s management team for review and approval.

QA/QC

All samples were collected in plastic bags, which were stapled shut with a sample tag before inserted into a larger poly sample bag for shipment to SGS Laboratories in Ouagadougou. Sample blanks and assay standards were inserted every ten prospecting samples resulting in 11% of the assayed samples being reference/blank control samples. Upon reception of the assay results, the results for the reference and blank control samples were compared against expected results. All standards and blank control samples returned results within expected ranges. Don Dudek, P. Geo. has reviewed and supervised the QA/QC program.

About Savary Gold

Savary Gold is a Canadian exploration company, along with partner, Sarama Resources Limited, are focused on exploring the Houndé South and Serakoro 1 Gold Properties in Burkina Faso. The properties are in the Birimian age Houndé Greenstone Belt, which hosts Semafo’s Mana mine and additional gold deposits that are presently subject to extensive exploration efforts (including Endeavour Mining’s Houndé Project, Roxgold Yaramoko Project and Sarama’s South Houndé 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 the Company 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

For more information, please contact:
Michael McAllister, Manager, Investor Relations
T: 416-309-2134
E: info@savarygold.com
www.savarygold.com

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 field program, the discovery of new gold minerlaization, the identification of new gold trends, historical drill intercepts and the results of historical data being indicative of the potential of the property. 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.

Fall 2014 Karankasso Prospecting Program Sampling results

Au g/t Au

Sample #

Easting

Northing

 Zone

<0.01

9301

403588

1205328

New - Karan East Highway, 430 m by up to 40 m wide artisanal zone, not drill tested

1.92

9302

403592

1205345

New - Karan East Highway, 430 m by up to 40 m wide artisanal zone, not drill tested

0.04

9303

403609

1205389

New - Karan East Highway, 430 m by up to 40 m wide artisanal zone, not drill tested

<0.01

9304

403590

1205375

New - Karan East Highway, 430 m by up to 40 m wide artisanal zone, not drill tested

2.11

9305

403362

1205498

New - Karan East Highway, 470 m by up to 50 m wide artisanal zone, not drill tested

0.2

9306

403575

1205149

New - Karan East Highway, 430 m by up to 40 m wide artisanal zone, not drill tested

0.03

9307

403574

1205209

New - Karan East Highway, 430 m by up to 40 m wide artisanal zone, not drill tested

0.04

9308

409532

1206855

New - Karan East Highway, 430 m by up to 40 m wide artisanal zone, not drill tested

0.39

9309

409700

1206955

New - Karan East Highway, 430 m by up to 40 m wide artisanal zone, not drill tested

0.03

9311

408699

1207015

 

1.94

9312

408059

1205123

Kien East northeast extension, 1.2 km by up to 35 m wide artisanal mining trend, not drilled

0.89

9313

408059

1205123

Kien East northeast extension, not drilled

4.25

9314

406194

1203708

Kien West, nearby drill hole not drilled far enough to intersect 225 m by 5-10 m wide artisanal mining zone

1.16

9315

406253

1203685

Kien West, nearby drill hole just missed 150 m by up to 30 m wide artisanal mining zone

0.56

9316

405966

1202430

Kien West, 200 m by 1-3 m wide artisanal mining zone, not drilled

0.02

9317

406659

1202282

 

0.25

9318

405736

1201853

Kien West trend, 350 m by 1-3 m wide series of artisanal pits, not drilled

5.55

9319

405741

1201853

Kien West trend, 350 m by 1-3 m wide series of artisanal pits, not drilled

0.47

9321

405815

1201924

Kien West trend, 350 m by 1-3 m wide series of artisanal pits, not drilled

0.12

9322

405605

1201304

Kien West trend, 50 m by 3-5 m wide artisanal zone, not tested

3.29

9323

405621

1201318

Kien West trend, 50 m by 3-5 m wide artisanal zone, not tested

0.24

9324

401296

1189746

Kuere Trend, Diosso South zone parallel zone, 270 m by 1-3 m pitting area, not drilled

0.58

9325

401217

1189614

Kuere Trend, Diosso South zone parallel zone, 270 m by 1-3 m pitting area, not drilled

0.77

9326

401087

1189411

Kuere Trend, Diosso South zone parallel trend, 15 m by 1-3 m wide pitting area, nearby RC hole returned 1.37 g/t Au over 4.0 m and 1.2 g/t Au over 2.0 m

0.14

9327

401333

1188750

New, 150 m west of Koure trend, small isolated artisanal pit

0.03

9328

401423

1188788

New, Koure trend, 200 m by 2-5 m wide zone of artisanal mining, not drilled

0.03

9329

401447

1188877

New, Koure trend, 200 m by 2-5 m wide zone of artisanal mining, not drilled

0.91

9331

401487

1188963

New, Koure trend, 200 m by 2-5 m wide zone of artisanal mining, not drilled

0.41

9332

401286

1189236

New, isolated artisanal site, 150 m long by up to 30 m wide, sericite-fuchite alteration, 400 m east of Diosso South zone, RAB hole, 60 m north returned 2.08 g/t Au over 2.0 m

0.43

9333

401277

1189213

New, isolated artisanal site, 150 m long by up to 30 m wide, sericite-fuchite alteration, 400 m east of Diosso South zone, RAB hole, 60 m north returned 2.08 g/t Au over 2.0 m

1.12

9334

400304

1189422

Kuere West trend, 500m east of Diosso South zone, 870 m by up to 35 m wide artisanal mining zone, not tested

1.6

9335

400309

1189511

Kuere West trend, 500m east of Diosso South zone, 870 m by up to 35 m wide artisanal mining zone, not tested

2.205

9336

400403

1189670

Kuere West trend, 500m east of Diosso South zone, 870 m by up to 35 m wide artisanal mining zone, not tested

0.06

9337

400485

1189858

Kuere West trend, 500m east of Diosso South zone, 870 m by up to 35 m wide artisanal mining zone, not tested

0.64

9338

400250

1189285

Kuere West trend, 500m east of Diosso South zone, 870 m by up to 35 m wide artisanal mining zone, not tested

0.47

9339

400154

1189084

Kuere West trend, 500m east of Diosso South zone, 870 m by up to 35 m wide artisanal mining zone, not tested

0.28

9341

400142

1188901

Kuere West trend, 500m east of Diosso South zone, 870 m by up to 35 m wide artisanal mining zone, not tested

0.06

9342

400112

1188691

New, Isolated artisanal site, 35 m long by 1-3 m wide, may be related to Kuere West Trend

0.09

9343

399468

1187424

 

0.73

9344

404970

1197808

Kuere Cross, new zone on northeast trending cross-structure

0.07

9345

404971

1197809

 

0.15

9346

404870

1197916

 

0.05

9347

402407

1193130

New, Kuere Trend, 950 m south of Keuredougou West zone, 750 m by up to 35 m wide zone of artisanal mining, Southern extension, not tested

6.17

9348

402388

1193109

New, Kuere Trend, 950 m south of Keuredougou West zone, 750 m by up to 35 m wide zone of artisanal mining, Southern extension, not tested

1.2

9349

402406

1193199

New, Kuere Trend, 950 m south of Keuredougou West zone, 750 m by up to 35 m wide zone of artisanal mining, Southern extension, not tested

0.9

9351

402432

1193277

New, Kuere Trend, 950 m south of Keuredougou West zone, 750 m by up to 35 m wide zone of artisanal mining, Southern extension, not tested

0.12

9352

402501

1193531

New, Kuere Trend, 950 m south of Keuredougou West zone, 750 m by up to 35 m wide zone of artisanal mining, Southern extension, not tested

0.09

9353

402589

1193392

 

0.03

9354

402637

1193407

 

50.75

9355

402811

1193154

New zone, 350 m East of Kuere trend, 40 m by 15 m wide artisanal mining zone,  not tested

3.74

9356

402325

1193907

New, Kuere west trend, 65 m by 1-3 m artisanal mining area, RAB hole 110 m north interested 1.45 g/t Au ober 4.0 m

0.41

9357

402547

1194474

New, Kuere West trend, 100 m by 1-3 m wide artisanal zone

1.63

9358

401821

1194739

New zone west of Kuere West trend, 150 mby 40 m wide artisanal pitting area, not drilled

0.05

9360

402566

1194862

 

0.21

9361

401415

1193866

 

1.15

9362

402636

1194744

Keure West trend, 170 m by 1-2 m wide area with artisanal pitting lines, RAB hole 150 m south intersected 0.99 g/t Au over 3.0 m

0.08

9363

403142

1194536

 

2.86

9364

402775

1195084

Kuere West trend, 78 m by 1-2 m wide zone of artisanal shafts, RAB hole 120 m south interested 0.99 g/t Au over 1.0 m

0.54

9365

402445

1197044

New zone west of Kuere West trend, 145 m by 1-3 m wide artisanal mining area, not drilled

0.06

9366

402776

1194665

Kueredougou West zone

0.54

9367

402743

1194549

Kueredougou West zone

1.91

9368

402653

1194294

Kueredougou West zone, sample from pit 60 m south of last hole

2.85

9369

403123

1194557

New zone,  270 m east of Kueredougou West zone, 400 by 1-2 m wide trend of artisanal pits

0.06

9370

403377

1194812

 

1.82

9372

404482

1194673

New  Zone - Koure Trend, traced for 1.04 km and up to 55 m wide, not drilled

24.8

9373

404478

1194697

New  Zone - Koure Trend, traced for 1.04 km and up to 55 m wide, not drilled

6.47

9374

404496

1194820

New  Zone - Koure Trend, traced for 1.04 km and up to 55 m wide, not drilled

<0.01

9375

404542

1195065

New  Zone - Koure Trend, traced for 1.04 km and up to 55 m wide, not drilled

0.11

9376

404579

1195179

New  Zone - Koure Trend, traced for 1.04 km and up to 55 m wide, not drilled

0.5

9377

404665

1195325

New  Zone - Koure Trend, traced for 1.04 km and up to 55 m wide, not drilled

0.02

9378

404562

1195359

New  Zone - Koure Trend, traced for 1.04 km and up to 55 m wide, not drilled

0.14

9379

404457

1195395

New  Zone - Koure Trend, traced for 1.04 km and up to 55 m wide, not drilled

0.46

9381

404369

1194360

New  Zone - Koure Trend, traced for 1.04 km and up to 55 m wide, not drilled

28.25

9382

405572

1196876

New  Zone - Koure Trend, , 1.8 km north of sample group 9372-9381, 150 m long by 1-5 m wide pitting trend, sulphide rich waste piles, not drilled

0.055

9383

405600

1196913

 

<0.01

9384

405626

1196799

 

0.03

9385

405645

1196818

 

0.23

9386

404385

1195710

 

5.4

9387

404404

1195643

New  Zone - 400 m west of Koure Trend, 140 m by 50 m zone of pitting, hosted by pillow basalt, not drilled

<0.01

9388

404280

1195731

New  Zone - 400 m west of Koure Trend, 140 m by 50 m zone of pitting, hosted by pillow basalt, not drilled

1.1

9390

404315

1195712

New  Zone - 400 m west of Koure Trend, 140 m by 50 m zone of pitting, hosted by pillow basalt, not drilled

1.76

9391

404635

1195770

New  Zone - 400 m west of Koure Trend, 140 m by 50 m zone of pitting, hosted by pillow basalt, not drilled

2.15

9392

404462

1198104

New Zone - 250 m east of Kuere Trend, 230 m by 3-7 m wide pitting area, RC hole 80 m south intersected 0.88 g/t Au over 1.0 m and 0.81 g/t Au over 1.0 m, not drilled

26.8

9393

404521

1198269

New Zone - 250 m east of Kuere Trend, 230 m by 3-7 m wide pitting area, not drilled

0.21

9394

404576

1198333

 

0.04

9395

406537

1202038

 

1.74

9396

406313

1201407

New Zone 500 m west of interpreted Koure Trend, 48 m by 100 m artisanal diggin zone, not drilled

4.54

9397

406543

1201278

New Zone 250 m west of interpreted - Koure Trend, 450 m by up to 40 m wide cluster of pits

<0.01

9398

406543

1201012

 

12.45

9400

406300

1200394

New Zone, 420 m west of interpreted Koure Trend, 3 narrow pitting trends up to 65 m long and 1-2 m wide

1.25

9401

405997

1197746

New zone, Koure trend, area of 10+ 30-40 m deep shafts along a 160 m strike, sample of periferal mineralization to planned mining area

0.34

9402

403361

1193034

New, Isolated area of artisanal digging 134 m by 25 m wide

0.26

9403

401263

1190252

Kuere trend, 300 m by 1-10 m wide zone of pitting, active mining, historic RC returned 4.93 g/t over 1.0 m and 5.92 g/t over 3.0 m

0.62

9404

398298

1189995

New zone - Karan West trend, 425 m by 1-3 m wide zone of artisanal shafts, mix of sheared intermediate volcanics and felsic intrusion

0.21

9405

398547

1190744

New zone, 75 m by 1-10m wide artisanal zone with 30 m shaft, sheared and quartz veined felsic intrusion,

0.03

9406

398369

1190598

 

11.55

9407

398706

1191498

New Zone - Karan West trend, Sericitized, pyritic and quartz veined intermediate volc and felsic intrusion

23.4

9410

392230

1176012

Serakoro 1 West, weakly silicified and sericitic felsic intrusion

<0.01

9411

392530

1176196

 

13.3

9412

392527

1176218

Serakoro 1 West, weakly silicified and sericitic felsic intrusion

0.72

9413

392522

1176758

Serakoro 1 West, weakly silicified and sericitic felsic intrusion

0.68

9414

396341

1176846

New zone - Kuere Trend, Serakoro 1 concession, outcrop sample, nearest hole 600 m south

<0.01

9415

396042

1176794

 

<0.01

9416

398198

1179472

 

<0.01

9417

397961

1182262

 

<0.01

9418

395916

1176573

 

0.19

9419

395957

1176331

 

0.07

9421

395959

1176286

 

0.06

9422

395599

1171693

 

<0.01

9423

395563

1171702

 

<0.01

9424

395529

1171697

 

<0.01

9425

395439

1171654

 

<0.01

9426

395624

1171920

 

1.415

9427

395765

1173199

Kuere Trend - Serakoro Main zone trend, tested, RC hole 60 m north returned 2.67 g/t Au over 10.0 m

4.35

9428

396073

1173215

New zone, Kuere Trend - Serakoro Main zone, 392 m by up to 5 m wide zone of artisanal pitting, sheared intermediate volcanic, narrow, not drilled

0.5

9430

395970

1173343

New zone, 15 m by 0.5 to 1.0 m wide slot into QV zone to 5 m depth, not drilled

0.02

9431

395749

1173322

 

0.02

9432

396695

1173718

 

0.02

9433

393577

1182794

 

0.49

9434

393540

1182134

New zone - Sera W trend, Serakoro 1 concession, artisanal pitting zone 280 m by 5-10 m wide, shafts to 10 m deep, not tested

3.29

9435

393555

1181901

New zone - Sera W trend, Serakoro 1 concession, artisanal pitting zone 280 m by 5-10 m wide, shafts to 10 m deep, not tested

<0.01

9436

393548

1181907

 

0.64

9437

392590

1180214

New zone - Sera W trend, quartz veined felsic intrusion, open pit artisanal mining zone 100 m by 70 m, nearby RAB holes returned up to 1.93 g/t Au over 2.0 metres, RC drill follow-up required

0.11

9438

392609

1180149

as per sample 9437

<0.01

9439

393621

1181135

 

5.3

9441

394110

1181227

New Zone, 1.2 km east of Sera W trend, 2, 1 mwide  by 150 m series of artisanal pits from 1 m to 8m deep

13.5

9442

393466

1183945

New zone - Sera W trend, quartz veined intermediate to mafic volcanic, 10+, 30-40 m deep shafts across a 5-15 m wide zone for 130 m along strike

0.02

9443

393516

1183960

Cherty unit with brown tourmaline patches, active artisanal mining area 30 m by 2-4 m