SCA Savary Gold Corp

SAVARY GOLD CORP. ("Savary" or the "Company") (TSX VENTURE:SCA) is pleased to
report it has intersected significant gold mineralization in a previously
untested area on its Hounde South property, located in southwestern Burkina
Faso. These initial results are based on a total of 1,264 samples collected from
12 reverse circulation (RC) holes drilled in the Kien area of the property. In
all, a total of 3,630 samples (including QA/QC samples) were collected for assay
during this recently completed RC drilling program, with the results from the
remaining 2,366 samples pending.


Highlights from this most recent set of results include:



----------------------------------------------------------------------------
                                                                       G x W
                            From         To      Width      Grade   (grade x
Drill Hole                   (m)        (m)        (m)      (g/t)     width)
----------------------------------------------------------------------------
HS-RC-13-27                 12.0       23.0       11.0       1.06       11.6
----------------------------------------------------------------------------
  including                 15.0       21.0        6.0       1.40        8.4
----------------------------------------------------------------------------
HS-RC-13-28                 49.0       53.0        4.0       3.61       14.5
----------------------------------------------------------------------------
HS-RC-13-30                  1.0       16.0       15.0       1.50       22.5
----------------------------------------------------------------------------
  including                  1.0        8.0        7.0       2.72       19.0
----------------------------------------------------------------------------
HS-RC-13-31                 54.0       75.0       21.0       2.00       42.0
----------------------------------------------------------------------------
  including                 63.0       70.0        7.0       3.58       25.1
----------------------------------------------------------------------------
HS-RC-13-32                  3.0       11.0        8.0       7.36       58.9
----------------------------------------------------------------------------
  including                  3.0        7.0        4.0      13.60       54.4
----------------------------------------------------------------------------



"We are extremely pleased with the results from this initial batch of assays,"
stated Charles Mostert, Savary Gold's President and CEO. "The significant
mineralization identified from a previously unexplored section of the property
clearly illustrates that our confidence in the Hounde South property is well
placed and we are very much looking forward to receiving the rest of the
assays."


A complete list of assay results received to date, as well as a drill hole
location map, are posted on the Savary Gold website at:
http://savarygold.com/projects/hounde-south


This most recently completed RC drilling program, totaling 3,470 metres, is part
of a total $1.5 million program aimed at investigating six high priority targets
along the north-northeast trending Ouango-Fitini Shear zone. The first phase of
this drilling program, which totaled 2,709 metres, was completed in December
2012 (see news release dated January 23, 2013 for details).


True widths are unknown for the intervals shown in the preceding table as there
is currently insufficient information. However, the position of the mineralized
intervals in holes HS-RC-13-30 and HS-RC-13-31 and observations made in outcrop
suggest an east dipping orientation of the mineralized zone. All drill holes in
the area were drilled toward the west. Mineralization is open down dip and along
strike.


The Hounde South property consists of two exploration licenses, Diosso and
Mandiasso, totaling 375 square kilometres, and is located in the Birimian age
Hounde Greenstone Belt of West Africa, currently the fastest growing gold
producing area in the world.


Drilling was carried out by Major Drilling Burkina Faso SA. using a
track-mounted RC drill rig. Sampling of the RC chips was conducted on one metre
intervals from surface. Each sample was dried, crushed to 85% passing 2mm and
then split to 1.5 kg by riffle splitter. The 1.5 kg, 2 mm split was pulverized
to 95% passing 106mm. Fifty grams of the pulverized material was analysed for
gold via fire assay with an atomic absorption spectroscopy (AAS) finish.
Although not accredited, SGS Burkina Faso SA operates according to ISO 17025
standards and institutes a full Quality Assurance Quality Control (QAQC) program
consisting of insertion of blanks, standard reference material, repeats and
reject splits which in total account for up to 25% of all determinations
conducted. In addition to SGS QAQC procedures, Savary Gold instituted its own
QAQC program consisting of blind and random insertion of standard reference
material (1 in 20 samples), field duplicates (3 in 100 samples) and blank
samples (2 in 100 samples). Both Major Drilling Burkina Faso SA. and SGS Burkina
Faso SA. are independent of Savary Gold.


Robin Black, M.Sc., P. Geo., a consulting geologist of the Company and a
Qualified Person as defined by National Instrument 43-101, has reviewed and
approved the technical information contained in this news release and has
verified the sampling, analytical and test data underlying the assay results
disclosed herein. Mr. Black has verified that the results were accurate based on
the official assay certificate provided to Savary.


About Savary Gold

Savary Gold is a Canadian company with a tightly held capital structure and is
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 and Sarama's
South Hounde Project, which is adjacent to Savary Gold's property).


SAVARY GOLD CORP.

On behalf of the Board

Charles Mostert, Chief Executive Officer

Cautionary Note Regarding Forward-Looking Information

Information set forth in this news release may involve forward-looking
statements under applicable securities laws. Forward-looking statements are
statements that relate to future, not past, events. In this context,
forward-looking statements often address expected future business and financial
performance, and often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or event "may",
"might", "could", "should", or "will" be taken or occur, or other similar
expressions. Forward-looking statements or information relate to, among other
things, the details and timing of the Company's exploration plan, the results of
the recently completed drilling and sampling, and the exploration potential of
the Company's properties. By their nature, forward-looking statements involve
known and unknown risks, uncertainties and other factors which may cause our
actual results, performance or achievements, or other future events, to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such factors include,
among others, the following risks: the risks associated with outstanding
litigation, if any; risks associated with project development; the need for
additional financing; operational risks associated with exploration;
fluctuations in gold and other commodity prices; title matters; environmental
liability claims and insurance; reliance on key personnel; the potential for
conflicts of interest among certain officers, directors or promoters with
certain other projects; the absence of dividends; competition; dilution; the
volatility of our common share price and volume and other risks and
uncertainties, including those described in the Company's most recent Management
Discussion & Analysis report filed with the Canadian Securities Administrators
and available at www.sedar.com. Forward-looking statements are made based on
management's beliefs, estimates and opinions on the date that statements are
made and the Company undertakes no obligation to update forward-looking
statements if these beliefs, estimates and opinions or other circumstances
should change, except as required by law. Investors are cautioned against
attributing undue certainty to forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Savary Gold Corp.
Konstantine Tsakumis
Investor Relations
604-681-8030 x232
604-681-8039 (FAX)
info@savarygold.com
www.savarygold.com

Savary Gold Corp. (TSXV:SCA)
Historical Stock Chart
From May 2024 to Jun 2024

Savary Gold Corp. (TSXV:SCA)
Historical Stock Chart
From Jun 2023 to Jun 2024