Sranan Gold Corp. (CSE: SRAN) (FSE: P84) (Tradegate: P84) (“Sranan” or the “company”) announces extra high-quality results of sampling in Randy’s Pit, which is located within the Tapanahony project in Suriname.
Nine handle samples were taken from shafts that were recently opened by local miners (see Figure 1) immediately north of Randy’s Pit. The highlight samples returned 76.6 grams per tonne (g/t) gold and 23.7 g/t gold, and the northernmost shaft showed West dullly transposed sugar-like veins with grip samples up to 6.5 g/t gold.
In total, the local population was dug up four shafts that vary from 20 to 30 meters deep. Access to this underground effect offers the possibility of better understanding the orientation and associated change in mineralization that will be the target of the initial drill holes of the company’s inaugural drilling program. The mineralized saprolite in this effect contains transposed sugar-like serrated quartz veins and intense sericite-limony change. Quartzaders and iron sulfides that oxidize to limonite are usually associated with gold.
Dr. Dennis Lapoint, EVP of exploration and business development, noted: “These shafts and sampling are very exciting for the potential of the Randy-Trend. This sample is helpful in helping Sranan in initiating drilling.
In addition to the surface and underground sampling, the company has started a channel program. The trenches are designed to test the continuity of gold mineralization. The first trenches are a maximum of 150 meters to the south past the Put limits.
Samples are prepared and tested by Filab in Paramaribo, Suriname. All samples> 2 g/t were started again with 50 g re-assay and gravimetric test. Standard QA/QC procedures were followed that showed a satisfactory level of reproducibility. Grab samples indicate promising proof of high -quality gold. Channel sampling, slots and drilling are the steps to determine the average degree and thickness. The company notes that grab samples are selected samples and possibly not represent real underlying mineralization.
Figure 1: Recent drone image by Sranan Gold van Randy’s Pit, the new shafts and location of high-quality monsters.
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Stock options
The company announces that it has granted a total of 100,000 stock options to a consultant at a exercise price C $ 0.51 per share, for a period of five (5) years.
About Sranan Gold
Sranan Gold Corp. is concerned with exploring mineral exploration and the acquisition of mineral ownership assets in Suriname. The very potential Tapanahony project is located in the heart of the modern gold rush of Suriname. Tapanahony covers 29,000 hectares in one of the oldest and largest small -scale minor areas in Suriname. There is a significant production of saprolite by local miners along a trend of 4.5 kilometers, where different areas of mining are open.
Sranan Gold is also investigating its AIDA ownership consisting of five mineral claims that cover an area of 2,335.42 hectares on the Highland Shuswap within the Kammloops Mining Division.
For more information, visit sranangold.com.
Qualified person
Dr. Dennis J. Lapoint, Ph.D., P.Geo. A “qualified person” as defined under National Instrument 43-101, has assessed and approved the scientific and technical information in this release. Dr. Lapoint is not independent of Sranan Gold because he is the EVP exploration and business development of the company.
The Canadian Securities Exchange has not approved or rejected the content of this press release.
Foresighting statements
Certain statements in this release form “future -oriented statements” or “future -oriented information” within the meaning of applicable securities laws, including, without restriction, the timing, nature, scope and details about the exploration plans and results of the company in its projects. Such explanations and information include known and unknown risks, uncertainties and other factors that can ensure that the actual results, performance or performance of the company, its projects or industrial results differ substantially from future results, performance or performance that is expressed or implied by such future -oriented statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “May”, “Could”, “would”, “Might” or “Will” Be Taken, Occur or Be Achieved. These statements reflect the current expectations of the company with regard to future events, performance and results and only speak from the date of this release. Further details about the risks that apply to the company are included in the company’s public archives available on Sedar+ (www.sedarplus.ca), under the profile of the company.
Force-looking statements and information included herein are based on certain factors and assumptions with regard to, among other things, the estimate of mineral resources and reserves, the realization of estimates of resources and reserve, metal prices, tax, estimate, timing and amount of future exploration and development, capital and operational, availability, availability, availability, availability, availability, availability, availability, availability, the receipt of the receipt, the receipt, the receipt, the receipt, the receipt, Environmental risks, environmental risks. Although the company regards its assumptions as reasonable from the date of this, future -oriented statements and information are not guarantees for future performance and readers are not allowed to attach unnecessary importance to statements such as actual events and results can vary substantially from those described herein. The company does not undertake to update future -oriented explanations or information, except as required by the applicable securities laws.
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