Serengeti and Fjordland Identify Six Priority IP Targets for Follow-Up on Their QUEST Projectadmin
Serengeti Resources Inc. and its 50%-50% joint venture partner, Fjordland Exploration Inc. are pleased to report that they have selected six priority target properties (Q, ST, MP, Copper, Ping and Mil) from their recently completed 110-line kilometer reconnaissance induced polarization (IP) surveys under their QUEST project for follow-up work. The IP surveys were conducted over nine selected target properties, based on a thorough review of the results of airborne magnetic surveys completed by the Joint Venture during 2007-2008 and of airborne electromagnetic and gravity surveys completed by Geoscience BC during 2007. The target properties lie within the QUEST JV project, that currently comprise 27 copper-gold properties totaling 144,000 hectares, lying between Quesnel and Fort St. James, BC.
David Moore, President & CEO of Serengeti, comments, “We are very pleased to have identified six high-quality induced polarization anomalies with chargeability highs indicating the possible presence of sulphides on these six properties within our QUEST project area. Our systematic approach to exploring this vastly under-explored portion of the Quesnel Trough is moving us one step closer to selecting drill targets to test for buried porphyry copper-gold deposits. The significant mine expansions at Taseko Mines’ Gibraltar mine, the record production and continued good exploration success at Imperial Metals’ Mount Polley mine, the proposed mine development plans for Terrane Metals’ Mt. Milligan deposit, and Serengeti’s pending resource calculation at our Kwanika copper-gold deposit are a testament to the mineral potential of the region.”
Serengeti is a mineral exploration company managed by an experienced team of professionals with a solid track record of exploration success. The Company is focused on the advancement of its Kwanika copper-gold project and on the discovery of copper-gold and molybdenum deposits on its extensive portfolio of properties in the highly prospective Quesnel Trough of British Columbia. Serengeti is well funded to advance its projects with a working capital position of C$10 million.