image of Sanu Gold In West Africa

Stock Chart SanuGold

Writer: Kevin Dwyer CEO,Head Trader
December 1, 2023

 UNVEILING THE POTENTIAL OF SANUGOLD IN WEST AFRICA'S SIGUIRI BASIN 

Underscored by an ascendant gold market, Sanu Gold presents a compelling opportunity for investors. A publicly traded exploration company, Sanu Gold intends to position itself at the forefront of the burgeoning gold exploration and mining sector in Guinea, West Africa's highly fertile Siguiri Basin.

West Africa is globally recognized as the leading gold mining region. Even with this, the Siguiri Basin of Guinea, despite hosting long-lived multi-million-ounce gold mines and recently commissioned gold mines, still needs to be explored. This scenario bodes well for Sanu Gold, offering the company an unparalleled prospect to claim its place in this thriving new frontier for gold discovery.

A portfolio of tremendously promising gold projects is at the core of Sanu Gold's operations. The company has successfully identified multi-kilometre-long gold-bearing structures on its three exploration permits. These discoveries set the stage for potential near-surface, multi-million-ounce gold discoveries. 

The company's initial drilling programmes on its first two permits have already yielded high-grade gold discoveries. This success is anchored by the company's proficient team that blends local knowledge and international expertise. With a commendable record spanning discovery, resource development, and mine permitting across West Africa, the team is set to integrate their rich experience with the company's strategic vision to unlock substantial value for investors.

As illuminated in the  5 Reasons to Invest in Sanu Gold, at the core of the company's prospects are five salient strengths:

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FACT SHEET

Ticker CSE:SANU
Share Price ($ CAD)

$0.09

Common Shares Issued (Issued and Outstanding) 138.5M
Stock Options 5.7M
Warrants 5.8M
Shares Fully Diluted 150M
Market Cap ($ CAD) (Issued and Outstanding) $12.47M

 

STRATEGIC ADVANCEMENT IN WEST AFRICA

In an impressive stride towards mineral exploitation, Sanu Gold Corporation (CSE: SANU) (OTCQB: SNGCF) has recently significantly expanded its operational footprint in Guinea, West Africa. The organization has successfully procured a 75% interest in the Bantabaye, Daina, and Diguifara Gold Exploration Permits by acquiring a corresponding stake in Guinean enterprises possessing the said Permits. The transaction adheres to the stipulations outlined in the ultimate prospectus, publicized on the 21st of June, 2022. The dynamic President & CEO Martin Pawlitschek underscored the value this development imparted to the corporate portfolio, heralding new gold discoveries after exploratory drill programs.

ARTICULATION OF OWNERSHIP MILESTONES

Advancing through meticulous phases, Sanu Gold, via its subsidiary Zirasanu SARLU, navigated the achievement of a 51% interest in the alliance by fulfilling US$400,000 work commitments within an 18-month timespan. The enterprise has surmounted Stage 2 requirements by injecting an additional US$600,000 into exploration within the subsequent 18 months, thereby consolidating a 75% ownership. Ambitions stretch to securing an 85% interest, contingent upon the fulfilment of Stage 3 obligations and deft completion of a Definitive Feasibility Study.

FOOTPRINT IN THE SIGUIRI BASIN

Sanu Gold is a vanguard exploration entity focussed on the Siguiri Basin, a gold repository within Guinea's ambit known for its untapped potential amidst established mining operations. The company's aspirations are buoyed by the discovery of extensive gold-bearing structures across its permits, with the quest for near-surface multi-million-ounce deposits zealously pursued. With a management cadre composed of West African mining veterans, the corporation is poised to transition these prospects from exploratory to economically viable assets, augmenting its stake in the region's mining ascendancy.

CONCLUSION

In conclusion, Sanu Gold offers a unique blend of significant advantages. By focusing its operations in an underexplored yet prolific gold region and utilizing a team with a proven record, the company stands to deliver tier-1 discoveries. Its projects have so far yielded high-grade gold deposits, further reinforcing the potential of its portfolio. With no bureaucratic hindrances, the company is primed for swift progression from exploration to extraction, promising a golden future for its investors. With this comprehensive profile, Sanu Gold is undoubtedly a beacon of promising investment in the gold exploration sector.

Full disclosure: MineStocker owns shares in the company and will likely continue to purchase more shares.

 

 





















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