Serengeti Resources Inc. reports that Kwanika Copper Corp. , the joint venture company owned by SERENGETI and POSCO INTERNATIONAL Corporation , has determined that it is not in a position to complete the Kwanika Prefeasibility Study at this time due to lack of funding and instead will focus on completing an Interim Study Report. Kwanika is a resource stage Cu-Au project in British Columbia, a politically stable [...]
Serengeti Resources Inc. is pleased to report results from the 2019 drilling campaign at the ATTY Project in north-central BC, and to provide an update on the Croy-Bloom and Topcat exploration programs. ATTY lies immediately north of and adjacent to Centerra Gold’s Kemess property. Serengeti secured an option to earn a 100% interest in the ATTY project from Finlay Minerals Ltd. and Electrum Resource Corporation in [...]
Serengeti Resources Inc. is pleased to report that at the Annual and Special General Meeting of its shareholders held September 24, 2019 , the Company experienced a strong turnout of votes. A total of 90 votes were received in person and by proxy, representing 36,829,962 shares or 37.68% of the Company’s issued share capital. All resolutions proposed and voted on at the meeting were approved and duly passed with [...]
Serengeti Resources Inc. announces that it has now closed its convertible loan financing for CAD $700,000.00 with various private investors . . Proceeds from the Loan financing will be used to cover the Company’s share of current expenditures for the Kwanika PFS and for general corporate purposes. All common shares which may be issued pursuant to this Loan financing are subject to a statutory hold period which [...]
Serengeti Resources Inc. is pleased to report results from recent field mapping and geophysical work at the Company’s wholly-owned Arjay and West Goldway properties. The properties, located approximately 6km west of the Omenica Resource Access Road and 45km south-southeast of Centerra Gold’s Kemess project, have now been connected via staking to form the Arjay-Goldway claim group. Serengeti is also pleased to [...]
Serengeti Resources Inc. announces that it intends to conduct a convertible loan financing for up to CAD $700,000.00 with various private investors. The Loan will bear interest at the rate of 1% per month from closing of the Loan financing, calculated monthly and payable quarterly, with no compounding of interest. Security for the Loan will be a Mineral Exploration Tax Credit refund due to Kwanika Copper Corp. , related [...]
Serengeti Resources Inc. is pleased to report recent results from field work completed at the Company’s wholly-owned East Niv property. East Niv is located approximately 15km northwest of the Sustut Copper prospect and 40km south-southwest of the Kemess mine. Serengeti geologists recently completed a 14-day grid mapping and sampling program at East Niv and collected a total of 85 rock samples, 110 soil samples and [...]
Serengeti Resources Inc. is pleased to announce that drilling has started at the Atty property, immediately north of and adjacent to Centerra Gold’s Kemess property in north-central BC. Serengeti plans to drill at least 2,500m to test 3 different targets. Serengeti secured an option to earn a 100% interest in the Atty project from Finlay Minerals Ltd and Electrum Resources Corporation and conducted an initial target [...]
Serengeti Resources Inc. is pleased to announce that it has optioned a large group of claims, covering approximately 21,600 Hectares in central British Columbia, located 170km west-northwest of Mackenzie and 290km northwest of Prince George. The property lies immediately adjacent to the western margin of Sun Metals’ and Teck’s Lorraine property and approximately 10km north of the Lorraine copper-gold deposit [...]
Serengeti Resources Inc. is pleased to outline its regional exploration plans for the 2019 field season. Serengeti’s field teams along with a contract IP geophysical crew have mobilized to north-central BC. The program is being funded by a $1.5 million charity-flow through donation financing completed on May 21, 2019 . David Moore, President of Serengeti said: “We have work planned for our Atty, East Niv [...]
Serengeti Resources Inc. announces it that it has now closed its non brokered private placement financing originally announced April 24, 2019. The Financing was the subject of a back end charity flow through structure, where the investors subscribed for a total of 4,850,000 Flow Through Common Shares at a price of $0.30 per FT Share to raise CDN$1,455,000. The securities issued by the Company in this Financing are subject [...]
Serengeti Resources Inc. announces the results of the first of a number of metallurgical tests being conducted on samples from the Kwanika Project which is controlled by Kwanika Copper Corporation , a private company jointly owned by Serengeti Resources Inc. and Posco International Corporation . This test work is continuing, and full results will be released in the Pre-Feasibility Study scheduled for completion in Q3 [...]
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