Sanu Gold Corp. has begun a new drilling campaign at its Daina gold exploration site in Guinea. This campaign targets high-potential areas with significant gold discoveries already reported. The company is well-funded and strategically positioned, with implications for future growth in a shifting gold market.
Sanu Gold Corp. has launched a new drilling campaign at its Daina gold exploration permit in the Siguiri Basin, Guinea. This initiative follows the announcement of promising high-grade intercepts and favorable trenching results. The current drilling program targets around 5,000 meters with 50 to 60 reverse circulation and air-core holes, focusing on the Daina 2 South discovery and its extension towards the Daina 2 Main Zone.
The drilling’s objective is to emphasize mineralization continuity between the Daina 2 South and Daina 2 Main Zone. Previous drilling results reported notable finds of 51 meters at 3.11 grams per tonne of gold at Daina 2 South and up to 21 meters at 4.75 grams per tonne at Daina 2 Main. Trenching results indicate that gold mineralization continues along the strike, pointing to untested potential north and south of these areas.
According to the CEO, Martin Pawlitschek, the recent trench samples showed well-mineralized exposures, while the ground geophysics program revealed structural trends associated with recent high-grade drill intercepts. This anomaly extends over 1 kilometer, significantly heightening the potential of the ongoing work. The current financial position of Sanu Gold includes approximately US$12.5 million in working capital, facilitating the development of its projects in Guinea.
The gold sector is witnessing notable developments. A report from 321 Gold noted a discrepancy between gold mining stock prices and the actual upsurge in gold prices, highlighting a potential mean reversion opportunity. Furthermore, data from Vongreyerz.gold indicated substantial flows of gold from London to COMEX warehouses due to rising demand and risks associated with currency and tariffs on gold imports.
Additionally, geopolitical tensions have prompted global central banks to ramp up gold purchases. An analysis from Ahead of the Herd revealed that such buying peaked under the Biden administration as countries sought to protect assets amid sanctions. In 2024, global gold demand reached a record 4,984.5 tonnes, with expectations for this trend to persist.
Sanu Gold is strategically positioned near major mines in Guinea, aiming to explore high-potential areas through an extensive drilling program across its Daina and Diguifara projects. There are plans for 10,000 meters of drilling to investigate untapped structures and areas. Results from prior Induced Polarization surveys suggested additional mineralization along the Daina 2 trend, with future surveys set to refine drilling target areas further.
The latest ownership structure shows significant investment from strategic investors, including Montage (19.9%), Lundin Group (10%), and Anglo Gold Ashanti (10%). Institutional investors control approximately 17% of the shares, while management and insiders hold about 11%. Sanu Gold’s current market capitalization stands at CA$100 million, with a trading range between CA$0.03 and CA$0.29 over the past year.
Sanu Gold Corp. is actively pursuing drilling campaigns in Guinea, with promising results signaling potential for significant gold resources at their Daina exploration site. The current market dynamics indicate an opportunity for investors as gold stocks may eventually align with rising gold prices. The company’s strategic positioning and financial backing further enhance its prospects for growth in the gold sector.
Original Source: www.streetwisereports.com
