Serengeti Resources recently released additional assay results from the Kwanika Project. The headline numbers were very impressive coming in at 500 Metres of 0.66% Cu, 0.80g/t Au (2.19 g/t Au Eq) Including 113 Metres of 1.31% Cu, 1.31 g/t Au (4.09 g/t Au Eq). However the stock dropped on the release. At the request of some of our listeners I follow up with Dave Moore, Serengeti President and CEO to address the drop in share price and future work. The Kwanika project is an advanced stage copper project so the work being undertaken is focused on an upcoming Pr-Feasability Study (PFS) and not a new discovery.
If you have any follow up questions for Dave please comment or email me at Fleck@kereport.com.
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Click here to visit the Serengeti website for more information and to read up the full news release.