Serengeti gives upbeat assessment of B.C. prospects

Exploration at five porphyry-copper gold properties in the Quesnel trough of northern British Columbia is proving its worth, Vancouver-based Serengeti Resources announced in a Nov. 18 release. All the properties lie within 10 kilometers of the Omenica mining access road, with the Choo and Darby prospects directly accessible off logging and mining roads. The Choo property is 25 kilometers west of Placer Dome's Mount Milligan Deposit.

"Serengeti's recently completed fall program on these five highly prospective properties, Bloom, Choo, Fleet, Darby and Shadow indicates that these systems are stronger and potentially more extensive than originally expected," said David W. Moore, president and CEO of Serengeti. "Due to these highly encouraging results, we have increased our land position by staking and it is clear that additional detailed follow-up and in some cases drilling will be required to further assess their potential."

Highlights of the exploration include 800 ppm (parts per million or milligrams per kilogram) to 4,500 ppm copper and 30 ppb (parts per billion or micrograms per kilogram) to 2,080 ppb gold in a 1,500-meter by 1,000-meter soil anomaly at Bloom; 142 ppb gold at 40 meters, 190 ppb gold at 26 meters and 95 ppb gold at 20 meters in drill holes at Choo; an additional 500-hectare claim staked at Fleet to double its size; an average of 890 ppm copper and 102 ppb gold in a 2,500-meter by 500-meter soil anomaly at Darby; and 155 ppm to 333 ppm copper and less than 10 ppb to 2,200 ppb gold in a 1,500-meter by 300-meter soil anomaly at Shadow.

Osatenko has worked in B.C., Alaska, Chile

Serengeti also announced the appointment of Myron Osatenko as chief geologist. Osatenko has 35 years' exploration experience with Teck Cominco and related companies, where he specialized in the identification and discovery of large tonnage porphyry copper and copper-gold deposits. He has worked with these deposits over a geographical range from Chile to the Highland Valley of British Columbia and Pebble, Alaska.