Sanu Gold Corp.
Financials:
Primary ticker: CSE:SANU, OTCQB:SNGCF
Stage of development: Exploration
Primary mineral: Gold
Projects to promote: Daina, Bantabaye, Diguifara
Project location: Guinea, West Africa
Website: www.sanugoldcorp.com
Corporate presentation: Click here
Corporate factsheet: Click here
Sanu Gold is exploring three high quality gold exploration permits in the number one gold mining region in the world – West Africa. Sanu Gold’s projects are within Guinea’s Siguiri Basin, a prolific gold district host to several operating mines and major new discoveries.
The Company has defined multi-kilometer long gold-bearing structures on each of its three large gold exploration permits and is targeting multi-million ounce gold discoveries. In its inaugural drill program in H2/22, Sanu Gold made a high grade gold discovery at the Daina 2 Main Zone. In March 2023, the Company commenced a 25,000m drill program aimed at following up on the Daina 2 Main Zone discovery and beginning to drill test additional targets across its three permits.
Sanu is operated by a highly experienced team, with successful records of discovery, resource development and mine permitting throughout West Africa.
Cash: CAD3M
Debt: NIL
Major shareholders:
Insiders, Founders and Close Associates – 40%
Institutional – 25%
High-Net Worth Individuals – 25%
Retail – 10%
Management Profile
Martin is a international mining professional with over 20 years experience, who has held key management positions with a number of junior explorers, private equity investment funds, majors (BHP) and development companies (MDL, Teranga). He has been the co-founder of several resource exploration companies across West Africa, South America, Europe and Australia. Martin has extensive experience with mining private equity investments including due diligence, exploration and resource upside evaluation, development projects and operations.
What is your rationale for taking part in 121 Mining Investment?
Sanu Gold is looking to raise awareness of this new company with investors looking to participate in potential future financings and purchase shares on market.
What recent news would you like to highlight to investors attending?
April 20 2023 – Sanu Gold 2023 Drill Program Update: Drilling Underway at the Bantabaye Permit in Guinea, West Africa
April 18 2023 – Sanu Gold Announces New High Grade Gold Zone on the Bantabaye Permit in Guinea, West Africa: 20.9 g/t Au in Bedrock
March 2 2023 – Sanu Gold Commences 2023 Drill Program
February 21 2023 – Sanu Gold Announces Closing of $3 Million Private Placement
February 10 2023 – Sanu Gold Announces Increase in Private Placement Financing to $3,000,000
January 24 2023 – Sanu Gold Announces $2,500,000 Private Placement
January 18 2023 – Sanu Gold Update on the Phase I Drill Program at the Bantabaye Permit in Guinea, West Africa
January 10 2023 – Sanu Gold Provides Corporate Update
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Commence 25,000m drill program, beginning with additional drill testing of the Dania 2 Main Zone discovery.
6 Months:
Continued drilling for discovery on targets across Sanu Gold’s three exploration permits.
12 Months:
Target evaluation for resource definition.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
One of the company’s key challenges is raising to profile of a new issuer in a crowded space in the market. Sanu Gold is raising investor awareness through various initiatives, including the 121 Group conferences.
What do you think makes your company such a compelling investment?
Sanu Gold has a strong corporate and technical team with a depth of experience in West Africa. The Company’s systematic exploration of it’s highly prospective 280 square kilometre land package over the last 2 years has outline multiple large and strong gold in bedrock anomalies. An initial drill test in H2/22 led to an exciting new discovery. Sanu Gold has commenced a 25,000m drill program aimed at the discovery of multi-million ounce gold deposits in the #1 gold mining region in the world.
What are the top 3 key investor takeaways?
1. Large, highly prospective land package in the #1 gold region in the world
2. Exploration success with discovery in H2/22 drill program; 25,000m drill program commenced Q1/23
3. Experienced team with strong track record in West Africa