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Last C$0.03 CAD
Change Today 0.00 / 0.00%
Volume 8.5K
SIR On Other Exchanges
As of 2:33 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

serengeti resources inc (SIR) Snapshot

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52 Week High
12/3/14 - C$0.08
52 Week Low
07/6/15 - C$0.03
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serengeti resources inc (SIR) Details

Serengeti Resources Inc. engages in the acquisition, exploration, and development of mineral properties in Canada and Mexico. The company’s primary property is the 100% owned Kwanika copper-gold deposit that contains mineral claims covering an area of 90 square kilometers located in the northern Quesnel Trough, British Columbia. It also explores for Silver and Molybdenum resources. The company was formerly known as Serengeti Minerals Ltd. and changed its name to Serengeti Resources Inc. in 2001. Serengeti Resources Inc. was incorporated in 1973 and is headquartered in Vancouver, Canada.

Founded in 1973

serengeti resources inc (SIR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$168.0K
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

serengeti resources inc (SIR) Key Developments

Serengeti Resources Inc. Auditor Raises 'Going Concern' Doubt

Serengeti Resources Inc. filed its Annual on Jun 18, 2015 for the period ending Feb 28, 2015. In this report its auditor, De Visser Gray, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Serengeti Resources Inc. Reports the Results of Geological and Geochemical Reconnaissance Exploration Program on its UDS Property

Serengeti Resources Inc. reported the results of a geological and geochemical reconnaissance exploration program carried out on its 100% owned, UDS property, strategically located adjacent to AuRico Gold's Kemess Mine property. The current program has outlined two large, highly prospective target areas for follow-up induced polarization (IP) geophysics to test for buried porphyry copper-gold deposits. The UDS property is located five kilometers east of AuRico Gold's feasibility-stage, Kemess Underground project, active Kemess East deep exploration drilling program and eight kilometers northeast of the formerly producing Kemess South mine, which produced 3 million oz of gold and more than 700 million lbs of copper over a 12 year mine life. Recently completed field work on Serengeti's UDS property consisting of geological mapping and limited rock, soil and silt geochemistry outlined two principal target areas for further follow-up; the South Valley and August 30 areas. The August 30 target area encompasses a number of copper-mineralized outcrops and several zones of quartz- sericite-pyrite alteration associated with high level felsic dykes at the faulted contact between Black Lake intrusives and Takla volcanics (both host rocks to the copper-gold deposits at Kemess) and overlying Hazelton volcanics. Mineralization consists of chalcopyrite and secondary copper associated with quartz-sulphide and locally magnetite veins. Ten samples collected from this area returned between 0.1% and 0.7% copper. The targeted area has a footprint of 1,500 meters by 800 meters and is open into a major overburden covered valley to the north. The South Valley target area, 1.5x3km in extent, lies at the south end of the UDS claim block and spans a major valley bottom. Work to the south by AuRico's predecessor, Northgate Minerals outlined a strong open-ended IP chargeability anomaly associated with quartz-sericite-pyrite alteration, potentially associated with a buried porphyry system. Prior soil sampling, confirmed by Serengeti's recent sampling, outlined a strong copper-zinc-gold anomaly on Serengeti's ground, one km to the north of the mapped sulphide system and IP anomaly on AuRico's ground. In addition, several skarn mineralized occurrences (one sample grading 0.26% Cu, 1.0 g/t Au) were located on a ridge immediately east of this target area.

Serengeti Resources Inc. Announces Results of Recently Completed Field Program on its 100% Owned RCN Property

Serengeti Resources Inc. announced the results of a recently completed field program on its 100% owned RCN property, located in northwestern British Columbia. Rock sampling returned additional good-grade copper-gold mineralization from the property, plus a limited IP geophysical survey identified three open-ended chargeability anomalies and soil sampling suggests that a target of interest remains open and may extend beyond the area of current work. These encouraging results warrant additional work. A limited IP geophysical survey was completed as a part of the current program. Three open-ended chargeability anomalies were identified, generally flanking aeromagnetic highs and two of them are located in generally lower resistivity areas so may represent formational anomalies rather than primary target areas. The principal copper-gold occurrence coincides with a moderately resistive and weakly chargeable zone. Interestingly, soil sampling conducted in 2014 located a copper anomaly which is open to the south on the property beyond the area of current work. The results of the current relatively limited field program indicate that more work is warranted on the property up to and including future drill testing.


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