Sanu Gold Corp. Outlines 7km of Gold in Bedrock Anomalies with Auger Drilling and Rock Chip Sampling at Diguifara Permit

Highlights

Assay results from a first-pass auger drill program have outlined 7 km of significant gold in bedrock anomalies at the geochemically defined DIG 1, DIG 2, DIG 3 and DIG 4 targets within Diguifara.

• Rock chip samples exceeding 1g/t Au include grades of 89.1g/t, 2.96g/t, 2.26g/t, 1.63g/t, 1.56g/t, 1.41g/t, 1.30g/t, 1.07g/t Au (Table 2).
• Assay results from a first-pass auger drilling program outlined four large target areas with a total strike length of 7 km of significant gold bedrock anomalies.
• Significant gold-in-auger anomalies with broad widths of anomalous gold results in the weathered bedrock (assay values up to 4.82 g/t Au) were returned from the auger-drilling program (Table 1).
• The first-pass auger results define four bedrock gold in bedrock targets, each composed of a series of sub-parallel structures associated with coincident gold anomalism (Figure 1).
• Gold trends defined by the auger align with and are located within the broader termite mound anomalies (contour >100 ppb Au), and also follow the interpreted regional structures, and are located in areas that returned high-grade gold in rock chip samples, and are in some places along trend of artisanal mining in saprolite.(Figure 1).

Martin Pawlitschek, CEO of Sanu commented: "With each phase of our systematic exploration programs we continue to confirm and progress towards delineating highly prospective drill targets. The work at Diguifara has progressed to a point where rock chip sampling has confirmed the presence of gold mineralization and kilometer-scale gold trends have been delineated by auger drilling. As soon as the reverse circulation ("RC") drill program at the Daina Gold Exploration Permit is complete, we will commence initial RC drill testing of our newly defined targets at Diguifara."

Diguifara Auger Drilling Results

Sanu completed a 11,146 metre ("m") (1,150 hole) auger drilling program across Diguifara. The auger drilling program targeted the priority gold in termite mound anomalies previously delineated (see Sanu news release dated 9 August, 2022). A fast and cost-effective tool, the power auger allows systematic sampling of saprolite (weathered bedrock) below lateritic and transported cover that reaches thicknesses of 1 to 15 m. Auger drill lines were east-west oriented and spaced 200 m apart; drill holes were spaced at 25 m intervals along each line. A total of 6,317 auger samples (including quality control samples) were sent to the SGS Laboratory in Bamako, Mali ("SGS") for gold analysis. Results from the auger drilling are highly encouraging and outlined 7 km of significant gold in bedrock anomalies. Bedrock gold trends of this size present highly prospective targets for follow-up RC drill testing.

The most promising target, DIG 1, extends over 3 km along strike, with a consistent width of 200 to 300 m. The DIG 1 target trends north-northwest and hosts multiple high-grade auriferous saprolite samples (including 1.88 g/t Au and 1.09 g/t Au) within several auger holes. The DIG 1 target is parallel to the regional-scale fault zone that defines the thrusted and faulted contact between volcanoclastic sequences and sedimentary domains (Figure 1).

The DIG 2 target extends over 1.5 km in strike length, with withs of 200 to 300 m. This target is composed of a series of sub-parallel trends of gold anomalism in a zone of structural dilation. The DIG 2 target contains anomalous gold values in auger saprolite samples (including 4.82 g/t Au, 2.51 g/t Au and 1.53 g/t Au) and high-grade gold mineralization in rock chip samples from outcrop, including 89.1 g/t Au, 2.96 g/t Au, 2.26 g/t Au, 1.41 g/t Au and 1.07 g/t Au (Figure 1 and Table 1).

The DIG 3 target extends over 1.3 km in strike length, with an average width of 300 meters. The main structure is associated with several secondary parallel structures and extends near the major faulted contact between volcanoclastic sequences and sedimentary domains. Assay results from auriferous saprolite auger samples range up to 0.71 g/t Au and 0.46 g/t Au.

The DIG 4 target is composed of a series of parallel, isolated and discontinuous north-south trending bedrock-mineralized structures extending over a 1 km strike length. High-grade gold mineralization in rock chip sampling from outcrop included 1.63 g/t Au, 1.30 g/t Au and 1.56 g/t Au (Figure 1 and Table 1).

Quality Assurance / Quality Control ("QA/QC")

Sampling was completed following industry best practices, conducted under the supervision of the Company's project geologists and the chain of custody from the project to the sample preparation facility was continuously monitored. An appropriate number and type of certified reference materials (standards) and blanks amounting to 5% of the total number of samples shipped to the laboratory was inserted approximately every 20th sample to ensure an effective QA/QC program.

Data verification of the analytical results included a statistical analysis of the standards and blanks that must pass certain parameters for acceptance to ensure accurate and verifiable results. The sampling was conducted using 2 m composite intervals. The minimum depth of each auger drill hole was planned to be 10 meters. For drill holes where 4 m of saprolite within the 10 m hole was not intersected, drilling was continued to a greater depth to obtain a minimum of two composite samples of saprolite. All samples from the auger-drilling program were analyzed using fire assay 'FAA505' at SGS. SGS is an internationally recognized and commercially certified laboratory and is independent of Sanu.

Next Steps

An initial RC drill program, comprising at least 2,500 m is planned to commence in late August/early September 2022. The goal of this program will be to drill-test the high-grade results in rock chip samples obtained from artisanal workings and the encouraging results on select lines obtained from the auger drilling program. The initial RC drill testing program will prioritize the DIG 1, 2 and 3 targets.

FIGURE 1: Diguifara Gold Exploration Permit. Plan view map showing trends of saprolite gold anomalism outlined by the auger-drilling program. Note the strong correlation between the structural interpretation of the termite mound gold geochemistry (contour >100 ppb Au), trends of saprolite gold anomalies outlined by the auger drilling program and location of high-grade gold in rock chip samples.

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/8941/134135_bc0b6413e4014857_001full.jpg

TABLE 1:Significant Intersections from the Diguifara auger drilling program (intercepts >0.1g/t gold)

TABLE 2: Significant Intersections from the Diguifara auger drilling program (intercepts >0.1g/t gold)

Qualified Persons

The technical or scientific information in this press release has been reviewed and approved by Serigne Dieng, PhD., M.Sc., AIG, Exploration Manager of the company's three projects, who serves as a qualified person under the definition of National Instrument 43-101.

About Sanu Gold

Located within the world class Siguiri Basin, host to several operating mines, Sanu is exploring three high quality gold exploration permits in Guinea targeting multi-million ounce gold discoveries. The Company has defined kilometer scale gold bearing structures on each of the permits with multiple highly prospective drill targets. Sanu is operated by a highly experienced team with successful records of discovery, resource development and mine permitting.

Martin Pawlitschek
President & CEO, Sanu Gold Corp.

For further information regarding Sanu, please email info@sanugoldcorp.com or visit website at www.sanugoldcorp.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain statements that may be deemed "forward-looking statements" with respect to the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "indicates", "opportunity", "possible" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Sanu believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the Company's plans for exploration on its properties and ability to execute on plans, ability to raise sufficient capital to fund its obligations under its property agreements going forward, ability to maintain its material property agreements, mineral tenures and concessions in good standing, to explore and develop its projects; changes in economic conditions or financial markets; the inherent hazards associated with mineral exploration and mining operations, future prices of gold and other metals, changes in general economic conditions and local risks in the jurisdiction (Guinea) in which it operates, accuracy of mineral resource and reserve estimates, the potential for new discoveries, the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the projects and if obtained, to obtain such permits and consents in a timely fashion relative to the Company's plans and business objectives for the projects; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, dependence on key management personnel and general competition in the mining industry. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.