Sanu Gold Stock Price, News & Analysis

Sanu Gold Corp. (OTCQB: SNGCF; CSE: SANU) is a gold exploration company focused on advancing early-stage and discovery-stage projects in the Siguiri Basin of Guinea, West Africa. According to the company’s public news releases, Sanu Gold holds three main gold exploration permits in this prolific gold-producing district: the Daina, Diguifara and Bantabaye properties. Its shares trade on the Canadian Securities Exchange under the symbol SANU and on the OTCQB market in the United States under the symbol SNGCF.

Core exploration focus in the Siguiri Basin

Sanu Gold describes the Siguiri Basin as a highly prospective region with multiple known deposits and extensive artisanal mining. Within this setting, the company is concentrating its work on defining and expanding multi-kilometre gold systems across several targets on its permits. The company’s disclosures emphasize that exploration is at the drilling and target-definition stage, with work aimed at outlining broad mineralized corridors and understanding structural controls on gold mineralization.

Daina property

The Daina property is characterized by Sanu Gold as its most advanced project. Company news releases report that drilling at Daina has outlined a large, multi‑kilometre gold system across several closely spaced targets, including Daina 2, Daina 1 South, Daina 1 North, Daina 6 and Salat East. Work has identified both near‑surface oxide mineralization and deeper structurally controlled zones that remain open along strike and at depth.

At the Daina 2 Target, Sanu Gold reports a north‑northwest‑trending mineralized corridor extending for several kilometres. Drilling has defined mineralized zones over significant strike lengths and to vertical depths exceeding 200 metres, with the structure remaining open. The company highlights a high‑grade zone at Daina 2 South, where air core drilling intersected a long interval of gold mineralization, and notes that follow‑up drilling and geophysical surveys indicate potential for further extensions along strike.

The Daina 1 South Target is described as a roughly 1.3‑kilometre north‑northwest‑trending structure, with multiple parallel mineralized zones partly exposed in large artisanal workings. According to Sanu Gold, drilling and trenching there have confirmed broad zones of gold mineralization hosted in hydrothermally altered greywacke, with structures interpreted as brittle‑ductile shear zones at contacts between contrasting rock units.

At the Salat East Target, the company reports a gold‑bearing structure hosted in hydrothermally altered and sheared granodiorite. Drilling has identified mineralized zones from surface to at least 150–200 metres depth, with widths on the order of tens of metres and the system remaining open along strike and at depth. Company technical descriptions attribute the gold to networks of steeply dipping quartz‑carbonate veins and veinlets associated with disseminated sulphides.

Diguifara property

The Diguifara property lies within the same regional belt and, according to Sanu Gold’s releases, hosts multiple targets along an approximately eight‑kilometre trend of gold anomalism and artisanal workings. The company’s first‑ever drill program at Diguifara tested three main targets—Dig 1, Dig 2 and Dig 3—with air core and reverse circulation drilling.

Sanu Gold reports that this inaugural program confirmed persistent, wide gold mineralization at all three targets, with drill intercepts indicating well‑developed gold‑bearing structures. The company notes that these targets are defined by combinations of termite mound anomalies, auger saprolite anomalies, rock‑chip sampling and induced polarization (IP) geophysical signatures, and that further step‑out drilling is planned to evaluate the continuity and scale of the mineralized zones along strike.

Bantabaye property

On the Bantabaye property, Sanu Gold reports both diamond drilling and extensive geophysical and geochemical work. At the Bantabaye 2 Target in the northern part of the permit, oriented diamond drilling has, according to the company, confirmed that a gold‑bearing structure extends to depth and remains open, with an overall strike length on the order of several kilometres that has only been partially tested.

In the southern part of Bantabaye, Sanu Gold describes a combination of soil and auger sampling, rock‑chip results from active artisanal workings, and IP geophysics that together outline multiple well‑structured gold anomalies over several kilometres of strike. These anomalies are being advanced as high‑priority drill targets, with the goal of determining whether they form part of broad structural corridors similar to those seen at Daina and Diguifara.

Technical approach and exploration methods

Sanu Gold’s public technical disclosures emphasize systematic exploration using a combination of:

• Air Core (AC), Reverse Circulation (RC) and Diamond Drilling (DD) to test both shallow oxide and deeper fresh‑rock mineralization;
• Auger and termite mound sampling to define bedrock gold anomalies beneath cover;
• Gradient IP surveys to map chargeability and resistivity trends associated with shear zones and altered intrusives;
• Trenching in areas of artisanal workings to expose and sample mineralized structures in saprolite.

The company also describes a quality assurance and quality control (QA/QC) program that includes insertion of certified reference standards and blanks at regular intervals and analysis of samples at an independent commercial laboratory using photon assay methods.

Strategic partnerships and funding

According to Sanu Gold’s news releases, the company has attracted strategic investments from several established gold sector participants. AngloGold Ashanti plc, Montage Gold Corp. and members of the Lundin family and associates are all reported as shareholders, with AngloGold Ashanti and Montage Gold also holding investor rights that include participation in future financings and other rights tied to ownership thresholds.

A share exchange transaction with Montage Gold Corp. resulted in Montage acquiring a significant equity position in Sanu Gold, while Sanu received Montage shares. The company states that proceeds from this and related financings are being directed primarily to exploration work on the Daina, Diguifara and Bantabaye permits. Sanu Gold also notes that it has entered into investor rights agreements that, among other things, provide for board representation and technical collaboration in relation to key permits.

Corporate governance and leadership additions

Sanu Gold has announced several board and management appointments intended to strengthen its technical, financial and corporate capabilities. These include the appointment of a new Chair of the Board associated with Montage Gold, the addition of a director with audit and governance expertise, and the hiring of senior technical and business development personnel with experience across African gold exploration and mining finance. The company links these appointments to its strategy of advancing its Guinean exploration portfolio and assessing additional early‑stage opportunities in the country.

Exploration stage and risk profile

Based on its own disclosures, Sanu Gold is at the exploration and discovery stage, with no feasibility study completed on its projects and no mineral reserves established. The company’s technical releases highlight that mineralized zones remain open and that further drilling, geophysics and sampling are required to better define the geometry, continuity and potential scale of the systems at Daina, Diguifara and Bantabaye. As with other early‑stage exploration companies, outcomes depend on future technical results, access to capital and permitting and operational factors in the jurisdictions where it operates.