10,000-Meter Drill Push Targets Expanding Gold Corridors in Guinea
Source: Streetwise Reports 05/22/2026
Sanu Gold Corp. (SANU:CSE; SNGCF:OTCQB; L73:FRA) reported preparations for a combined 10,000-meter drilling campaign at Daina and Bantabaye, alongside new auger and geophysical results from Diguifara in Guinea.
Sanu Gold Corp. (SANU:CSE; SNGCF:OTCQB; L73:FRA) announced preparations for a 10,000-meter combined aircore and reverse circulation drilling campaign across its Daina and Bantabaye properties in Guinea, while also reporting recent auger and induced polarization survey results from its Diguifara property.
According to the company, preparations are underway for a 5,000-meter AC/RC drilling program at the Daina property. The company stated that recent auger sampling and induced polarization geophysics expanded mineralized trends at Daina 1, Daina 2, and Daina 3, defining strike lengths of up to 8.4 kilometers, 3.6 kilometers and three kilometers, respectively. Sanu Gold reported anomalous gold results, including auger intercepts up to six meters at 2.31 grams per tonne gold and rock chip samples up to 34.91 g/t Au (gold).
At Bantabaye, Sanu Gold said access preparations are well advanced for a 5,000-meter AC/RC drilling program and a 3,000-meter auger sampling program. The drilling campaign at Bantabaye South will target targets 9 and 10 along an approximately eight-kilometer structural corridor. The company stated that rock chip sampling near target 10 returned anomalous gold values, including 48.2 g/t, 7.58 g/t, and five g/t Au.
Sanu Gold also outlined previous drilling results from Bantabaye North, where the company stated that target 2 extends over a 500-meter strike length and remains open along strike and downdip. Previously reported drill intercepts included 15 meters at 11.4 g/t Au, including four meters at 41.2 g/t Au in hole BANT-RC-002, and three meters at 9.86 g/t Au, including one meter at 26.35 g/t Au in hole BANT-RC-036. The company also reported trenching results at target 7 that returned 80 meters at 1.6 g/t Au and 40 meters at 1.2 g/t Au.
At the Diguifara property, Sanu Gold completed a 4,900-meter auger drilling program during the first quarter of 2026, consisting of 432 auger holes across targets 5 and 6. The company stated that the work identified a two-kilometer corridor of gold-bearing saprolite anomalies defined at greater than 100 parts per billion gold. Reported auger intervals included eight meters at 2.23 g/t Au, eight meters at 1.74 g/t Au, and eight meters at 0.61 g/t Au.
The company also completed a 106-line-kilometer induced polarization survey across targets 5 and 6 at Diguifara. According to Sanu Gold, interpretation of the survey identified geophysical trends aligned with known geology, structures, termite mound anomalies, and auger geochemistry trends.
Martin Pawlitschek, president and chief executive officer of Sanu Gold, stated in the company news release: “Sanu Gold is pleased to be mobilizing AC/RC drill rigs to Daina and Bantabaye, where up to 5,000 m of target drilling will be completed on each project. At Bantabaye, targets 9 and 10, located along an eight-kilometer structural corridor at Bantabaye South, represent a potential extension beyond the initial drilling at Bantabaye North.”
Pawlitschek added: “Similarly, at Daina, the largely untested and newly defined extensions and parallel structures at Daina 1, Daina 2 Northeast, and Daina 3 could expand the currently defined mineralized trends. In addition, recent work at Diguifara has identified additional targets and highlights additional exploration opportunities across the portfolio. Sanu is well-positioned and fully funded to advance these targets at Daina, Bantabaye, and Diguifara.”
According to Stewart Thomson’s May 19 commentary, the gold sector was being viewed through a longer commodities cycle tied to supply, demand, debt, and inflation pressures. Thomson wrote that “this cycle is all about a major mismatch of demand and supply,” and stated that the long-term cycle was driven mainly by “outrageous global government debt” and rising wealth among billions of Asian and African citizens. He also wrote that “a daily focus on the big picture is critical for investors as inflation, a wildly overvalued stock market, debt ceiling horror, and empire transition dominate the investing landscape.”
In a May 19 note from Chen Lin of the What’s Chen Buying? What’s Chen Selling? newsletter, Lin described recent price action in precious metals as technically constructive. He wrote that silver “tested the support line and we had a bounce,” and said that a brief, sharp move in gold on the China SHFE was “basically taking out all the stop orders.” Lin added, “These are good signs of bottoming.”
According to a May 21 report from deVere Group, the outlook for gold prices remained “constructive” despite near-term headwinds. The report cited Ewa Manthey, commodities strategist at ING, who said the long-term structural supports for gold remained in place. The report stated that central bank demand for gold grew 17% in Q1, while the People’s Bank of China added eight tonnes of gold in April. It also noted that gold-backed ETF flows turned positive in April after March outflows.
The deVere Group report also cited independent analyst Ross Norman, who said, “The motivation for central banks to acquire gold is arguably stronger than ever, and events in the Middle East will only have amplified a sense of vulnerability to dollar assets. In short, gold looks positive but in a more measured way.” The report further stated that gold-backed ETFs added US$6.6 billion in April and increased holdings by 45 tonnes, which it said indicated renewed institutional exposure after the March sell-off.
Planned 2026 Drilling and Exploration Programs
Sanu Gold’s investor presentation outlined several key projects. At Daina, Sanu Gold stated that access track and drill pad preparations are underway for up to 5,000 meters of RC and AC drill testing across newly defined targets and extensions. The company said the drill program is intended to test extensions of auger geochemistry-defined targets across the project.
At Bantabaye North, Sanu Gold reported that a 3,000-meter auger sampling program is currently underway across undrilled portions of the four-kilometer Bantabaye thrust corridor. The company stated that the objective is to identify higher-grade segments of the structure for future RC and AC drill testing. Access preparations for the auger program began in early April, and the company stated that 3,000 meters of AC sampling is planned to follow in mid-2026.
At Bantabaye South, Sanu Gold stated that access preparation and line clearing activities are in progress to support both the planned AC/RC drill campaign and the extension of induced polarization survey grids. The company said a 5,000-meter AC and RC drilling program is scheduled to commence in late May as the initial phase of drill testing at targets 9 and 10, expected in mid-2026. [OWNERSHIP_CHART-10892]
At Diguifara, the company stated that interpretation of auger and IP survey results is continuing to evaluate the significance of newly defined mineralized trends. Sanu Gold said planning is underway for follow-up AC and RC drilling programs and that additional geochemical and geophysical programs are being considered to support future drill targeting across the project area.
The company’s January 2026 corporate presentation stated that Sanu Gold’s three projects in Guinea’s Siguiri Basin comprise a combined 28,000-hectare land package and that the company completed 17,801 meters of drilling in 2025, with RC drilling planned to commence in the first quarter of 2026.
Ownership and Share Structure1
Management and insiders own around 11% of Sanu Gold, with another 17% being held by institutions and high net worth individuals. Strategic entities hold 45.1%. The rest is held by retail investors.
The market cap for Sanu Gold is CA$120 million with 431.4 million ordinary shares outstanding. The 52-week range for the stock is CA$0.21 and CA$0.39.
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- James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
- This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.
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1. Ownership and Share Structure Information
The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.
( Companies Mentioned: SANU:CSE;SNGCF:OTCQB;L73:FRA, )
Source: https://www.streetwisereports.com/article/2026/05/22/10-000-meter-drill-push-targets-expanding-gold-corridors-in-guinea.html
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