Serengeti Resources Inc.
TSX VENTURE : SIR

Serengeti Resources Inc.

May 31, 2006 08:30 ET

Serengeti Outlines 2006 Summer Drilling Plans

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 31, 2006) - Serengeti Resources Inc. (TSX VENTURE:SIR) is pleased to provide an outline of planned exploration activities for the upcoming field season. Drilling programs are scheduled for two of the Company's Quesnel Trough properties and geophysical and geochemical surveys are planned on two other properties in the Trough. The Quesnel Trough is Canada's largest porphyry copper-gold belt and includes the Kemess mine (300,000 oz./yr. gold, 75 million lbs./yr. copper) and the Mt. Milligan development project (206 million tonne resource grading 0.247% copper, 0.6 g/t gold). Serengeti controls 12 separate properties totaling over 365 sq. km. along this belt. Field work is also planned on the Tide gold property located near Stewart, BC, where prior drilling has indicated the potential for a bulk tonnage-style gold target. Listed below are some highlights of the planned program.

Kwanika Property:

An integrated program of geophysical and geochemical surveying and a 2500 foot drilling program is planned for this road-accessible property located 85 km. north of Mt. Milligan. Induced polarization (IP) geophysics will be conducted over a number of highly attractive targets outlined in an airborne survey flown by the company in 2005. This will be followed by drilling that will initially test down-dip of a prior drill intersection that returned 0.32% copper over 86 metres. Sampling of a mineralized outcrop by Serengeti in 2005, from the vicinity of this prior hole yielded 1.07% copper, 0.4 g/t gold and 0.05% molybdenum in a grab sample. Another priority target for drilling is an area located about 1.5 km north of the previously drilled zone where a composite grab sample in 2005 returned 0.69% copper and 0.20 g/t gold in the vicinity of an attractive airborne geophysical target. A line cutting and sampling crew has been mobilized to the property, geophysical surveying is scheduled for mid June with drilling planned for mid July.

Tchentlo Property:

An initial drill program of 1000 feet in four holes is planned to test attractive geophysical targets on the Tchentlo property located 45 km. west of Mt Milligan. IP and magnetic geophysical surveying on the property in 2005 located three strong IP chargeability zones that potentially reflect porphyry copper-gold systems. These target areas are covered by an apparently thin veneer of overburden that masks the target zones yet has yielded anomalous copper and gold values in prior geochemical sampling. A small-diameter, highly portable and cost-effective drill will be used for this work and drilling is planned for late July or early August.

In addition to the above, the Company controls a number of other properties with copper-gold potential in the Quesnel Trough. Several of these already have drill targets defined by anomalous soil geochemical surveys and induced polarization geophysical surveys. These include the Croy-Bloom, Germansen, Valleau and Choo properties. Drilling is also warranted on the Davie Creek property, a molybdenum prospect on which prior drilling showed encouraging mineralization including 0.073% molybdenum over a core length of 203 metres, to test the target zone which has only been drilled over about 650 metres of an indicated anomaly length of 3000 metres. Other claim blocks are in various stages of exploration and management is encouraged by their potential. Exploration funds may be directed to some of these other targets through the course of the upcoming season.

Tide Project:

Serengeti also intends to fund a detailed sampling and geological mapping program that has been proposed by its partner Rimfire Minerals Corp., for the Tide property located near Stewart, BC. This work will focus on the Crest (or 36) Zone, where drilling in 2004 and 2005 intersected broad zones of gold mineralization, including 129 m of 1 g/t gold in DDH-04-3. To date only a small part of the large (2.1 km by 0.5 km) greater than 0.5 g/t gold anomaly has been tested. The planned program should define the controls on the better grade gold mineralization within this bulk-tonnage style target that shares a number of similarities with other such targets in BC.

David Moore, President of Serengeti, stated: "We are excited by the prospect of drilling several of our better copper-gold properties in the Quesnel Trough, this summer. We're testing big targets and any one of these has the potential for the discovery of a large porphyry system. We also continue to believe that Tide has potential to host a large scale bulk tonnage gold system and this next stage of work should help guide future drilling decisions here."

Serengeti is a mineral exploration company managed by an experienced team of professionals with a solid track record of exploration success. The Company is focused on the discovery and development of copper-gold molybdenum deposits in British Columbia, especially in the highly prospective Quesnel Trough. Additional information can be found on Serengeti's website at www.serengetiresources.com.

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101, and reviewed by the Company's qualified person, David W. Moore, P. Geo., President and CEO of Serengeti Resources Inc.


The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.

Contact Information