Serengeti Resources Inc.
TSX VENTURE : SIR

Serengeti Resources Inc.

May 07, 2008 08:30 ET

Serengeti Reports on Positive Mineralogical Study at Kwanika

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 7, 2008) - Serengeti Resources Inc. (TSX VENTURE:SIR) is pleased to report the results from a recently completed mineralogical study that has a number of positive implications for eventual metallurgical recoveries of copper and gold from the Company's 100% owned Kwanika property located in the Quesnel Trough, British Columbia.

Thirty-seven samples representative of typical mineralized material from 10 individual drill holes were examined in this study. Important conclusions, a number of which have positive metallurgical implications are as follows:

1. Chalcopyrite is the primary copper sulfide, making up less than 1% to 7% of the sample, and typically occurs as disseminated grains with an average size of 50 to 100 microns. Pyrite, which has an average grain size of 100 to 200 microns, occurs in similar or lesser amounts. Chalcopyrite is seldom in contact and even more rarely locked with pyrite; this should make for good separation of a copper concentrate at a typical grind size.

2. Bornite and chalcocite occur in lesser amounts, being present in 16 of 37 and 8 of 37 samples respectively. Bornite (63% Cu) is usually intimately associated with chalcopyrite (35% Cu) and appears to have been altered from it. Chalcocite (80% Cu) is often associated with bornite. Recovery of bornite and chalcocite together with chalcopyrite in a concentrator is a standard process and is expected to lead to good grade copper concentrates at high recoveries.

3. Native copper is present in minor amounts, being observed in 3 of 37 samples. It occurs as fine disseminations and thin veinlets and typically lies in the upper part of the mineralized zone followed by chalcocite, bornite and chalcopyrite with increasing depth. Native copper can be floated with the assistance of sulfidizing agents and with the use of powerful collectors.

4. A cluster of gold grains (with 13% silver) as an inclusion in bornite was noted in one of the samples from the current study. This substantiates the observation that higher gold grades often occur at Kwanika when bornite is present. If this is typical, then gold should be readily recovered to a copper concentrate.

5. The presence of abundant carbonate (typically 5-20%) was noted in most of the samples; this is a favorable environmental factor, since carbonate would neutralize acid generated by oxidation of pyrite in tailings.

"These preliminary observations are encouraging and suggest that excellent copper and gold recoveries should be achievable at Kwanika. Deposits with mixtures of copper minerals such as observed here often produce copper concentrate grades in excess of 40% Cu, for instance at Highland Valley, BC and Chuquicamata, Chile," stated David Moore President and CEO. "We will use these results to help design an initial flotation test work program," elaborated Moore.

The current mineralogical study was carried out by P.C. LeCouteur, Ph.D., P. Eng., of Micron Geological Ltd., and comments on the metallurgical implications of this work were provided by Kevin Scott, P. Eng., of Scott Wilson Roscoe Postle Associates. 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 persons, Myron Osatenko, P. Geo., Chief Geologist and David W. Moore, P. Geo., President and CEO of Serengeti Resources Inc.

About Serengeti

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 advancement of its Kwanika copper-gold project and on the discovery of copper-gold and molybdenum deposits on its extensive portfolio of properties in the highly prospective Quesnel Trough of British Columbia. Additional information on Serengeti's projects can be found on the Company's website at www.serengetiresources.com or the Kwanika project at www.corebox.com.

Cautionary Statement

This document contains "forward-looking statements" within the meaning of applicable Canadian securities regulations. All statements other than statements of historical fact here-in, including, without limitation, statements regarding exploration results and plans and other future plans and objectives, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and future events and actual results could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from our expectations are disclosed in the Company's documents filed from time to time via SEDAR with the Canadian regulatory agencies to whose policies we are bound.

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

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