Sanu Gold Corp.

British Columbia


The Issuer is a junior mining, exploration and development company that has an interest in three gold exploration projects in Guinea, West Africa that it holds through its subsidiary Gainde Gold SUARL (“Gainde”). Guinea is generally a desirable location to conduct gold mining operations. In recent years, Guinea has experienced increased interest by junior explorers, increased infrastructure investments, progressive political shifts, and a new mining code (2013) that emphasizes governance issues, such as transparency, anti-corruption, and environmental protection.

The Issuer’s three projects (Bantabaye, Diguifara and Daina) total over 258 km2 and have multiple target areas between 2km and 10 km in strike. Extensive gold anomalies have been defined, including systematic termite mound geochemistry with over 16,000 termite mound and rock samples collected. Artisanal mining is common throughout the area.  Serigne Dieng, PhD., MSc., MAusIMM, Exploration Manager of Gainde is the qualified person as defined by National Instrument 43-101 who has reviewed and approved of the technical information in this Offering Document.  Dr. Dieng has over 20 years experience in international exploration, especially in West Africa, and also experience in Canada. Previously he was Principal Geologist and Head of the Resource Development Department at IAMGOLD Corp. at the Essakane Mine in Burkina Faso.

The Issuer has over 26,000 m of drilling planned for the first half of 2022. Funds previously raised in connection with special warrants and subscription receipts, as well as under this crowdfunding ­Offering Document will be used the by Issuer to fund its mining, exploration and development operations at its three projects. The Issuer will be focusing on the Bantabaye project – for exploration and to meet contractual commitments in respect of the project. The funds will also be used to pay for administrative, legal, marketing, and other related business costs and expenses incurred by the Issuer.  The proposed exploration on the Bantabaye project is described below under Item 6 - Use of Funds.  The Issuer also plans to conduct exploration expenditures on the Diguifara and Daina projects and pay required property maintenance expenditures.

Crowdfunded Activities

Here's how Sanu Gold Corp. is planning on using the funds raised from this crowdfunding:

  Minimum Raise Maximum Raise
As the Issuer raised funds through the December 8, 2021 issuance of subscription receipts and special warrants, the Issuer has disclosed its total available proceeds for its proposed Use of Funds, including the funds raised under this Offering Document, based on its available funds as of the date of this Offering Document.
Bantabaye project – exploration, analysis of results, property maintenance $1,700,000 $1,700,000
Diguifara project – exploration, analysis of results, property maintenance $1,200,000 $1,200,000
Daina project – exploration, analysis of results, property maintenance $1,200,000 $1,200,000
Portal Fees(3) $12,595 $51,700
General and administrative expenses – Guinea(4) $400,000 $400,000
General and administrative expenses – Canada(5) $742,000 $742,000
SUBTOTAL $5,254,595 $5,293,700
Unallocated working capital $1,308,405 $1,764,300
TOTAL $6,563,000 $7,058,000
Notes: (1) The minimum offering amount raised in connection with this Offering Document only is $5,000 to which the Issuer’s available funds have been added. (2)The maximum offering amount raised in connection with this Offering Document only is $500,000. (3) Portal fees were calculated pursuant to item 8 below, but exclude the $0.30 Processing Fee per purchaser, as this amount is not known at this time as it will vary based on the number of purchasers. (4) Estimated general and administrative expenses in Guinea include: corporate set up, management fees, vehicle, legal, audit and accounting and travel and accommodation. (5) Estimated general and administrative expenses in Canada include: management fees, accounting and administration costs, rent, marketing and investor relations, insurance (D&O, CGL), audit, legal, listing expenses and miscellaneous.
The following table sets out the estimated year-one costs in respect of the continued exploration of the Bantabaye Project. The continued exploration of the Bantabaye project is a primary objective of the Issuer. Activity Year 1 Cost (CDN $)(1)
Camp Set up $100,000
Access $40,000
Auger Drilling (10,000 m) $240,000
RC Drilling (5,000 m) $290,000
Diamond Drilling (1,000 m) $130,000
Analysis and QA/QC $310,000
Field personnel, equipment and consumables $300,000
Food and housing $190,000
Resources Mining Management and admin $190,000
Contingency $10,000
Total $1,700,000
$63,030 raised

0 Investors Needed


Offering up to 1,515,151 Securities convertible into common shares (Special Warrants) at $ 0.33

Minimum Investment: $165

Funding Closed

103 Investors (Seeking 100)

This project will only be financed if at least $5,000 is raised by Jan 05, 2022

Note: All funds are expressed in Canadian dollars.