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Sarama Resources Ltd.
Summary
| Project: | ThreeBee | |
|---|---|---|
| Deposit: | Bondi | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 9/12/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-9-2017: Sarama Resources Ltd. announces an Exploration/Drilling Update report for its Bondi deposit at the ThreeBee project. Drilling results incl. 27m @ 1.07g/t Au from 0m. VANCOUVER, CANADA. Sarama Resources Ltd. (“Sarama” or the “Company”) (TSX-V:SW | |
| Resources: | (historic estimate only) | |
| CP/QP: | [Overall Report]: Guy Scherrer (Internal) | |
| ABSTRACT: | VANCOUVER, CANADA. Sarama Resources Ltd. (“Sarama” or the “Company”) (TSX-V:SWA) announces that reconnaissance aircore drilling has intersected shallow, oxide gold mineralisation over broad intervals approximately 4km north-east of its 100%-owned Bondi Deposit in south-western Burkina Faso. The Bondi Deposit is of high strategic value, making it the key component of the Company’s 100%-owned(4) ThreeBee Project (the “Project”). The drill results demonstrate the potential to add mineral resources to the Project, building on the existing historical estimate of mineral resources for the Bondi Deposit. The results underscore the value of the property in the development of the southern Houndé Belt with new gold discoveries potentially being highly accretive to various development scenarios being contemplated. Sarama’s President and CEO, Andrew Dinning, commented: “We are extremely pleased that the first drill program on the property following its recent acquisition by Sarama has delivered immediate results. The intersection of broad oxide mineralisation in areas away from the Bondi Deposit provides substantial encouragement that further exploration will add to the historical estimate mineral resources of the deposit and we look forward to conducting more extensive follow-up programs next exploration season. We are pleased to own 100% of the property, particularly given that the Bondi Deposit has the potential to deliver high margin ounces and our first drill program has demonstrated that exploration opportunity remains.” | |
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