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Sarama Resources Ltd.
Summary
| Project: | Karankasso | |
|---|---|---|
| Deposit: | Karankasso | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 2/26/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-2-2020: Sarama Resources Ltd. announces a Resource Estimation report for its Karankasso deposit at the Karankasso project. Updated Mineral Resource Estimate for Karankasso. VANCOUVER, CANADA. Sarama Resources Ltd. (“Sarama” or the “Company”) (TSX-V:SWA | |
| Resources: | (Resources, Inf.): 12.74Mt @ 1.73g/t Au (709koz Au) | |
| CP/QP: | [Overall Report]: Guy Scherrer (Internal) | |
| ABSTRACT: | VANCOUVER, CANADA. Sarama Resources Ltd. (“Sarama” or the “Company”) (TSX-V:SWA) advises that an updated mineral resource estimate has been compiled on the Karankasso Project (the “Project”), located in south-west Burkina Faso (refer Figure 1). The Project is a joint venture between Sarama and Semafo Inc (“Semafo”), with the parties holding approximate interests of 20% and 80% respectively. The updated mineral resource estimate of 12.74Mt @ 1.73g/t for 709koz Au(4) (reported using a US$1,500/oz gold price assumption) was fully compiled by, or under the supervision of, Semafo in its capacity as operator of the joint venture. The previous mineral resource estimate of 12.3Mt @ 2.03g/t Au for 805koz Au(3) was compiled by Savary Gold Corp (“Savary”) and published in November 2017 (reported using a US$1,250/oz gold price assumption). Savary was acquired by Semafo in April 2019 and was the operator of the joint venture and fully compiled, or supervised, the compilation of the November 2017 mineral resource estimate. In the interests of clarity, Sarama notes that in conjunction with the updated mineral resource estimate for the Karankasso Project, Semafo also reported(7) an update of the mineral resource estimate on its adjacent, 100%-owned Bantou Property of 38.37Mt @ 1.24g/t Au for 1.535Moz Au. | |
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