For thousands of other reports visit RSC's Mineral Intellingence Map
Sarama Resources Ltd.
Summary
| Project: | South Hounde | |
|---|---|---|
| Deposit: | MC | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 8/16/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-8-2017: Sarama Resources Ltd. announces an Exploration/Drilling Update report for its MC deposit at the South Hounde project. Drilling results incl. 10.4m @ 3.96g/t Au from 414.8m. VANCOUVER, CANADA. Sarama Resources Ltd. (“Sarama” or the “Company”) (T | |
| Resources: | (Resource, Inf.): 43.0Mt @ 1.5g/t Au for 2.1Moz Au contained at project | |
| CP/QP: | [Overall Report]: Guy Scherrer (Internal) | |
| ABSTRACT: | VANCOUVER, CANADA. Sarama Resources Ltd. (“Sarama” or the “Company”) (TSX-V:SWA) announces that gold mineralisation at the MC Deposit has been extended at depth and along strike in a deep diamond drilling program at the South Houndé Project (the “Project”) in south-western Burkina Faso. The results are final for a H1 2017 program that was designed to test depth and strike extensions to high-grade shoots within the mineral resource and form part of an ongoing, multi-faceted exploration program aimed at increasing the Project’s 2.1Moz gold1 inferred mineral resource to support open pit mine development and investigate the potential for underground mining. The reported results are final for a deep drilling program conducted in H1 2017 that targeted depth and strike extensions of discrete, high-grade shoots within the known mineral resources of the MC and MM Deposits and which was commissioned to examine the potential for underground mining at the South Houndé Project (refer Figures 1, 2 & 3). Full results are contained in Appendix A. Six combination RC/diamond drill holes were recently drilled for a total 2,900m (900m RC and 2,000m diamond), continuing the previously reported program of 11 holes for 5,800m (refer news release June 19, 2017). In the central area of the MM Deposit, a single drillhole, 440m in length, served as a close-out hole on the northern boundary of the high-grade shoot that was the focus of previously reported program (refer news release June 19, 2017) and which resulted in the extension of mineralisation by a distance down-dip of approximately 200m. The recentlyreturned hole demonstrated lithological continuity and the discrete nature of the grade shoots and will assist in finetuning the geological interpretation and grade domaining. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report