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Sarama Resources Ltd.
Summary
| Project: | South Hounde | |
|---|---|---|
| Deposit: | Obi, Kenobi, Djimbake | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 8/21/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-8-2019: Sarama Resources Ltd. announces an Exploration/Drilling Update report for its Obi, Kenobi, Djimbake deposit at the South Hounde project. Drilling results incl. 8m @ 4.72g/t Au from 34m. VANCOUVER, CANADA. Sarama Resources Ltd. (“Sarama” or the | |
| 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) is pleased to announce that recent oxide-focussed drilling at the South Houndé Project (the “Project”) in south-western Burkina Faso has extended the strike length of drill-defined mineralisation by 2km to over 12km. This represents an approximate 20% increase to the strike length of the mineral resource and continues to illustrate the scale of the mineralised system at the Project (refer Figures 1 & 2). Higher-grade drill intersections, including 5m @ 7.26g/t Au and 8m @ 4.72g/t Au, were intersected in oxide as were broader zones including 17m @ 1.59g/t Au and 29m @ 1.05g/t Au. Numerous other intersections present new targets for future growth-orientated exploration. The drilling is expected to increase the oxide and free-milling components of the mineral resource base that currently totals approximately 600koz Au (oxide and transition components) out of a total 2.1Moz Au mineral resource(1). Sarama’s objective is to advance its southern Houndé Belt projects (refer Figure 1) toward a low capital intensity, highreturn development, initially exploiting the oxide and free-milling material as part of a multi-stage project. | |
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