For thousands of other reports visit RSC's Mineral Intellingence Map
Sarama Resources Ltd.
Summary
| Project: | South Hounde | |
|---|---|---|
| Deposit: | MC, MM | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 6/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-6-2017: Sarama Resources Ltd. announces an Exploration/Drilling Update report for its MC, MM deposit at the South Hounde project. Drilling results incl. 6m @ 12.15g/t Au from 231.0m. VANCOUVER, CANADA. Sarama Resources Ltd. (“Sarama” or the “Company”) | |
| 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 high-grade gold mineralisation has been intersected in an ongoing extensional diamond drilling program at the South Houndé Project (the “Project”) in south-western Burkina Faso. The program was designed to test depth and strike extensions to high-grade shoots within known mineral resources and forms 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. A 3-hole program, consisting of 300m RC (pre-collars) and 1,000m diamond drilling was undertaken to test for strike and depth extensions of the mineral resource, proximal to high-grade mineralisation hosted in several different lode orientations. Of principal interest was a high-grade oblique lode represented by the intersection of mineralised, northnorth-east (“NNE”) trending porphyry dykes and associated bounding sedimentary rocks, with a mineralised, north-east trending zone of cross faulting. The drilling encountered several discrete mineralised lodes, assembled in a package of parallel lodes which is consistent with existing interpretations. Mineralisation was observed to be hosted in both porphyry dykes and in zones of altered sediments which are likely associated with NNE-trending structural features and generally featured high sulphide content, auguring well for elevated gold grades. | |
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