Business
Sarama Defines 11km-Long Gold-in-Soil Anomaly at its Gbarpolu Property in Liberia & Increases its Interest in Pedsam Properties to 65%
TSX-V Ticker:  SWA SWA.WT VANCOUVER, Jan. 31, 2013 /CNW/ - Sarama Resources L...
About this update from Sarama Resources Ltd.
[{"type":"text","content":"\n\n\n\n\n\nTSX-V Ticker:  SWA SWA.WT\n\n\nVANCOUVER, Jan. 31, 2013 /CNW/ - Sarama Resources Ltd. (\"Sarama\" or the \"Company\") is pleased to report that a 11km-long gold-in-soil anomaly has been\n defined by geochemical surveys at the Company's Gbarpolu exploration\n property in western Liberia.  Sarama has also increased its interest in\n the Pedsam Mining Limited (\"PedSam\") properties in Liberia to 65% after achieving the required earn-in\n milestones.\n\n\nHighlights\n\n\nAn 11km-long gold-in-soil anomaly has been defined by a geochemical\n survey on the southern portion of the Company's Gbarpolu exploration\n property.\n\nThe anomalous zone is coincident with a major geological feature\n identified by a detailed airborne geophysical survey in an area that\n hosts artisanal gold mining activity.\n\nA second parallel trend, extending approximately 3.5km along strike, has\n also been identified.\n\nSarama increases its interest in the Cape Mount, Gbarpolu and Grand\n Bassa exploration properties to 65% after achieving earn-in milestones.\n\n\nSarama has received assay results for a soil geochemical survey it\n undertook on its 400km² Gbarpolu exploration property in 2012.  A\n principal sample grid spacing of 400m (east-west) x 50m (north-south)\n was used for the surveys with several areas being sampled at a higher\n density (200m x 50m spacing) after being identified as high priority\n targets from earlier work conducted by Sarama.\n\n\nThe survey identified an 11km-long gold-in-soil anomaly in the southern\n portion of the property, adjacent to active artisanal gold mining sites\n and co-incident with several geologically prospective features\n identified by an airborne geophysical survey conducted by the Company\n in 2012 (refer Figure 1).  Of note is a parallel, co-incident\n geochemical and geophysical trend, extending approximately 3.5km along\n strike, within the main zone.\n\n\nThe anomalous zones are broadly defined by the 95th percentile of returned assays (Au>20ppb).  Within the main zone,\n several areas up to approximately 1.5km in length are defined by\n gold-in-soil values of Au>37ppb.  A peak value of 1,100ppb Au (1.10 g/t\n Au) was recorded by the survey.\n\n\nSarama has commenced trenching over selected areas within the identified\n trends with a view to defining ...