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Sarama Resources Announces Filing of NI 43-101 Technical Report for Mineral Resource Update at the South Hounde Project, Burkina Faso
VANCOUVER, BC--(Marketwired - March 31, 2016) - Sarama Resources Ltd ("Sarama" or the "Company") (TSX VENTURE: SWA) has filed on SEDAR a National Instrument 43-
About this update from Sarama Resources Ltd.
[{"type":"text","content":" VANCOUVER, BC--(Marketwired - March 31, 2016) - Sarama Resources Ltd (\"Sarama\" or the \"Company\") (TSX VENTURE: SWA) has filed on SEDAR a National Instrument 43-101 technical report in support of the Company's February 8, 2016 news release which announced an increase in the Company's resource estimate for the South Houndé Project (\"Resource Estimate\") in south-west Burkina Faso.Cube Consulting Pty Ltd, Orway Mineral Consultants Pty Ltd and Kappes, Cassiday & Associates Australia Pty Ltd prepared the technical report titled \"NI 43-101 Independent Technical Report, South Houndé Project, Bougouriba and Ioba Provinces, Burkina Faso\", dated March 29, 2016. The technical report is available under the Company's profile on SEDAR at www.sedar.com. There are no material differences in the technical information contained in the technical report compared to the disclosure in the February 8, 2016 news release. The new Resource Estimate is 43Mt @ 1.5g/t Au for 2.1Moz of contained gold (in the inferred mineral resource category), including 13.5Mt @ 1.2g/t Au of oxide material for 0.5Moz contained gold (in the inferred mineral resource category) (see Table 1). The Resource Estimate also includes 12.1 Mt @ 2.7 g/t Au7 for 1.1 Moz of contained gold (in the inferred mineral resource category), reflecting higher grade shoots within the mineralised system. Table 1 - Inferred Mineral Resource 1,2 Depth Below Surface 3,4 Material Type 5 Reporting Cut-off Grade 6 Tonnage Above Cut-off Grade Average Grade Above Cut-off Grade Contained Gold Above Cut-off Grade Metal Contribution g/t Au Mt g/t Au koz Au 0-200m Oxide 0.3 13.5 1.2 498 24% Transition 0.8 2.5 1.4 113 5% Fresh 0.8 25.0 1.5 1,237 59% Sub-total 41.0 1.4 1,849 88% &n...