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Sarama Resources Announces Updated Mineral Resource Estimate for the Karankasso Joint Venture Project, South-West Burkina Faso
VANCOUVER, BC / ACCESSWIRE / February 26, 2020 / Sarama Resources Ltd. (" Sarama " or the " ...
About this update from Sarama Resources Ltd.
[{"type":"text","content":"Sarama Resources Announces Updated Mineral Resource Estimate for the Karankasso Joint Venture Project, South-West Burkina FasoVANCOUVER, BC / ACCESSWIRE / February 26, 2020 / Sarama Resources Ltd. (\"Sarama\" or the \"Company\") (TSX-V:SWA) advises that an updated mineral resource estimate has been compiled on the Karankasso Project (the \"Project\"), located in south-west Burkina Faso (refer Figure 1). The Project is a joint venture between Sarama and Semafo Inc (\"Semafo\"), with the parties holding approximate interests of 20% and 80% respectively.The updated mineral resource estimate of 12.74Mt @ 1.73g/t for 709koz Au(4) (reported using a US$1,500/oz gold price assumption) was fully compiled by, or under the supervision of, Semafo in its capacity as operator of the joint venture. The previous mineral resource estimate of 12.3Mt @ 2.03g/t Au for 805koz Au(3) was compiled by Savary Gold Corp (\"Savary\") and published in November 2017 (reported using a US$1,250/oz gold price assumption). Savary was acquired by Semafo in April 2019 and was the operator of the joint venture and fully compiled, or supervised, the compilation of the November 2017 mineral resource estimate.In the interests of clarity, Sarama notes that in conjunction with the updated mineral resource estimate for the Karankasso Project, Semafo also reported(7) an update of the mineral resource estimate on its adjacent, 100%-owned Bantou Property of 38.37Mt @ 1.24g/t Au for 1.535Moz Au.In conjunction with the updates to the mineral resource estimates, Semafo reported(7) selected recent exploration results from satellite prospects within the joint venture project area, including 21m @ 14.63g/t Au from 63m (KARC19-0127) at the Tiébi Zone, situated at the northern extremities of the Karankasso Project. Sarama notes Semafo's commentary on the 2020 exploration program which indicates that the Tiébi Zone will be a key focus for the Project exploration.Sarama's President and CEO, Andrew Dinning, commented:\"Sarama is pleased that the Karankasso Project's mineral resource estimate has been reviewed and revised. The recent high-grade drill results at the Tiébi Zone and other areas within the joint venture between Sarama and Semafo are encouraging and we look forward to further exploration success. The higher grades being realised should result in feed from the...