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Sarama Resources Commences Oxide-Focussed Drilling at the South Houndé Project, South-West Burkina Faso
VANCOUVER, BC / ACCESSWIRE / June 12, 2019 / Sarama Resources Ltd. (" Sarama " or the " Comp...
About this update from Sarama Resources Ltd.
[{"type":"text","content":"Sarama Resources Commences Oxide-Focussed Drilling at the South Houndé Project, South-West Burkina FasoVANCOUVER, BC / ACCESSWIRE / June 12, 2019 / Sarama Resources Ltd. (\"Sarama\" or the \"Company\") (TSX-V: SWA) is pleased to announce that following the recent agreement to terminate the Company's earn-in agreement(7) with Acacia Mining plc (\"Acacia\") in respect of the South Houndé Project (the \"Project\"), the Company has re-started exploration activities with a focus on oxide drill targets.This program marks the recommencement of active exploration and development activities on the Project following a hiatus of approximately 1½ years and also marks the resumption of works managed and controlled by Sarama on the Project, in which the Company is set to regain a 100% interest(7).Sarama's exploration program has been designed to increase the Project's oxide and free-milling mineral resource base that currently totals approximately 600koz Au (oxide and transition components) out of a total 2.1Moz Au mineral resource(1). The program consists of approximately 7,000m of air-core drilling targeting oxide mineralisation in the southern part of the Project along strike from the current mineral resource.Sarama's objective is to grow the mineral resource base at the South Houndé and ThreeBee Projects (refer Figure 1) to support the advancement of a low capital intensity, high return development project, exploiting the oxide and free-milling components of the mineral resources at both projects.Drilling will primarily focus on the southern portion of the main mineralised corridor at the Obi, Kenobi and Djimbake Prospects (refer Figure 2) where historical reconnaissance drilling returned promising intersections in oxide material, which are yet to be followed-up. These previously unreported intersections include(6): 8m @ 4.25g/t Au from 34m in AC3628 (Obi Prospect) 6m @ 4.49g/t Au from 36m in AC3665 (Obi Prospect) 12m @ 1.80g/t Au from 10m in AC3627 (Obi Prospect) 10m @ 1.73g/t Au from 20m in AC3657 (Kenobi Prospect) 10m @ 1.46g/t Au from 28m in AC2665 (Djimbake Prospect)In addition, reconnaissance drilling will be undertaken at the new Ben Prospect, located approximately 500m to the west of the Project's main MM Deposit (refer Figure 2). This prospect is a new early-stage target that has been generated by geophysical ...