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Sarama Resources Completes Oxide Focused Drill Program at the South Houndé Project, South-West Burkina Faso
VANCOUVER, BC / ACCESSWIRE / August 6, 2019 / Sarama Resources Ltd. (“ Sarama  ...
About this update from Sarama Resources Ltd.
[{"type":"text","content":"Sarama Resources Completes Oxide Focused Drill Program at the South Houndé Project, South-West Burkina FasoVANCOUVER, BC / ACCESSWIRE / August 6, 2019 / Sarama Resources Ltd. (“Sarama” or the “Company”) (TSX-V:SWA) is pleased to announce that it has successfully completed an oxide focused drill program at the Company’s(5) South Houndé Project (the “Project”) and expects to add to the oxide component of the Project’s current 2.1Moz Au mineral resource(1).This program marks the resumption of management and control of the Project by Sarama(5) and the recommencement of active exploration and development activities on the Project following a hiatus of approximately 1½ years.The exploration program was designed to increase the Project’s oxide and free-milling mineral resource base that currently totals approximately 600koz Au(1) (oxide and transition components). The drill program totalled 7,900m of air-core drilling in 140 holes and targeted oxide mineralisation in the south of the Project and along strike from the current mineral resource.Drilling was primarily focused on the southern portion of the main mineralised corridor at the Obi, Kenobi, Djimbake and Ben Prospects where historical reconnaissance drilling returned encouraging oxide-gold intersections (refer to Sarama news release of June 12, 2019). A minor amount of infill and validation drilling was also undertaken at the MC and MM Prospects in order to confirm the geometry of the mineralised lodes at these prospect areas.Results will be released as they become available in the coming weeks and the Company looks forward to conducting more exploration work in these new target areas.Sarama’s objective is to grow the combined oxide mineral resource base at the South Houndé and ThreeBee Projects (refer Figure 1) to a level that will support the development of a staged, low capital and rapid pay-back project which initially exploits the oxide and then free-milling components of the mineral resources at both projects.Sarama’s President and CEO, Andrew Dinning, commented:“We remain optimistic that the drilling in the southern part of the mineralised corridor will yield additions to the existing 600koz(1) Au oxide and transitional component of the Project’s mineral res...