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Sarama Resources Confirms High-Grade Oblique Mineralisation at the South Houndé Project in Burkina Faso
VANCOUVER, BC--(Marketwired - May 16, 2016) - Sarama Resources Ltd. ("Sarama" or the "Company") (TSX VENTURE: SWA) is pleased to announce positive results from
About this update from Sarama Resources Ltd.
[{"type":"text","content":"VANCOUVER, BC--(Marketwired - May 16, 2016) - Sarama Resources Ltd. (\"Sarama\" or the \"Company\") (TSX VENTURE: SWA) is pleased to announce positive results from the first phase of its 2016 aircore (\"AC\"), reverse-circulation (\"RC\") and diamond drilling campaign at the South Houndé Project (the \"Project\") in south-western Burkina Faso. The work forms part of an ongoing, multi-faceted exploration program which includes drilling, geological studies and geochemical and geophysical surveys. Highlights Infill drilling confirms wide, high-grade oxide mineralisation with an oblique strike at the MC Prospect New high-grade, oblique mineralisation identified at the Phantom East Prospect. Additional oblique mineralisation identified at the MC Prospect, linking known mineralised horizons and potentially giving an insight into the structural architecture of the mineralised system. Infill and extensional drilling confirms mineral resource estimate and provides extension along strike of selected lodes at the Kenobi and MC Prospects. Extensional drilling down-dip at the MM, Obi and Kenobi Prospects indicates lithological continuity and provides further target areas. Highlighted downhole intersections include: FRC984 15m @ 7.44 g/t Au from 47m - MC Prospect (infill oblique mineralisation) FRC982 14m @ 4.12 g/t Au from 41m - MC Prospect (infill oblique mineralisation) FRC983 6m @ 3.91 g/t Au from 85m - MC Prospect (infill oblique mineralisation) AC2431** 10m @ 7.15 g/t Au from 4m, 6m @ 3.14 g/t Au from 26m and 12m @ 2.83 g/t Au from 38m - Phantom East Prospect (new oblique mineralisation) AC2434 8m @ 4.45 g/t Au from 20m - Phantom East Prospect (new oblique mineralisation) AC2496 12m @ 5.78 g/t Au from 12m - Phantom East Prospect (new oblique mineralisation) AC2497 8m @ 2.58 g/t Au from 22m - Phantom East Prospect (new oblique mineralisation) ** denotes hole drilled at shallow angle (<~50°) to mineralisation – true width expected to be approximately 25% of downhole length Drilling will continue to test for strike and depth extensions to thick, high-grade mineralisation at the MC Prospect. Approximately 3,500m of diamond drilling, 1,700m of RC drilling, and 5,000m of AC drilling is planned for the Q2 2016 exploration program. USD$3.5M (CAD$4.7M) exploration program is budgeted for 2016 including geochemical and geophysical s...