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Sarama Resources Continues to Consolidate its Position at the South Houndé Project in Burkina Faso
TSX-V Ticker: SWA SWA.WT VANCOUVER, May 15, 2013 /CNW/ - Sarama Resources Limited (...
About this update from Sarama Resources Ltd.
[{"type":"text","content":"\n\n\n\n\n\nTSX-V Ticker: SWASWA.WT\n\n\nVANCOUVER, May 15, 2013 /CNW/ - Sarama Resources Limited (\"Sarama\" or the \"Company\") is pleased to report that it has been granted three new exploration\n permits in Burkina Faso, including one adjacent to the Company's\n flagship South Houndé Project, which brings the Company's exploration\n landholding in this prospective region to 1,014km².\n\n\nHighlights\n\n\nThree new exploration permits totalling 240km² granted, expanding\n Sarama's total exploration land package in Burkina Faso to 3,339km².\n\nThe grant of a 127km² exploration permit adjacent to Sarama's Tankoro\n exploration property, provides Sarama a commanding presence in the\n geologically prospective Houndé Belt, with a total landholding of\n 1,014km².\n\nThe grant of the Youngou Est and Nianie exploration permits complements\n Sarama's existing Youngou exploration property, which borders the Youga\n mine of Endeavour Mining Corp in the central south of Burkina Faso,\n bringing the Company's total landholding in the project area to 363km².\n\nReconnaissance exploration programs to commence in second half of 2013.\n\n\nGrant of Bini Exploration Permit\n\n\nSarama has been granted new exploration permits for the Bini, Youngou\n Est and Nianie properties by the Ministry of Mines and Energy, bringing\n the Company's total exploration property interests in Burkina Faso to\n 3,339km² (refer Figure 1).\n\n\nThe 127km² Bini exploration property (\"Bini\") further consolidates Sarama's position in the highly prospective\n Houndé Belt, which hosts the 7.8Moz, 170koz per annum Mana gold mine of\n Semafo Inc and the 2.2Moz Houndé gold project of Endeavour Mining\n Corp.  Bini is located centrally within the belt and is adjacent to\n Sarama's Tankoro exploration property where the Company has intersected\n significant gold mineralisation over a 1.9km strike length at the MM\n Prospect (refer Figure 2).\n\n\nThe property is underlain by a sequence of meta-sedimentary and volcanic\n rocks and is interpreted to contain north-north-east trending\n structures, which are thought to be one of the controls on the\n mineralisation encountered at the Company's MM Prospect.  Sarama\n anticipates commencing first-pass reconnaissance exploration activities\n on the property in ...