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Sarama Resources Declares Maiden Inferred Mineral Resource of 1.5 Million Ounces Gold at the South Houndé Project
VANCOUVER , Sept. 16, 2013 /CNW/ - Sarama Resources Ltd. (" Sarama " or the " Company ") i...
About this update from Sarama Resources Ltd.
[{"type":"text","content":"\n\n\nVANCOUVER, Sept. 16, 2013 /CNW/ - Sarama Resources Ltd. (\"Sarama\" or the \"Company\") is pleased to declare a maiden Inferred Mineral Resource1 estimate of 1.50 Moz of contained gold2 at its flagship South Houndé Project in south-west Burkina Faso. The\n Mineral Resource represents a greenfields discovery, crystallising two\n years of exploration and demonstrating the potential of the Tankoro\n Structural Corridor to host mineralisation of significance.\n\n\nHighlights\n\n\n\n1.50 Moz gold contained in Inferred Mineral Resource - 29.13 Mt @ 1.6\n g/t Au (at a 0.8 g/t Au cut-off)\n\n\n\n\nInferred Mineral Resource estimate includes 1.09 Moz @ 2.1 g/t Au3\n\n\n\n\nOxide component of the Inferred Mineral Resource contains 267 koz of\n gold4\n\n\n\n\nMineral Resources extend approximately 5.5km along strike in a trend\n that spans 1.1km across\n\n\n\n\nHigh-grade zones in the MM Prospect extend to a vertical depth of 285m\n and represent promising exploration targets for underground mining\n\n\n\n\nPreliminary metallurgical testwork demonstrates viable processing routes\n for mineralisation with resulting extractions of 93% for oxide using a\n conventional cyanidation process and 90% for fresh rock using an\n oxidation stage prior to cyanidation\n\n\n\n\nExploration activities to continue, with immediate focus on high-grade\n extensional targets at the MC Prospect\n\n\n\n\n\nDefined under Canadian National Instrument 43-101 (\"NI 43-101\"), Standards of Disclosure for Mineral Projects\n\n\nReported above 0.8 g/t Au for all material types\n\n\n16.36 Mt @ 2.1 g/t Au for 1.09 Moz reported above 1.2 g/t Au\n\n\n5.36 Mt @ 1.6 g/t Au for 267 koz reported above 0.8 g/t Au\n\n\n\n\n\n\n\nMineral Resource Estimate\n\n\nThe Mineral Resource estimate was undertaken by the independent and\n well-established minerals industry consultancy, Cube Consulting Pty Ltd\n (Perth) and focused solely on exploration activities conducted at\n Sarama's 100% owned Tankoro property, the key permit in the South\n Houndé Project.\n\n\nThe Inferred Mineral Resource of 29.13 Mt @ 1.6 g/t Au for 1.50 Moz (at 0.8 g/t Au cut-off) is contained in a package of mineralised zones\n interpreted to extend over a strike length of approximately 5.5km, in a\n trend that spans 1.1km across the strike (refer Figure 1).  The\n potential for further explora...