Business
Sarama Resources Drills 10.4 Metres of 3.96 g/t Gold at South Hounde Project
VANCOUVER, BC--(Marketwired - August 16, 2017) - Sarama Resources Ltd. ("Sarama" or the "Company") (TSX VENTURE: SWA) announces that gold mineralisation at the
About this update from Sarama Resources Ltd.
[{"type":"text","content":"VANCOUVER, BC--(Marketwired - August 16, 2017) - Sarama Resources Ltd. (\"Sarama\" or the \"Company\") (TSX VENTURE: SWA) announces that gold mineralisation at the MC Deposit has been extended at depth and along strike in a deep diamond drilling program at the South Houndé Project (the \"Project\") in south-western Burkina Faso. The results are final for a H1 2017 program that was designed to test depth and strike extensions to high-grade shoots within the mineral resource and form part of an ongoing, multi-faceted exploration program aimed at increasing the Project's 2.1Moz gold1 inferred mineral resource to support open pit mine development and investigate the potential for underground mining. Highlights Numerous mineralised lodes intersected in deep drilling at the MC Deposit and when combined with previously reported results from this program, support the extension of drill defined mineralisation by approximately 200m along strike and 400m down-dip. Deep drilling targeted several discrete and high-grade shoots within the mineral resource to test for strike and depth extensions with a view to examining underground mining potential. Results continue to demonstrate the significant scale of the mineralised system at the South Houndé Project, with drill-defined mineralisation extending continuously from surface to a vertical depth of approximately 500m and 550m at the MC and MM Deposits respectively. Results are reported for 6 holes totalling 900m of reverse-circulation (\"RC\") and 2,000m of diamond drilling (\"DDH\"), with highlighted downhole intersections including (see Appendices A & B for full details): -- 2.2m @ 4.74g/t Au from 324.7m in FRC1082RE1 (DDH intersection); -- 10.4m @ 3.96g/t Au from 414.8m in FRC1082RE1 (DDH intersection); -- 3.5m @ 3.79g/t Au from 406.5m in FRC1083ARE1 (DDH intersection); and -- 4.1m @ 3.89g/t Au from 429.9m in FRC1083ARE1 (DDH intersection). Modest aircore (\"AC\") drill program of 35 holes totalling 2,200m tested for near surface mineralisation at an oblique orientation to the main mineralised trends. Results confirm known mineralisation and intersected anomalous mineralisation outside the mineral resource with highlighted oxide intersections of: -- 8m @ 2.46g/t Au from 54m in AC2704; -- 8m @ 1.55g/t Au from 28m in AC2707; -- 8m @ 0.97g/t Au from 28m in AC2692; -- 6m @ 0.90g/t Au from 52...