Business
Sarama Resources Drills 27 Metres of 1.07 g/t Gold at Bondi Deposit
VANCOUVER, British Columbia, Sept. 12, 2017 (GLOBE NEWSWIRE) -- Sarama Resources Ltd. (“Sarama” or the “Company”) (TSX-V:SWA) announces that reconnaissance airc
About this update from Sarama Resources Ltd.
[{"type":"text","content":"VANCOUVER, British Columbia, Sept. 12, 2017 (GLOBE NEWSWIRE) -- Sarama Resources Ltd. (“Sarama” or the “Company”) (TSX-V:SWA) announces that reconnaissance aircore drilling has intersected shallow, oxide gold mineralisation over broad intervals approximately 4km north-east of its 100%-owned Bondi Deposit in south-western Burkina Faso. The Bondi Deposit is of high strategic value, making it the key component of the Company’s 100%-owned(4) ThreeBee Project (the “Project”). The drill results demonstrate the potential to add mineral resources to the Project, building on the existing historical estimate of mineral resources for the Bondi Deposit. The results underscore the value of the property in the development of the southern Houndé Belt with new gold discoveries potentially being highly accretive to various development scenarios being contemplated. Highlights Sarama’s first drill program since acquiring the property has delivered immediate results, highlighting the potential for new discoveries. Broad intervals of shallow, oxide gold mineralisation intersected in reconnaissance drilling approximately 4km from the Company’s 100%-owned Bondi Deposit. Several holes ended in mineralisation, indicating potential for further mineralisation below drilled horizon. Mineralised intersections are proximal to contact zones between intrusive and mafic volcanic units, demonstrating potential for gold mineralisation in similar target areas elsewhere on the property. Results are reported for 82 holes totalling 2,800m of aircore drilling with highlighted downhole intersections including (see Appendix A for full details): 8m @ 1.50g/t Au from surface in DJA0061 (100% oxide); 27m @ 1.07g/t Au (EOH) from surface in DJA0060 (100% oxide); 20m @ 0.71g/t Au from 4-24m in DJA0076 (100% oxide); and 10m @ 1.47g/t Au from 28-38m in DJA0076 (100% oxide); 10m @ 1.10g/t Au (EOH) from 10-20m in DJA0058 (90% oxide/10% transition); and 14m @ 0.73g/t Au from 2-16m in DJA0059 (86% oxide/14% transition). The property is part of Sarama’s 100%-owned(4) ThreeBee Project and is core to the development of the southern Houndé Belt given its highly strategic location and mineralisation well suited to open pit mining. Sarama’s President and CEO, Andrew Dinning, commented: “We are extremely pleased that the first drill program on the property following its recent acquisition...