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Sarama Resources Extends Strike Length of Mineralisation at South Houndé Project to Over 12km
VANCOUVER, BC / ACCESSWIRE / August 21, 2019 / Sarama Resources Ltd. (“ Sarama ȁ...
About this update from Sarama Resources Ltd.
[{"type":"text","content":"Sarama Resources Extends Strike Length of Mineralisation at South Houndé Project to Over 12kmVANCOUVER, BC / ACCESSWIRE / August 21, 2019 / Sarama Resources Ltd. (“Sarama” or the “Company”) (TSXV:SWA) is pleased to announce that recent oxide-focussed drilling at the South Houndé Project (the “Project”) in south-western Burkina Faso has extended the strike length of drill-defined mineralisation by 2km to over 12km. This represents an approximate 20% increase to the strike length of the mineral resource and continues to illustrate the scale of the mineralised system at the Project (refer Figures 1 & 2).Higher-grade drill intersections, including 5m @ 7.26g/t Au and 8m @ 4.72g/t Au, were intersected in oxide as were broader zones including 17m @ 1.59g/t Au and 29m @ 1.05g/t Au. Numerous other intersections present new targets for future growth-orientated exploration.The drilling is expected to increase the oxide and free-milling components of the mineral resource base that currently totals approximately 600koz Au (oxide and transition components) out of a total 2.1Moz Au mineral resource(1). Sarama’s objective is to advance its southern Houndé Belt projects (refer Figure 1) toward a low capital intensity, high-return development, initially exploiting the oxide and free-milling material as part of a multi-stage project.HighlightsStrike length of drill-defined mineralisation increased by approximately 2km to over 12kmNew drilling expected to increase the 600koz Au(1) oxide and free-milling component of the current mineral resource baseDrilling program consisted of 110 air-core (“AC”) holes, totalling 6,500m. Full results are listed in Appendix A with significant intersections including:8m @ 4.72g/t Au from 34m in TAA077;5m @ 7.26g/t Au from 16m in TAA068;29m @ 1.05g/t Au from 21m in TAA029;17m @ 1.59g/t Au from 34m in TAA080;5m @ 5.04g/t Au from 21m in TAA071;11m @ 1.34g/t Au from 49m in TAA007; and8m @ 1.86g/t Au from 48m in TAA032.Numerous other intersections have generated new oxide targets for follow-upThe discovery of additional oxide mineralisation further supports Sarama’s regional development plan for the southern Houndé Belt which features a low capital intensity, high-return project configuration focussed initially on oxide and fre...