Business
Sarama Resources Increases Exploration Interests in Hounde Belt, Burkina Faso
VANCOUVER, BC--(Marketwired - May 16, 2017) - Sarama Resources Ltd. ("Sarama" or the "Company") (TSX VENTURE: SWA) is pleased to advise that it has agreed to ac
About this update from Sarama Resources Ltd.
[{"type":"text","content":"VANCOUVER, BC--(Marketwired - May 16, 2017) - Sarama Resources Ltd. (\"Sarama\" or the \"Company\") (TSX VENTURE: SWA) is pleased to advise that it has agreed to acquire a 100% interest in the Botoro exploration property (\"Botoro\" or the \"Property\") in south-west Burkina Faso. Botoro complements Sarama's mineral property interests in the highly prospective southern Houndé Belt and increases the size of its 100%-owned4 ThreeBee Project to approximately 660km². Highlights Acquisition is consistent with Sarama's strategy to enhance, diversify and materially increase its position in the southern part of the prolific Houndé Belt Botoro Property covers 224km² and is located within trucking distance of Sarama's 100%-owned Bamako, Djarkadougou and Bouni Properties, altogether forming the ThreeBee Project Underlain by a diverse suite of volcanic and meta-sedimentary rocks known to host gold deposits of significant size in the region, with prospectivity further enhanced by district-scale faults and shear zones traversing the Property Botoro shares geological similarities to Sarama's Djarkadougou Property, which hosts the Bondi Deposit (historical estimate mineral resources of 0.3Moz Au measured and indicated and 0.1Moz Au inferred3) Potential to build on existing gold occurrences within the ThreeBee Project which includes the Bondi Deposit and yet to be followed-up drill intersections at the Bamako Property which include 15m @ 6.17g/t Au from 9m and 6m @ 1.78g/t Au from surface No systematic modern-day exploration has been conducted on Botoro Substantial artisanal mining infrastructure previously established in several areas within the Property ThreeBee Project is independent of, but complementary to other projects in the region including Sarama's South Houndé Project which hosts a gold mineral resources of 2.1Moz1 and also Teranga Gold Corporation's (\"Teranga\") Golden Hill Project where encouraging new gold discoveries have recently been announced6 Sarama's President and CEO, Andrew Dinning, commented: \"We are excited about the acquisition and the exploration potential of the Botoro Property and also the strengthening of our position in the southern Houndé Belt. Importantly, Botoro complements our 100% owned ThreeBee Project and provides us with additional options outside our current joint ventures in the Houndé Belt. Teranga's re...