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Sarama Resources Intersects High-Grade Gold Mineralisation at South Hounde Project
VANCOUVER, BC --(Marketwired - June 19, 2017) - Sarama Resources Ltd. ("Sarama" or the "Company") (TSX VENTURE: SWA) is pleased to announce that high-grade gold
About this update from Sarama Resources Ltd.
[{"type":"text","content":"VANCOUVER, BC --(Marketwired - June 19, 2017) - Sarama Resources Ltd. (\"Sarama\" or the \"Company\") (TSX VENTURE: SWA) is pleased to announce that high-grade gold mineralisation has been intersected in an ongoing extensional diamond drilling program at the South Houndé Project (the \"Project\") in south-western Burkina Faso. The program was designed to test depth and strike extensions to high-grade shoots within known mineral resources and forms 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 Diamond drilling intersected exceptionally high-grade mineralisation, including an interval assaying 0.5m @ 112.3g/t Au, in the MC Deposit at the South Houndé Project. Drilling targeted several discrete and high-grade shoots within the mineral resource to test for strike and depth extensions with a view to assessing 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 550m. Drilling at the MM Deposit is anticipated to result in the extension of the mineral resource of approximately 200m down-dip in the areas proximal to high-grade shoots. Drilling at the MC Deposit is anticipated to result in an approximate 150m strike extension of mineralisation around higher-grade shoots. Program comprised of 11 holes for 1,300m reverse-circulation (\"RC\") and 4,500m diamond drilling (or \"DDH\") with highlighted downhole intersections including (see Appendices A & B for full details): MC Deposit FRC1076RE1 (DDH) 6.0m @ 12.15 g/t Au from 231.0m including 2.6m @ 27.03 g/t Au from 231.6m with 0.5m @ 112.3 g/t Aufrom 232.2m 6.7m @ 3.85 g/t Au from 240.8m including 3.9m @ 6.22 g/t Au from 243.1m FRC1075RE1 (DDH) 6.8m @ 6.83 g/t Au from 173.2m including 2.0m @ 18.76 g/t Au from 177.5m MM Deposit (southern area extensions) FRC1070RE1 (DDH) 11.3m @ 3.50 g/t Au from 397.5m including 6.5m @ 5.03 g/t Au from 397.5m MM Deposit (northern area extensions) F...