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Sarama Resources Issued Djarkadougou II Permit Hosting Bondi Deposit
VANCOUVER, BC / ACCESSWIRE / August 12, 2021 / Sarama Resources Ltd. (" Sarama " or the " ...
About this update from Sarama Resources Ltd.
[{"type":"text","content":"Sarama Resources Issued Djarkadougou II Permit Hosting Bondi DepositVANCOUVER, BC / ACCESSWIRE / August 12, 2021 / Sarama Resources Ltd. (\" Sarama \" or the \" Company \") is pleased to report that it has been issued (5) the Exploration Permit for the Djarkadougou II Property (\" Djarkadougou II \" or the \" Property \") which covers 169km 2 and hosts the high-grade Bondi Deposit and several high-quality exploration targets. The Property forms part of Sarama's 100%-owned Sanutura Project (the \" Project \") which covers approximately 1,400km² and is located in the prolific Houndé Belt in south-western Burkina Faso (refer Figure 1).The Exploration Permit is valid for an initial term of 3 years and is renewable for a further two 3-year terms, subject to satisfaction of routine conditions regarding execution of work programs and minimum expenditure thresholds.The Bondi Deposit is located within trucking distance of Sarama's 100%-owned Tankoro Deposit (mineral resource of 0.6Moz Au (indicated) and 1.9Moz Au (inferred) (1,4) ) and adds a substantial amount of high-grade and free-milling material to the development proposition.Bondi DepositThe Bondi Deposit has a Historical Estimate of mineral resources of 282,000oz @ 2.1g/t Au (measured and indicated) and 150,000oz @ 1.8g/t Au (inferred) (2) at 0.5g/t Au cut off. This Historical Estimate includes a high-grade component (reported at a cut-off grade of 2.0g/t Au) of 186,000oz @ 4.2g/t Au (measured and indicated), which reflects several shoot-controlled, high-grade zones within the lodes.Drill-defined mineralisation currently extends over a 4.1km strike length and mineralised lodes are up to 24m in width and have been intersected to a vertical depth of approximately 320m (refer Figures 2 and 3). A majority of the mineralisation reported is well defined by 25-40m x 25m spaced drilling with approximately 90,000m drilling (reverse circulation and diamond core) having been completed.Metallurgical testwork concluded that the mineralisation is amenable to processing using a standard cyanidation flowsheet, with gold extractions of 97% and 91% being achieved for composite samples of oxide and fresh mineralisation respectively at a conventional grind size of P 80 75 micron.The Company is currently in the process of remodelling the Bondi Deposit with a view to incorporating it into an ...