| Announcement Date: | 2022-08-09 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Sarama Resources Ltd. |
| Project name: | Sanutura |
| Location: | Burkina Faso |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 12m @ 2.86g/t Au from 39m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | PERTH, AUSTRALIA / VANCOUVER, CANADA. Sarama Resources Ltd. (“Sarama” or the “Company”) (ASX:SRR, TSXV:SWA) is pleased to announce that assays returned from an initial 1,700m drilling of the ongoing +50,000m program at its 100%-owned(4), multi-million ounce Sanutura Project (the “Project”) have extended gold mineralisation in several directions at the Obi Prospect (refer Figure 1) and discovered a new trend for exploration. The drilling has delineated an extensive zone of flat-lying mineralisation in shallow, oxide material which extends approximately 950m along strike and up to 300m down-dip with mineralisation remaining open down-dip. These results deliver one of the Company’s near-term objectives of growing the oxide component of the Project’s already large Mineral Resource of 0.6Moz Au (Indicated) plus 2.3Moz Au (Inferred)(1) . Exploration potential in the area has also been enhanced with the emergence of a new target area immediately along strike to the north-east, which is untested for approximately 1.8km. The Company anticipates drilling its highest priority targets and commencing regional greenfields exploration early in the next field season commencing Q4 2022. |
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