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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