- Sarama Resources (SRR) extends the high-grade gold mineralisation at the Sanutura Project in Burkina Faso
- The company received assays from an initial 1700 metre drilling from its Obi Prospect, which extended gold mineralisation in several directions
- Highlights from the drilling included three metres at 4.57 g/t gold from 39 metres, and revealed a new target area for exploration
- The results are expected to add to the current oxide and transition component of the mineral resource
- Sarama Resources last traded at 15 cents at 1:20 pm AEST
Sarama Resources (SRR) has extended the high-grade gold mineralisation at the Sanutura Project in Burkina Faso.
The company received assays from an initial 1,700 metre drilling from its Obi Prospect, which extended gold mineralisation in several directions.
The drilling was part of a 50,000-metre program and delineated an extensive zone of flat-lying mineralisation in shallow, oxide material which extends around 950 metres along strike and up to 300 metres down-dip, with mineralisation remaining open down dip.
Highlights from the drilling included 12 metres at 2.86 grams of gold per tonne (g/t) from 39 metres, and three metres at 4.57 g/t gold from 39 metres.
Sarama’s President, CEO and MD Andrew Dinning said the company is very excited by these first drill results at the Obi Prospect.
“This drilling has extended a previously minor zone to approximately 950 metres in length with a further 1.8 kilometres of strike potential yet to be tested.”
“The tenor and flat-lying nature of this mineralisation suggests a different mineralising event to the sub-vertical, lower-tenor gold lodes seen in this local area and it has led us to a new target model reminiscent of Endeavour Mining’s flat-lying Kari Pump and Boungou Deposits in Burkina Faso.”
The drilling also enhanced the exploration potential in the area, with the emergence of a new target area immediately along strike to the north-east, which is untested for approximately 1.8 kilometres.
These results are expected to add to the current oxide and transition component of the mineral resource.
Sarama Resources last traded at 15 cents at 1:20 pm AEST.