Sarama Resources Ltd. (ASX:SRR, TSXV:SWA) has received several encouraging near-surface intersections of new mineralisation in the south of the Tankoro Mineralized Corridor in exploration drilling at its 100%-owned, multi-million-ounce Sanutura Project in Burkina Faso.
The reported drilling totals 2,900m and was primarily focussed on testing for new mineralization in lightly-drilled areas of the Kenobi, Djimbake and Obi Prospects. The results represent the sixth discovery of additional/extensional mineralization since the commencement of the ongoing +50,000m drill programme and continue to demonstrate the strong potential to grow the oxide component of the Project’s 0.6Moz Au (Indicated) plus 2.3Moz Au (Inferred) mining shape constrained Mineral Resource.
Highlights
• New, near-surface mineralization intersected in the south of the Tankoro Mineralized Corridor
• Highlighted downhole intersections from new assays include:
o 5m @ 7.05g/t Au (incl 1m @ 25.60g/t Au) from 9m in TAA173; o 22m @ 1.52g/t Au from 22m in TAA278;
o 10m @ 1.33g/t Au from 23m in TAR059;
o 14m @ 1.20g/t Au from 10m in TAA178;
o 6m @ 1.90g/t Au from 15m in TAA171; and
o 6m @ 1.49g/t Au from 7m in TAA141.
• Intersections of new mineralization are in shallow, oxide material with high potential to add to the oxide and transition component of the Mineral Resource, currently standing at 0.2Moz Au (Indicated) plus 0.8Moz Au (Inferred)
• New mineralization is outside the existing Mineral Resource and show clear potential to expand its footprint
• Further results to be released in due course
• Follow-up drilling, including greenfields exploration drilling, expected to commence in 2023
“These most recent drill results continue to support our view that significant potential remains to make new discoveries outside the existing Mineral Resource in the Tankoro Mineralized Corridor, which stretches over 16km in length and is up to 1.7km in width,” President, CEO and MD, Andrew Dinning, said.
“Previously released results align with this theme, as do the strong grades and widths of mineralization in near-surface oxide material, which together clearly show the potential for growth in the footprint and size of the Mineral Resource.
“We now have a number of exciting new areas to follow up and incorporate into the Mineral Resource which we plan to update after the completion and follow up of the current +50,000m drill programme.”
For further information please visit: https://saramaresources.com/
