Sarama Resources (ASX:SRR, TSXV:SWA) has intersected new high-grade mineralization and identified extensions to selected lodes at the MM Prospect within the Tankoro Deposit, part of the Sanutura Project in Burkina Faso.
The new mineralization is located near-surface in oxide material outside the current Mineral Resource and has potential to enhance open pit stripping ratios in any eventual mine development. Sarama intends to pursue these types of targets in upcoming drill programmes.
The reported drilling totals 2,200m and represents the fifth discovery of new mineralization in the ongoing +50,000m programme, which was designed to increase the oxide component of the Project’s 0.6Moz Au (Indicated) plus 2.3Moz Au (Inferred) Mineral Resource.
Highlights:
- New, high-grade mineralization intersected from surface and outside of the resource at the MM Prospect.
- Highlighted downhole intersections include 21m at 7.57g/t gold from surface.
- Represents the fifth discovery of new mineralization in the ongoing +50,000m programme.
- High potential to add to the oxide and transition component of the resource, which currently stands at 0.2Moz (Indicated) plus 0.8Moz (Inferred).
- Identification of new mineralization proximal to the existing resource will enhance project economics.
“We are very pleased with the quality of results from the Q2/Q3 2022 exploration programme. As per previous releases, these most recent results continue to illustrate the potential for new discoveries within the Tankoro Deposit’s very large and prospective mineralized corridor. We look forward to completing the current drill programme and following-up the multitude of exciting discoveries made so far,” President, CEO and MD, Andrew Dinning, said.
“The drilling programme investigated five target areas in a section of the MM Prospect extending for approximately 1.4km along strike within the western Tankoro Mineralized Corridor. Previous drilling delineated subordinate mineralized lodes located in the hanging-wall and footwall of the main gold-bearing lode(s) and potential exists for extensions along strike and the discovery of additional high-grade mineralization in near surface oxide material. The targeted lodes strike obliquely to the main mineralization, which is a characteristic seen in the better drilled areas of the Tankoro Deposit.
Drilling in one footwall area of the MM Prospect targeted the confluence of obliquely striking mineralisation with the main lode and returned a significant downhole intersection of 21m @ 7.57g/t Au from surface, within oxide material.
The prospectivity of this area is likely enhanced by structural movements/features and historical drilling has produced high-grade downhole intersections including 15m @ 7.43g/t Au, 14m @ 7.93g/t Au and 10.2m @ 14.85g/t Au. The new intersection supports the extension of an oblique-striking lode 50m to the south as well as up-dip to surface and a meaningful expansion of modelled lode thickness in the near surface zone area.
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