공시 • Jul 14
Sarama Resources Ltd Provides Sanutura Project Exploration Update
Sarama Resources Ltd. provided an update on the planned +50,000m drilling program at its 100%-owned, multi-million ounce Sanutura Project (the "Project"). The drilling program was designed to materially grow the oxide component of the 0.6Moz Au (Indicated) plus 2.3Moz Au (Inferred) Mineral Resource, to test a number of high priority regional targets and to define additional exploration targets for follow-up drilling. The Company has completed over 20,000m of drilling including ~4,000m of reverse circulation ("RC") drilling and ~16,000m of air core ("AC") drilling. Most of the samples have been dispatched to the SGS and ALS assay laboratories in Ouagadougou where sample turn- around time is averaging approximately 4 weeks. Sample assays are starting to be returned and will be released after their compilation and interpretation are complete. The seasonal rains are beginning to arrive in southwest Burkina Faso and the Company expects to complete the current season's drilling by the end of July and recommence drilling in the fourth quarter after seasonal rains have abated, local farmers have harvested their crops and access routes have dried up. A majority of the drilling has been undertaken in the southern portion of the Project while the Company awaits the completion of government paperwork to expedite tax exonerations and facilitate drilling at the Bondi, Zanawa and Bamako 2 prospects. Drilling of high-priority extensional and regional exploration targets at the Bondi Deposit, which has over 50 shallow, +75 gram/metre Au historical drill intercepts(a) including 52m @ 5.31 g/t Au from 38m, 13m @ 20.41 g/t Au from 8m, 66m @ 3.83 g/t Au from 6m and 70m @ 3.04 g/t Au from surface, plus other northern prospects, including Zanawa and Bamako 2, will be undertaken in the field season commencing in Q4, 2022. A Large Mineral Resource with Potential to Grow: The Company's primary focus is its 100%-owned Sanutura Project, which covers an area of 1,420km2 and has a multi- million ounce Mineral Resource of 0.6Moz Au (Indicated) plus 2.3Moz Au (Inferred) with significant growth potential available through its commanding position along 70km of strike in the prolific Houndé Belt. The Sanutura Project is situated immediately adjacent to Endeavour Mining's Bantou Project which hosts a 1.5Moz Au resource (Inferred) and the Karankasso JV Project, a joint venture between Sarama and Endeavour Mining which hosts a 0.7Moz Au resource (Inferred). The Bantou deposit is situated ~6 kilometres west of the Sanutura Project's Tankoro Deposit which hosts approximately three quarters of the current Project resource. Tankoro Deposit - Further Opportunity within 16km of Strike Length The key contributor to the Sanutura Project's large Mineral Resource is the Tankoro Deposit; extending for a semi- continuous, drill-defined strike length of 16km most of which has only been tested to 70m depth. Drilling of certain higher-grade zones, however, has shown the system extends 550m deep where it remains open, illustrating the size of the mineralised system and the potential for additions. The Mineral Resource is principally contained in an extensive package of mineralised lenses, presenting as gold-quartz- sulphide veinlets and disseminated gold-pyrite within quartz-feldspar-porphyry dykes and bounding sedimentary rocks. The package is interpreted to sit in a trend that spans approximately 1.4km across the strike. The mineralized corridor, as presently defined by drilling, lies within a greater 30km-long, gold-in-soil geochemical anomaly that remains a focus for ongoing regional exploration. Oxide-Focussed Drill Program It is anticipated that this program will deliver a meaningful increase to the oxide and transition component of the Mineral Resource, currently 0.2Moz (Inferred) plus 0.8Moz Au (Indicated), which will assist in positioning the Project as a multi-stage, long-life, carbon-in-leach ("CIL") mine development utilising shallow, high-margin material for the formative years of the project. Significant brownfields and greenfields potential remain within the Mineral Resource across the wider Project area with a number of targets to be tested as part of the current planned +50,000m program. The near-surface drill targets comprise 4 categories: 1. Early-stage reconnaissance drill testing of numerous gold-in-soil geochemical anomalies located within the defined mineralised trends; 2. Targets involving follow-up of drill intercepts of interest in historical reconnaissance and other early-phase drilling that are not modelled as part of the Mineral Resource; 3. Testing for up-dip, down-dip and strike extensions to mineralised lodes that comprise the Mineral Resource; and 4. Infill drilling to improve geological confidence in certain areas; seeking to upgrade geological classification, to a minimum level of `Inferred', of material that is currently modelled but not reported as Mineral Resource. Drilling Planned at Bondi Deposit and Related Regional Targets The Company is planning several drill programs for the high-grade Bondi Deposit where the system remains open along strike and at depth. The top 70 to 100m within the resource is considered well drilled however deeper drilling is sparse and does not target higher-grade shoots effectively. The planned programs will test extensional targets along strike, down dip and down plunge of the current Mineral Resource which has over 50 shallow, +75 gram/metre Au historical drill intercepts including 52m @ 5.31 g/t Au from 38m, 13m @ 20.41 g/t Au from 8m, 66m @ 3.83 g/t Au from 6m and 70m @ 3.04 g/t Au from surface. In addition to the extensional drilling at Bondi, the Company plans to progress regional targets identified in reconnaissance drilling, including the Zanawa Prospect which produced downhole intersections of 22m @ 3.85g/t Au from 5m, 5m @ 4.54g/t Au from 15m and 29m @ 1.44g/t Au from 1m and the Bamako 2 Prospect where downhole intersections include 15m @ 6.17g/t Au from 9m and 8m @ 18.4g/t Au from 42m; all of which are yet to be followed- up.