공시 • Feb 18
Sarama Resources Update on Corporate Activities and Planned Exploration
Sarama Resources Ltd. announced an update on corporate activities and for exploration planned for the year ahead. PROJECT & EXPLORATION: Exploration: Exploration is planned across the Company's three main project areas, including the Sanutura Project which hosts the Tankoro and Bondi gold deposits(4), the Karankasso Project (joint venture with Endeavour Mining, Sarama 19%) (both situated in the South Houndé Greenstone Belt), and the Koumandara Project, situated in the neighbouring Banfora Greenstone Belt, all of which lie in south-west Burkina Faso. The Tankoro Deposit contains a mineral resource of 0.6Moz Au (indicated) and 1.9Moz Au (inferred) and the Bondi Deposit, which is complementary to the Tankoro Deposit has a historical mineral resource of 0.28Moz Au (measured & indicated) and 0.15Moz Au (inferred) and was compiled by Orezone Gold Corporation. Sanutura Project - Northern Sector: Initial drill programs will focus on the northern sector of the Sanutura Project at the Bamako 2 Property (the permit for which was recently re-issued) where previous scout drilling along a sheared basalt-mafic intrusion contact returned high-grade intersections including 8m @ 18.40g/t Au and 18m @ 1.20g/t Au, over a strike of 350m and hosted in a stacked quartz vein system that is currently being exploited by artisanal miners over a distance of 3km. A parallel lode system 1,000m to the east has returned intersections of 15m @ 6.17g/t Au and 3m @ 3.81g/t Au indicating multiple, parallel vein systems occur within the property. The Djarkadougou Property will be drilled to evaluate previously identified mineralised prospects outside the Bondi Deposit area, and to look for extensions along strike and down plunge on the main deposit itself. The Zanawa Prospect is the highest-ranking target and lies 4km north-east of the Bondi Deposit where initial scout drilling has returned wide intersections including: 22m @ 3.85 g/t Au, 5m @ 4.54 g/t Au, and 29m @ 1.44 g/t Au. In total, preliminary plans for drilling within the northern sector of the Sanutura Project will encompass approximately 6,000m of air core ("AC"), 7,000m of reverse circulation ("RC") and 1,000m of diamond core drilling ("DD"). Sanutura Project - Southern Sector: The southern part of the Sanutura Project is host to the flagship Tankoro Deposit which is situated within a large-scale mineralised system. The mineral resource extends approximately 16km along strike within a structural corridor approximately 1.4km wide. The first phase of drilling will concentrate on testing for extensions to, and infilling of, specific areas at the Tankoro West and Tankoro East Deposits where high-probability oxide-hosted targets have been identified. The most recent drilling at the Obi and Djimbake Prospects, in the south of the project area, returned significant intersections including: 8m @ 4.72g/t Au, 5m @ 7.26g/t Au, 29m @ 1.05g/t Au, 17m @ 1.59g/t Au, 5m @ 5.04g/t Au, 11m @ 1.34g/t Au, and 8m @ 1.86g/t Au in shallow oxide material over a strike length of 3km. Drilling at the Kenobi Prospect, a parallel trend 1km to the east of the Obi Prospect, has returned wide, lower-grade intersections such as: 12m @ 1.59g/t Au (including 4m @ 2.87g/t Au) and 11m @ 1.46g/t Au and 13m @ 0.82g/t Au (including 4m @ 1.75g/t Au), also within shallow oxide material over a strike length of 150m. In total, approximately 30,000m of AC and RC drilling is planned within the southern sector of the Sanutura Project. Koumandara Project: The Company's 100%-owned Koumandara Project, situated in the northern part of the Banfora Greenstone Belt, encompasses five generally contiguous permits covering 600km2, three of which are currently under application for re- issue. The area is underlain by a mix of diverse lithological units including basalt flows, various intermediate intrusions, and basin sedimentary rocks. The project area also encompasses a large part of a regional shear structure, or `break', that has been the focus of gold-bearing fluids as evidenced by long, high-tenor, gold-in-soil anomalies, the presence of artisanal mining and the results of historical drilling. Based on previous exploration work undertaken by Sarama, the project is considered prospective for high-grade gold mineralisation and is relatively unexplored. Mineralisation appears to be mainly associated with quartz-vein systems spatially associated with deformation zones. Previously reported results from a wide-spaced, 140 hole /4,600m AC reconnaissance drill program undertaken by Sarama (refer news release of December 16, 2020) returned several encouraging intersections in oxide material across the project area, including: 4m @ 13.55g/t Au from 16m, 20m @ 0.98g/t Au from 12m, 3m @ 2.20g/t Au (ended in mineralisation "EOH") from 36m, 3m @ 2.19g/t Au (EOH) from 44m, 2m @ 3.54g/t Au (EOH) from 36m. These results complement historical intersections (previously reported) from RC drilling by Sarama and other operators at the Koumandara Project including: 7m @ 6.86g/t Au from 53m, 13m @ 2.87g/t Au from 10m and 4m @ 10.59g/t Au from 30m, 7m @ 1.66g/t Au from 19m and 15m @ 1.80g/t Au (EOH) from 85m, 17m @ 1.18g/t Au from 12m, 3m @ 8.94g/t Au (EOH) from 105m. Sarama intends to conduct follow-up drilling at five main target areas to evaluate depth and strike potential of mineralised veins at the various prospects. In total, approximately 5,000m of RC drilling is planned. Bondi Deposit Mineral Resource Update: The Company plans to generate a new mineral resource for the Bondi Deposit which will be incorporated into the Sanutura Project mineral resource when the underlying Djarkadougou exploration permit is issued. Verification and review of 90,000m of historical drilling and exploration data is currently in progress and following the completion of this work, resource modelling will commence. The company anticipates some verification drilling will be required to validate segments of the historical data but anticipates being able to complete this as part of the planned, upcoming exploration programs.