Sarama Resources (ASX:SRR) reports it has intersected fresh near-surface, ‘high-grade’ gold outside of the existing multi-million-ounce resource at the Sanutura Project in Burkina Faso.
The company notes that multiple new ‘high-grade’ intersections returned in oxide material at MM Prospect within the 100% owned Sanutura Project, which hosts a large Mineral Resource of 0.6Moz Au (Indicated) plus 2.3Moz Au (Inferred)(1) and covers an area of 1,420km-square.
Of note, downhole intersections in oxide material from new assays featured 7m at 8.25g/t from 53m, 12m at 4.26g/t from 21m and 11m at 4.50g/t gold from 30m, including 1m at 20.20g/t.
Continuity of several ‘high-grade’ shoots were confirmed with drilling, returning strong grades over broad widths.
Sarama reports there is potential to add to the current oxide and transition component of the resource.
Addressing the results, Sarama President, CEO, and MD Andrew Dinning commented: “We are extremely pleased that this recent drilling has continued to grow the mineralised area of the MM Prospect, intersecting new, high-grade gold mineralisation, and also confirming the continuity in high-value oxide zones.
“the MM Prospect remains the economic focal point of the deposit”
With its multiple lodes and abundance of high-grade intersections, the MM Prospect remains the economic focal point of the deposit and it is encouraging that new, shallow mineralisation continues to be discovered here.
This drilling builds upon the recently reported exploration success at the Obi Prospect where extensive, flat-lying mineralisation with high-grade zones in oxide material was delineated, suggesting a new geological model for target generation.
The MM and Obi Prospect drill results illustrate the potential for further additions to the already significant oxide and transition component of the project’s Mineral Resource and we remain confident that the ongoing +50,000m drill program will deliver into this potential.”
The MM Prospect features several high-grade shoots that extend from surface to a depth of about 600m.
The recent drilling confirms the presence and continuity of shallow, higher-grade shoots and has intersected new, ‘high-grade’ gold mineralisation outside of the current Mineral Resource in oxide material.
Once modelled, these new zones are expected to increase the oxide component of the Mineral Resource and are anticipated to provide high-margin feed in the early stages of any mine development.
The Sanutura Project occupies a commanding position along 70km of strike in the prolific Houndé Belt, Burkina Faso’s pre-eminent gold belt.
The project lies 60km south of Endeavour Mining’s Houndé Mine (5Moz Au); 120km south of Fortuna Silver’s high-grade Yaramoko Mine (1Moz Au), and 140km south of Endeavour Mining’s Mana Mine (5Moz Au), highlighting the significant gold endowment of the Houndé Belt.
Images: Sarama Resources Ltd
