West African gold exploration and development company Sarama Resources (ASX:SRR) reports the presence of ‘high-grade’ mineralisation and extensions to selected lodes from an ongoing 50,000m drilling program at its 100% owned Sanutura Project in Burkina Faso, West Africa.
The results, generated by a total of 43 drillholes, confirm the 5th discovery of new mineralisation from the ongoing drilling program by returning grades of up to 7.57g/t Au from surface and outside the modelled Mineral Resource Estimate (MRE) at the MM prospect.
Highlighted downhole intersections include: 21m @ 7.57g/t Au from surface (TAA359), 15m @ 2.48g/t Au from 15m (TAR041) and 13m @ 1.41g/t Au from 21m (TAR042).
It is reported these results also deliver potential to enhance open pit stripping ratios in any eventual mine development, as well as support the thesis that potential remains for ‘significant’ new discoveries close to known mineralisation.
The drilling program commenced with a goal of investigating 5 target areas in a section of the MM prospect, which extend for about 1.4km along strike within the western Tankoro Mineralised Corridor.
Addressing the results, Sarama’s President, CEO and Managing Director, Andrew Dinning says: “We are very pleased with the quality of results from the Q2/Q3 2022 exploration program.
“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 mineralised corridor”
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 mineralised corridor. We look forward to completing the current drill program and following-up the multitude of exciting discoveries made so far.”
The company also notes that the prospectivity of the area which returned the ‘significant’ downhole intersection of 21m at 7.57g/t Au from surface is likely enhanced by structural features and historical drilling, which produced ‘high-grade’ intersections of 10.2m at 14.85g/t Au.
In addition, the ‘high-grade’ intercept returned from drillhole TAA359 supports the extension of an oblique-striking lode 50m to the south and up-dip to surface, as well as an expansion of modelled lode thickness in the near surface zone.
As of 10am AWST Sarama Resources’ share price had increased by 9.37%.
Sarama Resources is an ASX-listed West African Au explorer and developer that is focused on establishing a new mining district in the African nation of Burkina Faso. The company’s Sanutura project is located within the prolific Houndé Greenstone Belt in southwest Burkina Faso and covers a total land area of 1,420km-square. The project hosts the Tankoro and Bondi deposits, which boast a combined Mineral Resource Estimate (MRE) of 0.6Moz Au (indicated) plus 2.3Moz Au (inferred).
With all of the Q2/Q3 assays from drilling now received, Sarama Resources announces that drilling has been paused until 2023 while the company compiles results to incorporate into its planning for further drilling at the highest priority targets around the MRE.
Images: Sarama Resources Ltd & iStock
