West African gold explorer Sarama Resources (ASX:SRR) has uncovered a new oblique mineralised trend over a 700m strike length from aircore (AC) drilling at its multi-million-ounce Sanutura Project in Burkina Faso.
The results, generated from about 43 AC drillholes, confirmed the presence of a new gold mineralised trend in the north of the Tankoro Mineralised Corridor, which has returned gold grades up to 12.10g/t Au.
Drilling is currently paused while the company compiles all results received to date from the Q2/Q3 2022 program in order to plan further drilling of its highest priority targets around the Mineral Resource Estimate (MRE) at both the Tankoro and Bondi deposits.
Key results include hole TAA422 with 6m @ 2.91g/t Au from 31m, including 1m @ 12.10g/t Au; hole TAA403 with 13m @ 1.79g/t Au from 7m, including 2m @ 8.88g/t Au; and hole TAA429 with 5m @ 3.01g/t Au from 43m, including 2m @ 6.70g/t Au.
Mineralisation is reported to be open in all directions, and has potential to extend further to the southwest where it may intersect the main mineralised trend in the Phantom West prospect.
The company says these results represent the seventh discovery of additional and extensional mineralisation since the beginning of its ongoing +50,000m drill program, and continue to demonstrate ‘strong’ potential to increase the oxide component of the project’s 0.6 million ounce (Moz) Au (indicated), and 2.3Moz Au (inferred) mining shape constrained mineral resource.
Addressing the results, Sarama Resources President, Chief Executive Officer (CEO) and Managing Director Andrew Dinning says: “We are excited that new, near-surface discoveries continue to be made throughout the Tankoro Mineralised Corridor with the most recent results representing the seventh successive areas where new mineralisation has been intersected outside the mineral resource.
“We are excited that new, near-surface discoveries continue to be made throughout the Tankoro Mineralised Corridor”
This bodes well for the many other targets that have been identified and are yet to be drilled and continues to support our view that significant exploration potential remains. The identification of new cross-linking mineralisation is expected to add to the current mineral resource which we plan to update after the completion and follow up of the current +50,000m program, a majority of which is cost effective aircore drilling.”
The company also notes that mineralisation is oblique in nature and has potential to link the Phantom and Phantom West Trends over a 1,200m strike length.
Sarama Resources is an ASX-listed gold exploration and development company that is focused on maximising the value of its strategic assets, and advancing its key projects towards development. The company has a ‘substantial’ land holding in southwest Burkina Faso, with its wholly owned Sanutura project being located within the prolific Houndé Greenstone Belt.
The project is host to the Tankoro and Bondi deposits, which boast a combined MRE of 0.6Moz Au (indicated) plus 2.3Moz Au (inferred), and present a potential mine development opportunity featuring an initial, long-life CIL project which may be established and paid for by the ‘significant’ oxide MRE base.
Images: Sarama Resources Ltd & iStock
