Sarama Resources Ltd V.SWA

Alternate Symbol(s): SRMMF

Metals & Mining Gold

Sarama Resources Ltd. is an Australia-based gold explorer and developer. The Company is focused on establishing a new mining district in Burkina Faso. The Company's projects include Sanutura Project, Karankasso Project and Koumandara Project. The Sanutura Project is located approximately 350 kilometers (km) southwest of Ouagadougou. Its 100% owned Sanutura and Koumandara Projects cover approximately 2,000 km2 of prospective and geologically greenstone terrane. The southern Sanutura Project area covers approximately 1,454 square kilometers of prospective greenstone terrane. The Karankasso Project is situated 130 km southwest of Endeavour Mining’s Mana Mine, Fortuna Silver's Yaramoko Mine and approximately 60 km south of Endeavour Mining's Hounde Mine. The Koumandara Project covers approximately 600 km2 and is situated in the northern Banfora Greenstone Belt, approximately 80 km west of Sarama's Sanutura Project.

TSXV:SWA - Post by User

Sarama Resources Ltd

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Post by Czechlateon Dec 18, 2014 10:44pm

96 Views

Post# 23247434

SWA and Acacia not playing around ,drilling underway already

December 16, 2014

RECONNAISSANCE FIELD PROGRAM REINFORCES PROSPECTIVITY OF THE KARANKASSO PROJECT JV IN BURKINA FASO
Dear Investor,

Please find attached a press release relating to reconnaissance activities on the Karankasso Project JV in Burkina Faso which is managed by our JV partners Savary Gold.

We are pleased with the results of this reconnaissance program, particularly the identification of a number of new zones and trends which, when combined with the significant length of the mineralised corridor, presents a significant target area and underscores the exploration potential of this project.

We have also commenced drilling on the South Houndé Project following the finalisation of the earn-in agreement with Acacia Mining (formerly African Barrick Gold). This drilling forms part of an initial three month program which will include AC, RC and diamond drilling, as well as regional geophysics and field work.

If you have any questions, please do not hesitate to contact me.

Regards,
Andrew Dinning
President and CEO