Savary JV...Inferred Mineral Resource of 671,000 Ounces Gold Maiden Inferred Mineral Resource of 671,000 Ounces Gold Announced at the Karankasso JV in Burkina Faso
https://www.marketwired.com/press-release/maiden-inferred-mineral-resource-671000-ounces-gold-announced-karankasso-jv-burkina-tsx-venture-swa-2062366.htm
VANCOUVER, BC--(Marketwired - October 08, 2015) - Sarama Resources Ltd. (TSX VENTURE: SWA) ("Sarama" or the "Company") is pleased to advise that Savary Gold Corp. ("Savary"), the operator of the Karankasso Project Joint Venture ("JV") between Sarama and Savary, has declared a maiden Inferred Mineral Resource estimate of 671,000 ounces of contained gold at the Karankasso Project JV in Burkina Faso. Sarama holds a 35% participating interest in the Karankasso Project. Highlights from Savary's release are presented below.
Highlights
- 0.67 Moz Au contained in pit shell constrained Inferred Mineral Resources - 9.2 Mt @ 2.3 g/t Au (at a 0.5 g/t gold cut-off)
- Inferred Mineral Resources contained within six zones all of which remain open down dip and along strike
- Cyanide bottle roll tests on seven samples from three separate zones suggest average fresh rock recoveries in excess of 90% (see Savary news release August 21, 2014)
- Geological modelling and resource estimation work was undertaken by Savary and independent consultants and is based on 194 reverse circulation and diamond drill holes totaling 23,210 metres
- Full details of the resource estimate and supporting information can be found in Savary’s News Release dated 8 October, 2015
- Complements Sarama’s Inferred Mineral Resource estimate of 1.5 Moz gold1,2 at the neighbouring South Hound Project
Sarama's President and CEO, Andrew Dinning commented:
"We are pleased that Savary has had a successful drilling season that has culminated in a Maiden Mineral Resource estimate that appears to have good tenor and simple metallurgy. This resource, when combined with the resources being defined on our neighbouring South Hound Project continues to expand the regional picture and reinforces our belief that the endowment of this area will ultimately support the development of a mine."
Savary's October 8, 2015 news release contains required information supporting the disclosure of this resource.