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Sarama Resources Ltd V.SWA

Alternate Symbol(s):  SRMMF

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 Sanutura Project is located approximately 350 kilometers (km) southwest of Ouagadougou. The Project covers approximately 1,454 square kilometers (km2) of prospective greenstone terrane. The Company holds approximately 17.52% holding in Joint Venture BFI Inc., which holds the exploration and evaluation asset pertaining to the Karankasso Project in Burkina Faso. 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 Company also has an 80 % interest in the Cosmo Newbery Gold Project in Western Australia, and consists of seven contiguous exploration tenements covering approximately 580km2 in the Eastern Goldfields of Western Australia, 85km north-east of Laverton and 95km west Gruyere Gold Mine.


TSXV:SWA - Post by User

Bullboard Posts
Post by MiningBookGuyon May 05, 2016 9:28pm
93 Views
Post# 24846638

New MD&A released - new info on drilling

New MD&A released - new info on drilling

Hi All,

Just after my last post, I checked SEDAR. Realized a new MD&A was just released. The best info I found in there is copied below. I already liked that there were a bunch of a regional targets. And now we know exactly what they are.

 
"Fourth quarter 2015
 
Field activities for the quarter commenced in November. During November and December, the Company completed 3,700 metres of RC Drilling and 1,300 metres of AC drilling on the Tankoro property."
 
"Outlook
 
During the first quarter of 2016, the Company has completed a 2,100 metre AC program at the Tyikoro property, a 5,300 auger program at the Werinkera property, 1,300 metres of AC, 2,600 metres of RC and 400 metres of diamond drilling at the Tankoro property, 1000 metres of RC drilling at the Ouangoro permit and 2,700 metres of AC drilling at the Bini property.
 
The Company has diamond drilling programs planned for April and May 2016 at its Tankoro property and a 5,000 metres AC program at its Werinkera property."

MBG
Bullboard Posts