Sarama increases gold resources 20% at the Sanutura project in Burkina Faso
(Kitco News) - Sarama Resources (TSX-V:SWA) today announced a significant increase in the mineral resources for its 100%-owned Sanutura gold project in south-west Burkina Faso.
According to the company's statement, the updated mineral resource estimate stands at 0.6Moz @ 1.9g/t Au (Indicated) plus 2.3Moz @ 1.4g/t Au (Inferred) (pit shell and underground blockout constrained), which is approximately a 20% increase over the previous mineral resource.
Importantly, there is a significant amount of higher-grade material contained within the resource including 0.5Moz @ 2.5g/t Au (Indicated) plus 1.8Moz Au @ 1.9g/t Au (Inferred) (1 g/t Au cut-off), the company added.
The combined oxide and transition component of the mineral resource now totals 0.2Moz Au (Indicated) plus 0.8Moz Au (Inferred) and the Bondi deposit mineral resource stands at 0.5Moz @ 1.5g/t Au with approximately 70% of the defined mineral resource situated within 80m from surface, Sarama pointed out.
In addition, the company said that the overall increase in the oxide and free-milling component to 0.2Moz Au (Indicated) plus 1.1Moz Au (Inferred) has a material impact on the project development picture and that the company's next key step will be to pursue the compelling exploration targets we have identified across the project.
"These targets, when combined with the current mineral resources, give us an exploration target in excess of 3-3.5 million ounces of gold," Sarama noted in a press-release.
By Vladimir BasovFor Kitco News
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