News Releases

Sarama Resources To Regain 100% Ownership Of South Hounde Project In South-West Burkina Faso

Sarama Extends Strike Length of New Discovery on The Djarkadougou Property

Sarama Resources Announces Receipt Of Consideration For Sale Of Kandiole Sud Property In West Mali

Sarama Resources Announces Sale Of Kandiole Sud Exploration Property In West Mali To Oklo Resources

The Karankasso Project

The Karankasso Project is a joint venture between Savary Gold Corp (the operator) and Sarama Resources.

Sarama holds a 31% interest in the Project, which covers approximately 750km2 of highly prospective ground including a 50 km long exploration corridor defined by soil anomalies and artisanal workings.

The Project is situated adjacent to Sarama’s South Houndé Project and with its ongoing exploration success continues to support our belief that a mine will be developed within this project area.

Project Highlights

  • Maiden Inferred Mineral Resource* of 9.2 Mt @ 2.3 g/t Au at a 0.5 g/t gold cut-off
  • Property is situated within an emerging gold camp approx. 130 km southwest of SEMAFO’s Mana Mine, Roxgold’s Yaramoko Mine and 60 km south of Endeavour’s Houndé mine development
  • Multiple targets yet to be tested within several newly discovered gold-bearing trends
  • Regional scale mineralizing system 5 - 8 km wide x 45 km long
  • Drilling and prospecting has resulted in the discovery of in excess of 50 gold occurrences with samples or drill intercepts containing more than 1 g/t Au
  • Well developed alteration system with higher-grade intercepts up to 41m @ 3.33 g/t Au
  • Exploration data indicates good potential to extend all zones with further drilling

Further project and geological information can be found in the NI 43-101 Resource Estimate for the Karankasso JV Gold Project, filed by Savary Gold in November 2015.

*Mineral Resource Estimate effective at October 7, 2015