Sarama Boosts Inferred Resource for South Hounde Project

Sarama Resources Ltd. (TSXV:SWA) announced an update to the resource estimate for its Burkina Faso-based South Hounde project.
The company has increased the oxide component of the inferred resource by 87 percent, to 0.5 million ounces of contained gold, and has upped the total inferred resource by 40 percent, to 2.1 million ounces of contained gold.
Further highlights are as follows:

• 2.1 Moz gold contained in inferred mineral resource – 43.0 Mt @ 1.5 g/t Au5
• 0.5 Moz gold3 contained within the oxide component of the inferred mineral resource
• Growth in oxide component advances the mineral resource towards the critical mass required to support development of a modest heap leach operation if preferred to a larger gold plant configuration
• Inferred mineral resource estimate includes 1.1 Moz gold @ 2.7 g/t Au6 , reflecting higher grade shoots within the mineralised system
• Mineral resources extend approximately 10.2km along strike within a lithological and structural corridor approximately 1.3km wide
• High-grade zones in the MM and MC Prospects have been locally tested down to approximately 415m below surface and represent ongoing exploration targets to delineate apparent controlling cross structures
• Preliminary metallurgical testwork demonstrates viable processing routes with resulting extractions of 85% for oxide using heap leaching, 93% for oxide using a conventional cyanidation process and 91% for fresh rock using an oxidation stage prior to cyanidation
• A US$3.5M (C$4.9M) exploration program is budgeted for 2016, focussing on new regional targets as well as extensional targets to move the project towards development

Click here to read the full Sarama Resources Ltd. (TSXV:SWA) press release.