Sarama Resources Ltd (ASX:SRR, TSXV:SWA) has confirmed the presence of high-grade mineralization within the central area of the Tankoro Deposit in Burkina Faso, with new downhole intersections from recent drilling including 23m @4.26g/t Au, 18m @3.63g/t Au and 11m @4.33g/t Au being returned.
Notably, the new results confirm the presence of a high-grade mineralization within the central area of the Tankoro Deposit. This area accounts for approximately 80% of the Mineral Resource for the deposit and is currently the economic focal point of the Project.
The reported drilling totals approximately 5,400m and reflects the balance of unreported assays of a multi-purpose drill programme completed in H2 2022 which was primarily focussed on testing for new, near-surface mineralization within the Tankoro Deposit. The successful programme has delivered numerous high-grade discoveries which are anticipated to grow the oxide component of the Project’s 0.6Moz Au (Indicated) plus 2.3Moz Au (Inferred) mining shape constrained Mineral Resource.
“We are excited that we continue to make new, near-surface discoveries and extend areas outside of the modelled mineralization,” President, CEO and MD, Andrew Dinning, said.
“The central area of the Tankoro Deposit hosts almost 80% of its contained metal and remains the economic focus of the Project and the drill results received from the 20,000m of drilling completed in the current campaign support management’s view that abundant exploration potential remains.
“We have made multiple new high- grade discoveries proximal to but outside of the Mineral Resource and also developed a new exploration target model reminiscent of Endeavour Mining’s flat, high-grade Kari Pump Deposit which lies 80km away.
“The recent discoveries are expected to add to the current Mineral Resource which we plan to update after the completion and follow up of the current +50,000m programme, a majority of which is shallow, cost-effective Air Core drilling.”
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