Savary Gold Corp., which oversees the Karankasso Project Joint Venture of Sarama Resources Ltd. and Savary, declared a maiden Inferred Mineral Resource estimate of 671,000 ounces of contained gold at the Karankasso Project JV in the West African nation of Burkina Faso Oct. 8.
Sarama has a 35 percent participating interest in the venture, and inferred mineral resources contained within six zones were found at the site. Cyanide bottle roll tests taken from seven samples from three separate zones indicated that an excess of 90 percent average fresh rock recoveries were located.
"We are pleased that Savary has had a successful drilling season that has culminated in a Maiden Mineral Resource estimate that appears to have good tenor and simple metallurgy," Sarama President and CEO Andrew Dinning said. "This resource, when combined with the resources being defined on our neighbouring South Houndé Project continues to expand the regional picture and reinforces our belief that the endowment of this area will ultimately support the development of a mine."
Additionally, Savary
as well as independent consultants
conducted geological modeling and resource estimation work.
The technical report is online at www.sedar.com.
More Stories
- President Barrow Commends AUF Initiative
- African Development Bank’s Dr. Adesina Appoints Ambassador Jalel Trabelsi as Special Envoy for Middle East and North Africa and Gulf Region
- Kenyan Farmers Get Fertilizer Boost with $2 million Africa Fertilizer Financing Mechanism Credit Guarantee
- ECREEE Launches a User-Friendly Website to Promote Sustainable Energy Initiatives in West Africa
- President Boakai Suspends The Board of Commissioners of the Liberia Telecommunications Authority (LTA)
- African Union and Ecowas Address Terrorism, Coups, and Extremism in Joint Consultation Meeting
- African Development Bank Executive Director and Sudanese Envoy Discuss Crucial Support Amid Ongoing Conflict
- President Barrow Welcomes Diplomats from Around the World
- President Boakai Nominates Additional Officials To Government
- Commonwealth Parliamentary Association St Helena Branch To Host 53rd British Islands And Mediterranean Region Conference