671,000 ounces of gold found at Karankasso JV in Burkina Faso

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.