Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (15847)	4/19/2016 9:11:40 PM
From: Goose94	Respond to of 203026

SWA-V new 52 week high, 14 cents

To: Goose94 who wrote (15847)	4/28/2016 4:58:33 PM
From: Goose94	Read Replies (2) \| Respond to of 203026

Sarama Resources (SWA-V) April 18, '16 is pleased to advise that Savary Gold (SCA-V), the operator of the Karankasso Project Joint Venture between Sarama (35% interest) and Savary (65% interest), has announced the recommencement of drilling on the Karankasso Project in south-western Burkina Faso. The jointly-approved 6,500m drill program is designed to follow-up on four of the six zones that contain mineral resources and to test new targets with the aim of expanding the current mineral resource and discovering new zones. Savary management noted that initial core drilling will test both existing and new gold-mineralized systems which in their view demonstrate the best potential for both size and grade. Approximately 25% of the program will be core holes with the remainder being reverse circulation. It is expected that the drill program will take approximately six weeks to complete. Sarama's President and CEO, Andrew Dinning commented: "Sarama's interests in the 0.7Moz 3,4 Karankasso Project and the adjacent 2.1Moz 1,2 South Houndé Project, places the Company in an enviable position to participate in the next stage of development in the prolific Houndé Belt where Roxgold and Endeavour are currently constructing new mines." ABOUT SARAMA RESOURCES LTD. Sarama Resources Ltd. (TSX VENTURE: SWA) is a West African focused gold explorer with substantial landholdings in Burkina Faso. Sarama's flagship properties are situated within the Company's South Houndé Project area in south-west Burkina Faso. Located within the prolific Houndé greenstone belt, Sarama's exploration programs have built on significant early success to deliver an inferred mineral resource estimate of 2.1 Moz gold1,2. Acacia Mining plc is earning up to a 70% interest in the South Houndé Project by satisfying certain conditions, including funding earn-in expenditures of up to US$14 million, over a 4-year earn-in period and may acquire an additional 5% interest, for an aggregate 75% interest in the Project, upon declaration of a minimum mineral reserve of 1.6 million ounces of gold. Sarama is focused on consolidating under-explored landholdings in Burkina Faso and other established mining jurisdictions. Sarama holds a 35% participating interest in the Karankasso Project Joint Venture ("JV") which is situated adjacent to the Company's South Houndé Project in Burkina Faso and is a JV between Sarama and Savary Gold Corp. ("Savary"). Savary is the operator of the JV and in October 2015, declared a maiden inferred mineral resource estimate of 671,000 ounces of contained gold3,4 at the Karankasso Project JV. Incorporated in 2010, the Company's Board and management team have a proven track record in Africa and a strong history in the discovery and development of large-scale gold deposits. Sarama is well positioned to build on its current success with a sound exploration strategy across its property portfolio. 43.0 Mt @ 1.5 g/t Au (reported above cut-off grades ranging 0.3-2.2 g/t Au, reflecting the mining methods and processing flowsheets assumed to assess the liklihood of the inferred mineral resources having reasonable prospects for eventual economic extraction) The effective date of the Company's inferred mineral resource estimate is February 4, 2016. For further information regarding the mineral resource estimate please refer to the technical report titled "South Houndé Project Update, Bougouriba and Ioba Provinces, Burkina Faso," dated March 31, 2016. The technical report is available under the Sarama Resources Ltd.'s profile on SEDAR at www.sedar.com. 9.2 Mt @ 2.3 g/t Au (at a 0.5 g/t Au cut-off) The effective date of the Karankasso Project JV mineral resource estimate is October 7, 2015. For further information regarding the mineral resource estimate please refer to the technical report titled "Technical Report and Resource Estimate on the Karankasso Project, Burkina Faso," dated October 7, 2015. The technical report is available under the Savary Gold Corp's profile on SEDAR at www.sedar.com. For further information on the Company's activities, please contact: Andrew Dinning or Paul Schmiede info@saramaresources.com +61 (0) 8 9363 7600