Sarama Resources continues to build a solid foundation for substantial growth in the gold resource at the Sanutura project in Burkina Faso with more near-surface mineralisation discovered outside of the existing multi-million-ounce resource. 

Drilling at the 2.5Moz Tankoro deposit hit new mineralisation in the footwall of the MC prospect as well as provided Sarama Resources (ASX:SRR) with a pipeline of several new targets to follow up in future drilling.

Importantly, these new hits made close to the existing resource have the potential to enhance open pit stripping ratios in an eventual mine development, Sarama says.

The most notable intersections featured 17m at 2 grams per tonne (g/t) gold from 29m; 23m at 1.38g/t from 15m, including 7m at 2.51g/t; and 14m at 2.16g/t from 32m, including 5m at 5.3g/t.

A number of holes also ended in mineralisation. This all bodes well for adding to the already large 2.9Moz indicated and inferred resource, with an upgrade anticipated in 2023.

“These most recent results continue to support our thesis that there is significant potential to discover major new zones between and adjacent to areas of known mineralisation and they represent the fourth such area to be discovered in the current drill program,” managing director Andrew Dinning said.

“Importantly, the drilling has intersected significant mineralisation in the lightly tested footwall of the MC prospect and presents compelling targets to add to a growing list which we are eager to follow-up in the next drill season.”

While the MC prospect has been the subject of significant historical drilling and currently hosts about 20% of the Sanutura project’s total resource, Sarama says considerable exploration potential remains as demonstrated by recent drilling.

The latest results account for about 2,200m of the much larger ongoing +50,000m drilling program primarily aimed at materially increasing the shallow oxide component, which makes up close to a million ounces of the existing pit-constrained resource.

The oxide resource currently stands at 0.2Moz in the high confidence indicated category and 0.8Moz in the inferred category.

Dinning told Stockhead recently that Sarama was targeting a potential resource increase of 10-15% from the +50,000m drill program.

Follow-up drilling, including greenfields exploration drilling, is on the agenda for the final quarter for 2022.


This article was developed in collaboration with Sarama Resources, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.