https://www.engineeringnews.co.za

Sarama reports higher mineral resource at Burkina Faso project

9th February 2016

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

  

Font size: - +

JOHANNESBURG (miningweekly.com) – An independent mineral resource estimate has led to a 40% improvement in the inferred mineral resource at Sarama Resources' South Houndé project, in Burkina Faso, to 2.1-million ounces

The oxide component of the inferred mineral resource increased 87% to 500 000 oz.

The study, which was undertaken by Perth-based Cube Consulting, focused solely on exploration activities conducted at Sarama’s 100%-owned Tankoro property, the key permit in the South Houndé project area.

CEO Andrew Dinning noted that the updated estimate put the project within striking distance of the critical mass required to establish a viable heap leach operation.

“We see this increase in the oxide resource as important in underpinning the project economics, providing a smaller Sarama-sized option, while we pursue a significantly larger resource that will meet [earn-in partner] Acacia Mining’s development criteria,” he added.

Sarama would spend $3.5-million on exploration this year, with a focus on new regional targets and extensional targets to move the South Houndé project to development.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Latest News

The Port of Cape Town
TNPA issues RfP for Cape Town port liquid bulk terminal
Updated 2 hours 21 minutes ago By: Schalk Burger

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.07 0.137s - 156pq - 2rq
Subscribe Now