Sarama Resources is pleased to announce the appointment of Mr. David Groves as a Non-Executive Director of Sarama. Dave has more than 30 years of experience in precious-metals exploration, resource development and business development and brings a highly complementary skill set to the board of Sarama. Most recently, Dave served as Vice President [...]
Sarama Resources is pleased to announce that on June 18, 2014 it closed the final tranche of its previously announced non-brokered private placement financing announced May 12, 2014. Including the issue of 419,999 Units in the final tranche, the Company has raised aggregate gross proceeds of approximately $2.9 million through the sale of 19,187,200 [...]
Sun Valley Gold announced today that on June 12, 2014 it acquired control and direction over 5,000,000 units of Sarama Resources on behalf of the Sun Valley Gold Master Fund, a client account over which Sun Valley has discretionary trading authority. The Units, which are beneficially owned by the Master Fund, were acquired for a subscription price [...]
Sarama Resources is pleased to announce that it has closed the non-brokered private placement financing announced May 12, 2014. The Company has raised gross proceeds of $2,815,080 through the sale of a total of 18,767,201 units and anticipates receiving additional funds to close on a further 1,419,999 units for gross proceeds of $213,000. Each unit [...]
Sarama Resources is pleased to announce that a maiden diamond drill program has commenced at its Cape Mount Gold Project in western Liberia. The Cape Mount Gold Project features a 15km-long gold trend delineated using gold-in-soil geochemical surveys and reinforced as drill targets by trenching. The initial drill targets are situated approximately [...]
VANCOUVER, May 15, 2014 /CNW/ - Sarama Resources Ltd. ("Sarama" or the "Company") is pleased to announce that it is close to finalizing a joint venture agreement with Savary Gold Corp. ("Savary") which follows a Heads of Agreement signed between the parties on March 10, 2014 (see Sarama news release dated March 11, 2014). The joint venture will [...]
VANCOUVER, May 15, 2014 /CNW/ - Sarama Resources Ltd. ("Sarama" or the "Company") is pleased to announce that it is close to finalizing a joint venture agreement with Savary Gold Corp. ("Savary") which follows a Heads of Agreement signed between the parties on March 10, 2014 (see Sarama news release dated March 11, 2014). The joint venture will [...]
Sarama Resources is pleased to announce that it is conducting a private placement to raise gross proceeds of up to $3,000,000. The Private Placement involves the issuance of up to 20,000,000 units at a price of $0.15 per Unit. Each Unit is comprised of one common share of the Company and one-half of one common share purchase warrant. Each Warrant [...]
VANCOUVER, April 7, 2014 /CNW/ - Sarama Resources Ltd. ("Sarama" or the "Company") is pleased to announce that preliminary metallurgical testing at its South Houndé Project in south-west Burkina Faso has returned excellent results, reinforcing the Company's exploration bias towards oxide and free-milling material. The combination of high gold extraction, modest reagent consumption and rapid leach kinetics demonstrate that the oxide material is amenable to heap leaching, offering a typically lower cost alternative to conventional milling which is further enhanced by the relatively high oxide mineral resource grade of 1.4g/t Au1,5. ... [...]
VANCOUVER, Jan. 30, 2014 /CNW/ - The Board of Directors of Sarama Resources Ltd. ("Sarama" or the "Company") has granted 1,415,000 options to 11 employees, directors and officers of the Company. The option grant is the result of the Company's annual compensation review and the issuance is made in accordance with the stock option plan of the [...]
VANCOUVER, Jan. 30, 2014 /CNW/ - Sarama Resources Ltd. ("Sarama" or the "Company") is pleased to announce that preliminary metallurgical testing at its flagship South Houndé Project in south-west Burkina Faso has returned encouraging results, indicating potential for heap leach processing of oxide mineralisation. Sarama is conducting the testwork to establish a range of alternatives for the development of the South Houndé Project, with the heap leach concept presenting an attractive low-cost alternative. Highlights Average gold extraction of 90.2% for oxide composite sample in intermittent bottle roll testwork1 ... [...]
