The Board of Directors of Sarama Resources Ltd. has granted 11,340,000 options to directors, officers, employees and consultants of the Company. The option grant is the result of the Company's annual compensation review. This granting of options is made in accordance with the Company's stock option plan which was approved by shareholders on [...]
Sarama Resources Ltd. is pleased to announce that it has commenced a reconnaissance drill program at the prospective Bamako 2 Property in south-western Burkina Faso . The program calls for approximately 2,000m of reverse circulation drilling over a number of high-grade quartz-gold veins that have been traced on surface for over 3km and are yet to [...]
Sarama Resources Ltd. is pleased to announce that it has renegotiated certain terms of the previously announced Termination Agreement regarding the 2014 Earn-In Agreement on the South Houndé Project in south-western Burkina Faso. Notably, the changes result in an immediate return to 100% ownership of the Project for Sarama and the reduction [...]
Sarama Resources Ltd. is pleased to announce that the Government of Burkina Faso has re-issued, to the Company, a new Exploration Permit covering the prospective Bamako 2 Property in south-western Burkina Faso. Valid for an initial 3-year term, the Permit is renewable for two additional 3-year terms, subject to regulatory conditions being met. The [...]
Sarama Resources Ltd. is pleased to announce the completion of a binding agreement for the sale of its non-core Kandiole Sud Exploration Property in West Mali to Oklo Resources Ltd. . Sarama and Oklo entered into the Agreement in April 2018 and subject to satisfaction of certain conditions precedent, Sarama was to receive cash and share-based [...]
Sarama Resources Ltd. is pleased to announce that Semafo Inc , its partner and operator in the Karankasso Project Joint Venture , announced on 16 September 2019, that the 2019 exploration budget for the Karankasso program has been set at $5 million. The program will focus on testing an extensive number of soil anomalies, many of which are located [...]
Sarama Resources Ltd. is pleased to announce that recent oxide-focussed drilling at its 100%-owned6 South Houndé Project in south-western Burkina Faso has better delineated zones of broad oxide mineralisation within the Project’s current mineral resource. Higher-grade drill intersections of 35m @ 3.29g/t Au , 7m @ 5.59/t Au and 7m [...]
Sarama Resources Ltd. is pleased to announce that recent oxide-focussed drilling at the South Houndé Project in south-western Burkina Faso has extended the strike length of drill-defined mineralisation by 2km to over 12km. This represents an approximate 20% increase to the strike length of the mineral resource and continues to illustrate the [...]
Sarama Resources Ltd. is pleased to announce that it has successfully completed an oxide focused drill program at the Company’s South Houndé Project and expects to add to the oxide component of the Project’s current 2.1Moz Au mineral resource. This program marks the resumption of management and control of the Project by Sarama and the recommencement of active exploration and development activities on the Project following a hiatus of approximately 1½ years. The exploration program was designed to increase the Project’s oxide and free-milling mineral resource base that currently totals approximately 600koz Au . The drill program totalled 7,900m of air-core drilling in 140 holes and targeted oxide mineralisation in the south of the Project and along ... [...]
Not for Distribution to a United States Newswire or for Dissemination in the United States Sarama Resources Ltd. is pleased to announce that it has closed its previously announced private placement offering of 68,949,585 common shares at a price of C$0.085 per common share for aggregate gross proceeds to the Company of C$5,860,714.73 . ASX listed [...]
