Sarama re-starts exploration at South Houndé

2019-06-24T09:40:37+00:00 June 24th, 2019|News|

Drilling is underway again at Sarama Resources’ South Houndé gold project in Burkina Faso after a hiatus of more than 18 months.

Exploration activities at South Houndé came to a halt when Acacia Mining took over the operations, following a earn-in agreement signed between the two companies. However, Acacia terminated the agreement in November last year, which means that Sarama regained full ownership of the project.

According to Andrew Dinning, president and CEO of Sarama, the company will now proceed with its plans to consolidate South Houndé with its adjacent 100%-owned ThreeBee project.

Sarama plans to complete about 7 000m of air-core drilling which will focus on oxide targets in the south of the project area. These targets are immediately along strike from the existing mineral resource.

Dinning says that the programme’s objective is to increase the current oxide and free-milling mineral resource base of 600koz Au (out of a total mineral resource of 2.1Moz Au) to support and enhance the company’s plans for a low capital intensity, high return project development.