Sarama Resources Limited (ASX:SRR)
Sarama Resources Limited (ASX:SRR) is a West African gold explorer and developer focused on building a new mining district in Burkina Faso.
Sarama owns the Sanutura Project, located southwest of Ouagadougou. The project is prospective for greenstone terrane, hosts a growing resource including two major gold deposits and is Saramas lead project which is progressing towards development.
The Sanutura Projects multi-million-ounce mineral resource will underwrite a long life, multi-faceted CIL mine development and recent exploration success has added significant value to the project.
The Company has established a second promising exploration play, the Koumandara Project, in the Banfora Belt. Sarama considers this area highly prospective, and early-stage exploration has defined several corridors of gold anomalism that extend up to 40km in length.
The company also holds a significant interest in the Karankasso Project JV which is proximal to the Sanutura Project and remains part of Saramas regional portfolio mix.