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Sarama’s Sanutura is WhyAfrica’s Pick Of The Week

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Despite another coup in Burkina Faso, mining and exploration companies continue operating in the prolific Houndé gold belt. Image credit: NARA & DVIDS Public Domain archive

Sarama’s Sanutura is WhyAfrica’s Pick Of The Week

Amidst a new political cloud in the West African state of Burkina Faso, Sarama Resources announced more positive drilling results from its Sanutura gold project.

By Leon Louw founder and editor of WhyAfrica  

Burkina Faso has a new president. Captain Ibrahim Traore, 34 years of age, was appointed president last week after a coup d’état in which Paul-Henri Damiba was removed from the top position after serving only nine months. It was the beleaguered country’s second coup in less than a year.

Soldiers loyal to Traore rallied in the streets of the capital Ouagadougou a week ago after Damiba was toppled following the decision by a group of officers to remove the incumbent. Damiba agreed to step down. According to reports he has fled to Togo.

Despite the continued turmoil and violence, mining companies and exploration projects operating in Burkina Faso, seems to be, at this stage at least, unaffected.

Sarama releases good drilling results   

Soon after the new president took office, dual listed gold exploration outfit Sarama Resources announced that exploration drilling at its 100%-owned Sanutura project has intersected new mineralisation in the footwall region of the MC Prospect.

The Sanutura project is located about 350km southwest of Ouagadougou in the prolific Houndé Belt, which is home to three operating gold mines including Endeavour Mining’s Mana and Houndé Gold Mines and Fortuna Silver’s Yaramoko Gold Mine. These mines have continued operating, despite the political instability.

The Houndé Belt is highly prospective and remains relatively underexplored, which is demonstrated by recent discoveries at Endeavour Mining’s Golden Hill Project, Kari Deposit, and 1.5million ounce (Moz) gold (Au) Bantou Deposit, which is 5km from Sarama’s multi-million-ounce Tankoro Deposit, the key deposit within the Sanutura Project.

The Sanutura Project is the company’s lead project and it is being positioned as a multi-stage, long-life, carbon in leach (CIL) mine development that would initially exploit the oxide and transition component of the mineral resource.

According to a statement by Sarama Resources, the mineralisation at the MC Prospects is located near-surface in oxide material outside the current Mineral Resource and has potential to enhance open pit stripping ratios in any eventual mine development.

Sarama’s President, CEO and MD Andrew Dinning says that Sarama intends to pursue further growth in these areas in upcoming drill programs.

“The reported drilling totals 2,200m and represents the fourth area of new mineralisation discovered in the ongoing +50,000m program, which has been designed to increase the oxide component of the project’s 0.6Moz Au (Indicated) plus 2.3Moz Au (Inferred) Mineral Resource.”

“These most recent results continue to support our thesis that there is significant potential to discover major new zones between and adjacent to areas of known mineralisation and they represent the fourth such area to be discovered in the current drill program.

Importantly, the drilling has intersected significant mineralisation in the lightly-tested footwall of the MC Prospect and presents compelling targets to add to a growing list which we are eager to follow-up in the next drill season,” Dinning adds.

The drilling program targeted certain sections of the MC Prospect over a zone extending for approximately 2.8km along strike and had multiple objectives; testing for strike and dip extensions to lodes contributing to the current Mineral Resource and follow-up of isolated and unmodelled intersections encountered in previous exploration drilling.

Leon Louw is the founder and editor of WhyAfrica. He specialises in the extraction and responsible utilisation of natural resources, the primary sector of African economies and Africa’s political economy. 

WhyAfrica reports about, and publishes newsletters, magazines and research reports about natural resources and the primary sectors of African economies, and the infrastructure, equipment and engineering methods needed to extract and utilise these resources in an efficient, responsible, sustainable, ethic and environmentally friendly way, so that it will benefit the people of Africa.

Furthermore, WhyAfrica promotes Africa as an investment and travel destination, analyses the continent’s business environment and investment opportunities, and reports on how the political economy of African countries affects its development.         

WhyAfrica provides you with business intelligence that matters. Africa is our business, and we want it to be yours too. To subscribe to WhyAfrica’s free newsletter or digital magazine, and for more news on Africa, visit the website at www.whyafrica.co.za or send a direct message. WhyAfrica launched its first ever digital magazine in November 2021.

The company will undertake its annual road trip through South Africa, Zimbabwe, Zambia, the DRC, Malawi, Tanzania and Kenya in 2023. If you are interested in sponsorship or advertising opportunities, please contact me at leon@whyafrica.co.za. We have a wide range of different packages and combo deals to give your company the greatest exposure to a rapidly growing, African readership.  

The 2022 Southern Africa Road trip issue of WhyAfrica’s magazine is now available in print. The magazine was distributed in South Africa, Namibia, Zambia, Zimbabwe, and Botswana during WhyAfrica’s 2022 Southern Africa Overland Road Trip, the company’s new and innovative platform. WhyAfrica has expanded its product range and now offers its readers, followers, advertisers, subscribers and partners the following:

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AgricultureEnvironmental Management & Climate ChangeEnergyESGInfrastructureMiningPolitical EconomyTourism and ConservationWater Management