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02/11/14 - C$0.24
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sarama resources ltd (SWA) Details

Sarama Resources Limited, an exploration stage company, is engaged in the exploration and development of gold deposits in west Africa. As of March 31, 2014, the company had exploration landholdings consisting of in 2,867 square kilometers in Burkina Faso, 883 square kilometers in Liberia, and 146 square kilometers in Mali. Its principal property is the South Houndé Project that covers an area of approximately 1,000 square kilometers and is located in south-west Burkina Faso. The company was founded in 2010 and is based in Subiaco, Australia.

Founded in 2010

sarama resources ltd (SWA) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $265.4K
Founder and Vice President of Exploration
Total Annual Compensation: $218.5K
Chief Financial Officer and Secretary
Total Annual Compensation: $217.1K
Vice President of Corporate Development
Total Annual Compensation: $217.1K
Compensation as of Fiscal Year 2013.

sarama resources ltd (SWA) Key Developments

Savary Gold Corp. and Sarama Resources Limited Announce Assay Results from Field Program on the Karankasso JV Project in Southwestern Burkina Faso

Savary Gold Corp. and Sarama Resources Ltd. announced new grab sample assay results from a recently completed field program on the Karankasso JV Project in southwestern Burkina Faso. The 750 square kilometre Karankasso property is a 65/35 joint venture with Savary as operator. Recognition of numerous, new gold occurrences over a wider than previously realized area, ranging from five to eight kilometres wide, and that likely extends for the length of the concession package, a distance of approximately 45 km. In addition to the dominant trends of gold mineralization, numerous gold-bearing sub-structures have been indentified between the larger scale structures. Discovery of several new zones of felsic intrusion hosted gold mineralization along the Sera W and Karan mineralization trends proximal to the western margin of the Hounde Belt. one zone, that intersects the highway, returning grab samples of quartz veined felsic intrusion that returned 2.11 and 1.92 g/t Au from two historic mining areas 430 metres by up to 40 metres wide and 470 metres by up to 50 metres wide, respectively. Discovery of the Koure Trend mineralization - samples from different mineralized artisanal mining zones along a 3.8 km strike returned values of 24.8 g/t Au, 28.25 g/t Au and 1.25 g/t Au. This trend has never been drill tested and contains the visually strongest gold-bearing mineralization on the property. Discovery of several untested artisanal mining zones, with widths ranging up to 35 metres wide, located 900 metres south of the recently reported Kueredougou West zone. Identification of likely structural controls for gold mineralization in the Serakoro 1 West zone where previous drilling returned 3.7 g/t Au over 27.0 metres and high gold values in an altered felsic intrusion returned up to 23.4 g/t Au from outside the drill tested area. Discovery of a new zone of intensive artisanal mining in the northwest corner of the Serakoro 1 property that returned an assay of 13.5 g/t Au. Discovery of the untested, up to 35 metres wide, Kuere West trend that can be traced for 8.2 kilometres via a series of artisanal mining areas. Samples from this trend returned up to 2.86 g/t Au.

Sarama Resources Ltd. Appoints Dr. Glen Masterman as Non-Executive Director

Sarama Resources Ltd. announced appointment of Dr. Glen Masterman as a Non-Executive Director of Sarama. Most recently, Glen served as Senior Vice-President, Exploration for Kinross Gold Corporation (Kinross).

Savary Gold Corp. and Sarama Resources Ltd. Announce Joint Venture Arrangement to Create Exploration Project in the Prolific Hounde Gold Belt in Southwest Burkina Faso

Savary Gold Corp. and Sarama Resources Ltd. announced that they have finalized the terms of a Joint Venture arrangement which will unify the operatorship of Savary's Houndé South property and Sarama's Serakoro 1 property. Closing of the JV arrangement is subject to the satisfaction of certain conditions by each of Savary and Sarama. The proposed JV company will control a 750 square kilometre property in the highly prospective Houndé belt that will be 65% owned by Savary and 35% owned by Sarama, with Savary acting as the operator.


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