|By PR Newswire||
|April 7, 2014 10:31 AM EDT||
VANCOUVER, April 7, 2014 /PRNewswire/ - Sarama Resources Ltd. ("Sarama" or the "Company") is pleased to announce that preliminary metallurgical testing at its South Houndé Project in south-west Burkina Faso has returned excellent results, reinforcing the Company's exploration bias towards oxide and free-milling material. The combination of high gold extraction, modest reagent consumption and rapid leach kinetics demonstrate that the oxide material is amenable to heap leaching, offering a typically lower cost alternative to conventional milling which is further enhanced by the relatively high oxide mineral resource grade of 1.4g/t Au1,5.
Testwork demonstrates oxide material is amenable to heap leaching which
typically offers a lower cost alternative to conventional milling
87.2% gold extraction achieved for oxide composite sample in column
Rapid leach kinetics with 80% gold extraction after a 9-day column
Low to moderate sodium-cyanide consumption of 0.2-0.3kg/t expected for
Oxide material readily forms a stable pellet when agglomerated with
Very low column slump and high solution percolation rates indicate
potential for the 10kg/t cement dosage rate used for the agglomeration
testwork to be significantly reduced in field operations
Oxide component of the Inferred Mineral Resource at South Houndé Project
contains 298 koz of gold1,5
- Exploration work, biased towards free-milling and high-grade targets, continues at the South Houndé Project which currently hosts an Inferred Mineral Resource of 1.50Moz contained gold4
|1.||6.82 Mt @ 1.4 g/t Au for 298 koz reported above 0.4 g/t Au cut-off|
|2.||Composite samples control crushed to -25mm and agglomerated with 10kg/t cement addition prior to leaching by solution with a strength of 0.04-0.05% (w/v) NaCN in a 2m high, 200mm diameter column for a total of 40 days|
|3.||Based on column testwork and empirical observations Kappes, Cassiday & Associates Australia Pty Ltd conclude that actual NaCN consumption in commercial gold heap leaching facilities is approximately 25-40% of that measured in column testwork|
|4.||29.13 Mt @ 1.6 g/t Au for 1.50Moz reported above 0.8 g/t Au cut-off|
Preliminary Metallurgical Testwork for Oxide Heap Leaching
Preliminary metallurgical testwork to assess the amenability of oxide mineralisation to processing by heap leaching has been completed by ALS Metallurgy Pty Ltd under the supervision of Kappes, Cassiday & Associates Australia Pty Ltd ("KCAA"). The testwork is regarded as preliminary and as such, parameters and flowsheets are un-optimised. Notes outlining the testwork approach and detailed results are presented in Appendix A.
An oxide composite sample, grading 1.60g/t Au and weighing approximately 240kg, was generated from weathered quartz-feldspar-porphyry hosted mineralisation in 6 individual diamond drill half-core samples sourced from within the mineral resource. The constituent holes were selected so as to provide reasonable representivity across the MM Prospect which hosts the majority of the mineral resources at the South Houndé Project.
Column Leach Testwork
A 65kg sub-sample of -25mm sized oxide composite was agglomerated using a cement dosage rate of 10kg/t to form stable pellets prior to column leach testing with a diluted sodium-cyanide (NaCN) solution for a duration of 40 days. The column leach test is an industry-standard method used to provide an indication of leaching performance in a scaled-up heap leach in the field.
The testwork yielded a final gold extraction of 87.2% which is very encouraging, particularly when coupled with the rapid leach kinetics which saw an extraction level of 80% achieved in only 9 days (refer Figure 1). Based on the column testwork, KCAA advise a gold extraction of approximately 85% could potentially be achieved in scaled-up field operations, subject to good agglomeration and stacking practices being adopted.
Reagent consumption was measured to be low to moderate for the oxide material. The testwork determined a NaCN consumption of 0.79kg/t over the entire test period, however based on KCAA's empirical observations, this lab-based consumption is expected to translate to a consumption of in the range of 0.2-0.3kg/t NaCN for a scaled-up heap leach operation.
Percolation and slumpage tests conducted on the column after the leaching phase determined that the pellets and column were very stable. Indications are that the 10kg/t cement dosage rate selected for the test could be significantly reduced, whilst still maintaining stable pellet and heap conditions to promote good hydraulic conductivity within the heap.
Sarama's President and CEO, Andrew Dinning, commented:
"The column test leach results correlate well with our earlier intermittent bottle roll tests and we are very pleased with the high gold extraction of 87.2% that was achieved. With our relatively high oxide grade, good indicated gold recoveries and modest reagent consumptions, we view heap leaching as a simple and cost effective alternative for the treatment of oxide mineralisation at the South Houndé Project.
Sarama is continuing its exploration efforts at the South Houndé Project and we are particularly keen to add to the 298koz1,5 gold contained in the oxide portion of the Inferred Mineral Resource and to attain a critical mass for the mineral resource base. Whilst we are maintaining a bias towards oxide material, we are also focused on identifying more free-milling and high-grade targets."
For further information on the Company's activities, please contact:
Andrew Dinning or Paul Schmiede
e: [email protected]
t: +61 (0) 8 9363 7600
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Sarama Resources Ltd
Sarama Resources Ltd (TSX-V: SWA) is a West African focused gold explorer with substantial landholdings in Burkina Faso, Liberia and Mali.
Sarama's flagship properties are situated within the Company's South Houndé Project area in south-west Burkina Faso. Located within the prolific Houndé greenstone belt, Sarama's exploration programs have built on significant early success to deliver a maiden Inferred Mineral Resource estimate of 1.5 Moz gold4,5. Outside of Burkina Faso, Sarama is focused on consolidating a number of under-explored landholdings in other emerging and established mining jurisdictions.
Incorporated in 2010, the Company's Board and management team have a proven track record in Africa and a strong history in the discovery and development of large-scale gold deposits. Sarama is well positioned to build on its current success with a strong financial position and a sound exploration strategy across its property portfolio.
|5.||The effective date of the Company's Mineral Resource estimate is September 16, 2013. For further information regarding the Mineral Resource estimate please refer to the technical report titled "NI 43-101 Independent Technical Report, South Houndé Project, Bougouriba and Ioba Provinces, Burkina Faso", dated October 28, 2013. The technical report is available under the Company's profile on SEDAR at www.sedar.com.|
Caution Regarding Forward Looking Statements
Information in this news release that is not a statement of historical fact constitutes forward-looking information. Such forward-looking information includes statements regarding the Company's potential development plans for South Houndé Project using an oxide heap leach operation and expectations that this would provide a low operating and capital cost development, future exploration program and the Mineral Resource estimate. Actual results, performance or achievements of the Company may vary from the results suggested by such forward-looking statements due to known and unknown risks, uncertainties and other factors. Such factors include, among others, that the business of exploration for gold and other precious minerals involves a high degree of risk and is highly speculative in nature; Mineral Resources are not Mineral Reserves, they do not have demonstrated economic viability, and there is no certainty that they can be upgraded to Mineral Reserves through continued exploration; few properties that are explored are ultimately developed into producing mines; geological factors; the actual results of current and future exploration; changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's publicly filed documents.
There can be no assurance that any mineralisation that is discovered will be proven to be economic, or that future required regulatory licensing or approvals will be obtained. However, the Company believes that the assumptions and expectations reflected in the forward-looking information are reasonable. Assumptions have been made regarding, among other things, the Company's ability to carry on its exploration activities, the sufficiency of funding, the timely receipt of required approvals, the price of gold and other precious metals, that the Company will not be affected by adverse political events, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain further financing as and when required and on reasonable terms. Readers should not place undue reliance on forward-looking information.
Sarama does not undertake to update any forward-looking information, except as required by applicable laws.
Qualified Person's Statement
Scientific or technical information in this news release that relates to metallurgical testwork and mineral processing for oxide mineralisation is based on information compiled or approved by Randall Pyper. Randall Pyper is an employee of Kappes, Cassiday & Associates Australia Pty Ltd and is considered to be independent of Sarama Resources Ltd. Randall Pyper has verified the data underlying the information in this news release pertaining to the metallurgical testwork completed on the Company's behalf. The verification was conducted by Randall Pyper through a review of relevant lab results provided directly by the engaged laboratory. Randall Pyper is a Fellow in good standing of the Australasian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the commodity, style of mineralisation under consideration and activity which he is undertaking to qualify as a Qualified Person under National Instrument 43-101. Randall Pyper consents to the inclusion in this news release of the information, in the form and context in which it appears.
Scientific or technical information in this news release that relates to the preparation of the Company's mineral resource estimate is based on information compiled or approved by Adrian Shepherd. Adrian Shepherd is an employee of Cube Consulting Pty Ltd and is considered to be independent of Sarama Resources Ltd. Adrian Shepherd is a chartered professional member in good standing of the Australasian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the commodity, style of mineralisation under consideration and activity which he is undertaking to qualify as a Qualified Person under National Instrument 43-101. Adrian Shepherd consents to the inclusion in this news release of the information, in the form and context in which it appears.
SOURCE Sarama Resources Limited
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
Dec. 9, 2016 09:45 PM EST Reads: 2,000
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 9, 2016 09:30 PM EST Reads: 1,277
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
Dec. 9, 2016 08:00 PM EST Reads: 1,016
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, discussed recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model for ...
Dec. 9, 2016 07:45 PM EST Reads: 711
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effici...
Dec. 9, 2016 06:45 PM EST Reads: 5,142
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
Dec. 9, 2016 06:15 PM EST Reads: 1,763
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
Dec. 9, 2016 05:30 PM EST Reads: 2,367
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lead...
Dec. 9, 2016 05:30 PM EST Reads: 479
"MathFreeOn.com is a line coding platform for engineers and scientists. When they want to solve an engineering problem and they have to use software - they have to pay a lot of money for licenses - but with MathFreeOn you don't have to pay a lot of money. Just go to our site and write the code and you can check the result right away," explained Simon Lee, CMO of MathFreeOn, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Cla...
Dec. 9, 2016 05:15 PM EST Reads: 410
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
Dec. 9, 2016 05:15 PM EST Reads: 1,887
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Dec. 9, 2016 05:15 PM EST Reads: 1,468
In his session at 19th Cloud Expo, Claude Remillard, Principal Program Manager in Developer Division at Microsoft, contrasted how his team used config as code and immutable patterns for continuous delivery of microservices and apps to the cloud. He showed how the immutable patterns helps developers do away with most of the complexity of config as code-enabling scenarios such as rollback, zero downtime upgrades with far greater simplicity. He also demoed building immutable pipelines in the cloud ...
Dec. 9, 2016 05:00 PM EST Reads: 2,071
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
Dec. 9, 2016 04:45 PM EST Reads: 1,868
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Dec. 9, 2016 04:45 PM EST Reads: 1,313
In his session at Cloud Expo, Robert Cohen, an economist and senior fellow at the Economic Strategy Institute, provideed economic scenarios that describe how the rapid adoption of software-defined everything including cloud services, SDDC and open networking will change GDP, industry growth, productivity and jobs. This session also included a drill down for several industries such as finance, social media, cloud service providers and pharmaceuticals.
Dec. 9, 2016 03:45 PM EST Reads: 605