Welcome!

News Feed Item

Sarama Resources Intersects High-Grade Gold Mineralisation at the South Hounde Project in Burkina Faso

VANCOUVER, BC --(Marketwired - June 19, 2017) - Sarama Resources Ltd. ("Sarama" or the "Company") (TSX VENTURE: SWA) is pleased to announce that high-grade gold mineralisation has been intersected in an ongoing extensional diamond drilling program at the South Houndé Project (the "Project") in south-western Burkina Faso.

The program was designed to test depth and strike extensions to high-grade shoots within known mineral resources and forms part of an ongoing, multi-faceted exploration program aimed at increasing the Project's 2.1Moz gold1 inferred mineral resource to support open pit mine development and investigate the potential for underground mining.

Highlights

  • Diamond drilling intersected exceptionally high-grade mineralisation, including an interval assaying 0.5m @ 112.3g/t Au, in the MC Deposit at the South Houndé Project.
  • Drilling targeted several discrete and high-grade shoots within the mineral resource to test for strike and depth extensions with a view to assessing underground mining potential.
  • Results continue to demonstrate the significant scale of the mineralised system at the South Houndé Project, with drill-defined mineralisation extending continuously from surface to a vertical depth of approximately 550m.
  • Drilling at the MM Deposit is anticipated to result in the extension of the mineral resource of approximately 200m down-dip in the areas proximal to high-grade shoots.
  • Drilling at the MC Deposit is anticipated to result in an approximate 150m strike extension of mineralisation around higher-grade shoots.
  • Program comprised of 11 holes for 1,300m reverse-circulation ("RC") and 4,500m diamond drilling (or "DDH") with highlighted downhole intersections including (see Appendices A & B for full details):
MC Deposit                                                                  
 FRC1076RE1    6.0m @ 12.15 g/t Au from       including 2.6m @ 27.03 g/t Au 
  (DDH)        231.0m                         from 231.6m                   
                                                                            
                                              with 0.5m @ 112.3 g/t Aufrom  
                                              232.2m                        
               6.7m @ 3.85 g/t Au from 240.8m including 3.9m @ 6.22 g/t Au  
                                              from 243.1m                   
 FRC1075RE1    6.8m @ 6.83 g/t Au from 173.2m including 2.0m @ 18.76 g/t Au 
  (DDH)                                       from 177.5m                   
                                                                            
MM Deposit (southern area extensions)                                       
 FRC1070RE1    11.3m @ 3.50 g/t Au from       including 6.5m @ 5.03 g/t Au  
  (DDH)        397.5m                         from 397.5m                   
                                                                            
MM Deposit (northern area extensions)                                       
 FRC1071RE1    5.6m @ 2.65 g/t Au from 511.6m including 1.5m @ 8.70 g/t Au  
  (DDH)                                       from 513.1m                   
 FRC1072RE1    4.2m @ 2.82 g/t Au from 532.7m including 1.1m @ 7.83 g/t Au  
  (DDH)                                       from 535.2m                   
               3.4m @ 5.25 g/t Au from 603.3m                               
  • USD$4.0M (CAD$5.4M) exploration program, funded by Acacia Mining plc, is budgeted for 2017 including geochemical and geophysical surveys and drill programs.
MC Deposit                                                                  
                                                                            
----------------------------------------------------------------------------

A 3-hole program, consisting of 300m RC (pre-collars) and 1,000m diamond drilling was undertaken to test for strike and depth extensions of the mineral resource, proximal to high-grade mineralisation hosted in several different lode orientations. Of principal interest was a high-grade oblique lode represented by the intersection of mineralised, north-north-east ("NNE") trending porphyry dykes and associated bounding sedimentary rocks, with a mineralised, north-east trending zone of cross faulting.

The drilling encountered several discrete mineralised lodes, assembled in a package of parallel lodes which is consistent with existing interpretations. Mineralisation was observed to be hosted in both porphyry dykes and in zones of altered sediments which are likely associated with NNE-trending structural features and generally featured high sulphide content, auguring well for elevated gold grades.

Of note was the intersection of 0.5m @ 112.3g/t Au from 232.2m in FRC1076RE1. The intersection represents the highest grade encountered in the Project to date and is interpreted to be intimately associated with the intersection of secondary oblique structural features with the predominant NNE-trending mineralisation to create an enrichment zone.

The drilling supports the expansion of the interpreted lodes by approximately 150m along strike, with depth extensions of up to 200m in several lodes also inferred.

Full results of the program are included in Appendix A, with highlighted intersections of:

FRC1076RE1 (DDH)    6.0m @ 12.15 g/t Au from 231.0m, including 2.6m @ 27.03 
                    g/t Au from 231.6m,                                     
                         which includes 0.5m @ 112.3 g/t Au from 232.2m; and
                    6.7m @ 3.85 g/t Au from 240.8m, including 3.9m @ 6.22   
                    g/t Au from 243.1m                                      
FRC1075RE1 (DDH)    6.8m @ 6.83 g/t Au from 173.2m, including 2.0m @ 18.76  
                    g/t Au from 177.5m                                      

Drilling in the area is ongoing, with planned holes building on observations from this recent drilling to better predict the intersection zones of the two dominant orientations of structural features.

MM Deposit                                                                  
                                                                            
----------------------------------------------------------------------------

The 4.3km-long MM Deposit hosts the bulk of the Project's 2.1Moz gold1 inferred mineral resource and features several near-surface, higher-grade shoots which extend to depth and have potential for exploitation by underground mining.

An 8-hole program, consisting of 1,000m RC (pre-collars) and 3,500m diamond drilling was undertaken to principally test for strike and depth extensions in two of the high-grade shoots within the mineral resource. Several infill holes were also drilled into the existing mineral resource to better understand the controls of the higher-grade mineralisation to assist in targeting of the step-out holes.

Observations from the recent drilling support the hypothesis that two generalised periods of gold mineralisation are present on the basis of alteration, structural orientation and sulphide content. The higher-grade shoots targeted by the drilling are understood to be produced by the intersection of late-stage cross-cutting gold mineralisation, characterised by a zonal distribution of albite-silica alteration and the presence of lenses and stringers of sulphides, with the earlier and more spatially extensive NNE-striking mineralised lodes that are generally hosted by porphyry dykes, but with instances of sediment-hosted mineralisation associated with structural features aligned with this trend.

The recent drilling encountered various styles of mineralisation presenting as a series of parallel lodes, consistent with expectations and yielded gold grades which have the potential for exploitation by underground mining. It is anticipated that the step-out drilling will support extension of the mineral resource by approximately 200m down-dip in the two high-grade shoot areas tested. A 250m extension to the strike of modelled mineralisation in one of the areas is also indicated by the recent drilling.

These anticipated extensions to the mineral resource reinforce the scale of the mineralised system at the South Houndé Project, which now is interpreted to extend to a vertical depth of 550m. When considered in the context of the 10.3km-long drill-defined 'footprint' of the mineral resource, significant depth potential is clearly evident.

Full results of the program are included in Appendix B, with highlighted intersections of:

FRC1070RE1 (DDH)    11.3m @ 3.50 g/t Au from 397.5m, including 6.5m @ 5.03  
                    g/t Au from 397.5m; and                                 
                    17.3m @ 1.52g/t Au from 427.0m, including 5.1m @ 3.31g/t
                    Au from 429.5m                                          
FRC1071RE1 (DDH)    5.6m @ 2.65 g/t Au from 511.6m, including 1.5m @ 8.70   
                    g/t Au from 513.1m                                      
FRC1072RE1 (DDH)    4.2m @ 2.82 g/t Au from 532.7m, including 1.1m @ 7.83   
                    g/t Au from 535.2m; and                                 
                    3.4m @ 5.25 g/t Au from 603.3m                          
Drilling is ongoing and will continue to test for depth and strike          
extensions to other higher-grade shoots located along the strike of the MM  
Deposit.                                                                    
                                                                            
----------------------------------------------------------------------------

Sarama's President and CEO, Andrew Dinning, commented:

"The shift in focus, for the near-resource portion of the exploration program, from extending near surface mineralisation to improving our understanding of the fabric and vertical extent of the system has immediately delivered results.

The deeper, high-grade intersections we are seeing broadens our development options to include underground mining. Although drill testing is limited, it has shown that we have continuity and economically significant grades at depth.

These drill results reinforce our belief that the South Houndé Project has the potential to be an open pit and underground mining complex, particularly when Sarama's highly accretive Bondi Deposit and recently acquired Botoro Property are included in the equation. Sarama remains positioned to play a key role in the development of the southern part of the Houndé Belt."

ABOUT SARAMA RESOURCES LTD

Sarama Resources Ltd (TSX VENTURE: SWA) is a West African focused gold explorer with substantial landholdings in Burkina Faso. Sarama is focused on consolidating under-explored landholdings in Burkina Faso and other established mining jurisdictions.

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 an inferred mineral resource estimate of 2.1 Moz gold1. Acacia Mining plc is earning up to a 70% interest in the South Houndé Project by satisfying certain conditions, including funding earn-in expenditures of up to US$14 million, over a 4-year earn-in period and may acquire an additional 5% interest, for an aggregate 75% interest in the Project, upon declaration of a minimum mineral reserve of 1.6 million ounces of gold. Acacia has satisfied certain milestones and currently holds a 50% interest in the South Houndé Project and is continuing to sole fund exploration activities.

Sarama holds a 31% participating interest in the Karankasso Project Joint Venture ("JV") which is situated adjacent to the Company's South Houndé Project in Burkina Faso and is a JV between Sarama and Savary Gold Corp. ("Savary"). Savary is the operator of the JV and in October 2015, declared a maiden inferred mineral resource estimate of 671,000 ounces of contained gold2 at the Karankasso Project JV.

Sarama has also agreed to acquire4 a 100% interest in the Bondi Deposit from Orezone Gold Corporation (refer news release May 24, 2016). Bondi has a historical estimate of mineral resources of 0.3Moz Au (measured and indicated) and 0.1Moz Au (inferred)3.

Together, the South Houndé Project, Bondi Deposit and the Karankasso Project form a cluster of advanced gold deposits, within trucking distance of one another, which potentially offers a development option for a multi-source fed central processing facility in the southern Houndé Belt region of Burkina Faso.

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 sound exploration strategy across its property portfolio.

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 plans for drilling and geochemical and geophysical surveys at the South Houndé Project, the Earn-In Agreement with Acacia, including the amounts that may be spent on exploration and interests in the South Houndé Project that may be earned by Acacia upon making certain expenditures and estimating a minimum reserve, the potential to expand the present oxide component of the Company's existing estimated mineral resources, and future exploration plans.

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, Acacia's continued funding of exploration activities, 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.

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.

FOOTNOTES

1. South Houndé Project -- 43.0 Mt @ 1.5 g/t Au (reported above cut-off grades ranging 0.3-2.2 g/t Au, reflecting the mining methods and processing flowsheets assumed to assess the likelihood of the inferred mineral resources having reasonable prospects for eventual economic extraction). The effective date of the Company's inferred mineral resource estimate is February 4, 2016. For further information regarding the mineral resource estimate please refer to the technical report titled "NI 43-101 Independent Technical Report South Houndé Project Update, Bougouriba and Ioba Provinces, Burkina Faso", dated March 31, 2016. The technical report is available under Sarama Resources Ltd.'s profile on SEDAR at www.sedar.com.

2. Karankasso Project -- 9.2 Mt @ 2.3 g/t Au (at a 0.5 g/t Au cut-off). The effective date of the Karankasso Project JV mineral resource estimate is October 7, 2015. For further information regarding the mineral resource estimate please refer to the technical report titled "Technical Report and Resource Estimate on the Karankasso Project, Burkina Faso", dated October 7, 2015. The technical report is available under Savary Gold Corp's profile on SEDAR at www.sedar.com. Sarama has not independently verified Savary's mineral resource estimate and takes no responsibility for its accuracy. Savary is the operator of the Karankasso Project JV and Sarama is relying on their Qualified Persons' assurance of the validity of the mineral resource estimate.

3. Bondi Deposit -- 4.1Mt @ 2.1g/t Au for 282,000 oz Au (measured and indicated) and 2.5Mt @ 1.8g/t Au for 149,700 oz Au (inferred), reported at a 0.5 g/t Au cut-off.

i. The historical estimate of the Bondi Deposit reflects a mineral resource estimate compiled by Orezone Gold Corporation ("Orezone") which has an effective date of February 20, 2009. The historical estimate is contained in a technical report titled "Technical Report on the Mineral Resource of the Bondigui Gold Project", dated date of February 20, 2009 (the "Bondi Technical Report") and is available under the profile of Orezone on SEDAR at www.sedar.com.
ii. Sarama believes that the historical estimate is relevant to investors' understanding of the property, as it reflects the most recent technical work undertaken in respect of the Bondi Deposit.
iii. The historical estimate was informed by 886 drillholes, assayed for gold by cyanidation methods, were used to interpret mineralised envelopes and geological zones over the area of the historical estimate. Gold grade interpolation was undertaken using ID² methodology based on input parameters derived from geostatistical and geological analyses assessments. Field measurements and geological logging of drillholes were used to determine weathering boundaries and bulk densities for modelled blocks.
iv. The historical estimate uses the mineral resource reporting categories required under National Instrument 43-101.
v. No more recent estimates of the mineral resource or other data are available.
vi. Sarama is currently undertaking the necessary verification work in the field and on the desktop that may support the future reclassification of the historical estimate to a mineral resource.
vii. A qualified person engaged by Sarama has not undertaken sufficient work to verify the historical estimate as a current mineral resource and Sarama is therefore not treating the historical estimate as a current mineral resource.

4. Upon closing of the purchase agreement for the Bondi Deposit, Sarama will have 100% interest in Djarkadougou Property which hosts the Bondi Deposit.

NOTES -- DRILLING

Drilling results are quoted as downhole intersections. True widths of mineralisation are estimated to be approximately 70% to 80% of reported downhole intersection lengths, except as otherwise noted. The orientation of some of the mineralised units is not yet well understood.

The reported composites for the drilling were determined using a cut-off grade of 0.30g/t Au to select significant and anomalous intersections, with a maximum of 2m internal dilution being incorporated into the composite where appropriate. No top-cuts were applied to assay grades. Isolated mineralised intersections less than 2m in length have not been reported.

Gold assays for the drilling were undertaken by the Bigs Global laboratories in Ouagadougou, Burkina Faso. Assays are determined by fire assay methods using a 50 gram charge, lead collection and an AAS finish with lower detection limits of 0.005g/t Au (Bigs Global).

The drilling was generally designed using a range of azimuths, according to program aims and mineralization orientation, dipping at approximately -55-60° and were of variable length. Holes were spaced at various intervals according to targeting intent. RC holes where sampled, were sampled at regular 1m downhole intervals. All diamond holes were sampled according to geological intervals but were generally < 1m.

Intersection oxidation state classification is based on visual logging of the drillholes.

Sarama undertakes geological sampling and assays in accordance with its quality assurance/quality control program which includes the use of certified reference materials for AC, RC and diamond drilling as well as field duplicates in the case of AC and RC drilling.

For further information regarding the Company's QAQC protocols please refer to the technical report titled "NI 43-101 Independent Technical Report, South Houndé Project Update, Bougouriba and Ioba Provinces, Burkina Faso", dated March 31, 2016. The technical report is available under the Company's profile on SEDAR at www.sedar.com.

QUALIFIED PERSONS' STATEMENT

Scientific or technical information in this news release that relates to the Company's exploration activities in Burkina Faso is based on information compiled or approved by Guy Scherrer. Guy Scherrer is an employee of Sarama Resources Ltd and is a member in good standing of the Ordre des Géologues du Québec 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. Guy Scherrer consents to the inclusion in this report 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.

Scientific or technical information in this news release, in respect of the Bondi Deposit relating to mineral resource and exploration information drawn from the Technical Report prepared for Orezone on that deposit has been approved by Guy Scherrer. Guy Scherrer is an employee of Sarama Resources Ltd and is a member in good standing of the Ordre des Géologues du Québec 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. Guy Scherrer consents to the inclusion in this report 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 Karankasso Project's mineral resource estimate is based on information compiled or approved by Eugene Puritch and Antoine Yassa. Eugene Puritch and Antoine Yassa are employees of P&E Mining Consultants Inc. and are considered to be independent of Savary Gold Corp. and Sarama Resources Ltd. Antoine Yassa is a member in good standing of the Ordre des Géologues du Québec and Eugene Puritch is a member in good standing of Professional Engineers Ontario. Eugene Puritch and Antoine Yassa have sufficient experience which is relevant to the commodity, style of mineralisation under consideration and activity which they are undertaking to qualify as a Qualified Person under National Instrument 43-101. Eugene Puritch and Antoine Yassa consent to the inclusion in this news release of the information, in the form and context in which it appears. Sarama has not independently verified Savary's mineral resource estimate and takes no responsibility for its accuracy.

APPENDIX A - MC DEPOSIT DRILLING                                      
----------------------------------------------------------------------
  Location               Hole                 Downhole                
 (Prospect)  Hole ID    Type                Intersection              
----------------------------------------------------------------------
 MC Deposit   FRC1075     RC        no significant intersections      
           (pre-collar)                                               
                                                                      
            FRC1075RE1   DDH             6.8m @ 6.83 g/t Au           
                                     including 2m @ 18.76 g/t Au      
                                         3.4m @ 8.17 g/t Au           
                                         3.3m @ 0.90 g/t Au           
                                         3.9m @ 0.94 g/t Au           
                                         9.7m @ 0.77 g/t Au           
                                     including 2m @ 2.08 g/t Au       
                                                                      
              FRC1076     RC             2.0m @ 0.69 g/t Au           
           (pre-collar)                  4.8m @ 0.94 g/t Au           
                                                                      
            FRC1076RE1   DDH             6.0m @ 12.15 g/t Au          
                                    including 2.6m @ 27.03 g/t Au     
                                         6.7m @ 3.85 g/t Au           
                                    including 3.9m @ 6.22 g/t Au      
                                         6.7m @ 2.11 g/t Au           
                                    including 3.9m @ 3.12 g/t Au      
                                         9.1m @ 2.56 g/t Au           
                                    including 4.5m @ 3.82 g/t Au      
                                         5.8m @ 1.15 g/t Au           
                                         12.5m @ 1.49 g/t Au          
                                    including 3.1m @ 2.86 g/t Au      
                                         5.0m @ 1.05 g/t Au           
                                         3.1m @ 0.96 g/t Au           
                                         3.3m @ 0.75 g/t Au           
                                                                      
              FRC1077     RC                 not sampled              
           (pre-collar)                                               
                                                                      
            FRC1077RE1   DDH             5.0m @ 0.60 g/t Au           
                                         3.4m @ 0.95 g/t Au           
                                         3.0m @ 2.74 g/t Au           
                                                                      
----------------------------------------------------------------------
                                                                      
APPENDIX A - MC DEPOSIT DRILLING                                          
--------------------------------------------------------------------------
                Intersection       Depth   Depth    Dip    Azimuth   Hole 
  Location        Material          From     To  ( degrees( degrees Length
 (Prospect)         Type            (m)     (m)      )        )      (m)  
--------------------------------------------------------------------------
 MC Deposit           -              0      80.7    -56      144     80.7 
                                                                          
                                                                          
                 100% Fresh        173.2   180.0    -56      144    316.0 
             from 177.5 - 179.5m                                          
                                                                          
                 100% Fresh        236.5   239.8                          
                 100% Fresh        298.1   301.5                          
                 100% Fresh        309.2   313.1                          
                 100% Fresh        315.7   325.4                          
             from 323.5 - 325.4m                                          
                                                                          
                 100% Fresh        141.0   143.0    -57      146    152.8 
                 100% Fresh        148.0   152.8                          
                                                                          
                 100% Fresh        231.0   237.0    -57      146    373.3 
                                 with 0.5m @ 112.3 g/t Au from 232.2 -    
             from 231.6 - 234.2m 232.7m                                   
                 100% Fresh        240.8   247.5                          
             from 243.1 - 247.1m                                          
                 100% Fresh        302.8   309.5                          
             from 304.7 - 308.6m                                          
                 100% Fresh        315.0   324.1                          
             from 319.6 - 324.1m                                          
                 100% Fresh        342.3   348.1                          
                 100% Fresh        365.6   378.1                          
             from 369.5 - 372.5m                                          
                 100% Fresh        412.0   417.0                          
                 100% Fresh        479.7   482.9                          
                 100% Fresh        487.1   490.4                          
                                                                          
                      -              0      81.0    -56      144     81.0 
                                                                          
                                                                          
                 100% Fresh        212.0   217.0    -56      144    265.1 
                 100% Fresh        238.1   241.5                          
                 100% Fresh        300.8   303.8                          
                                                                          
--------------------------------------------------------------------------
                                                                          
Notes:                                                                                              
Drillholes with a suffix of 'REx' denote RC holes that have been extended with a diamond drill tail 

APPENDIX B – MM DEPOSIT DRILLING

  Location                                        Downhole             
 (Prospect)    Hole ID    Hole Type            Intersection            
 MM Deposit     FRC1071       RC        no significant intersections   
 (Northern)  (pre-collar)                                              
                                                                       
              FRC1071RE1      DDH            7.9m @ 0.45 g/t Au        
                                             4.5m @ 0.32 g/t Au        
                                              3m @ 0.61 g/t Au         
                                             5.6m @ 2.65 g/t Au        
                                        including 1.5m @ 8.70 g/t Au   
                                              3m @ 1.47 g/t Au         
                                                                       
                FRC1072       RC        no significant intersections   
             (pre-collar)                                              
                                                                       
              FRC1072RE1      DDH            8.6m @ 0.52 g/t Au        
                                             4.3m @ 1.11 g/t Au        
                                             3.2m @ 1.07 g/t Au        
                                             4.2m @ 2.82 g/t Au        
                                        including 1.1m @ 7.83 g/t Au   
                                             3.4m @ 5.25 g/t Au        
                                                                       
               DDH023RE1      DDH            2.7m @ 2.34 g/t Au        
-----------------------------------------------------------------------
                                                                       
 MM Deposit     FRC1070       RC        no significant intersections   
 (Southern)  (pre-collar)                                              
                                                                       
              FRC1070RE1      DDH            2.5m @ 0.89 g/t Au        
                                            11.3m @ 3.50 g/t Au        
                                        including 6.5m @ 5.03 g/t Au   
                                            17.3m @ 1.52 g/t Au        
                                        including 5.1m @ 3.31 g/t Au   
                                                                       
                FRC1073       RC                 abandoned             
              (precollar)                                              
                                                                       
               FRC1073A       RC        no significant intersections   
             (pre-collar)                                              
                                                                       
              FRC1073ARE1     DDH            4.5m @ 0.63 g/t Au        
                              DDH           11.3m @ 1.02 g/t Au        
                              DDH            3.6m @ 0.38 g/t Au        
                                                                       
                FRC1074       RC                 abandoned             
                                                                       
               FRC1074A       RC        no significant intersections   
             (pre-collar)                                              
                                                                       
              FRC1074ARE1     DDH           15.6m @ 0.91 g/t Au        
                                        including 3.8m @ 1.85 g/t Au   
                                                                       
                DDH087        DDH            4.5m @ 1.12 g/t Au        
                                             3.9m @ 3.23 g/t Au        
                                                                       
                DDH088        DDH             2m @ 2.85 g/t Au         
                                             3.7m @ 0.47 g/t Au        
                                            14.8m @ 0.61 g/t Au        
                                                                       
-----------------------------------------------------------------------
                                                   Dip                      
                Intersection      Depth   Depth     (     Azimuth    Hole   
  Location        Material        From     To    degrees ( degrees  Length  
 (Prospect)         Type          (m)     (m)      )        )        (m)    
 MM Deposit           -             0      141     -55      112      141.0  
 (Northern)                                                                 
                                                                            
                 100% Fresh       341.6   349.5    -55      112      495.7  
                 100% Fresh       353.5   358.0                             
                 100% Fresh       475.5   478.5                             
                 100% Fresh       511.6   517.2                             
             from 513.1 - 514.6m                                            
                 100% Fresh       607.5   610.5                             
                                                                            
                      -             0     176.3    -56      106      176.3  
                                                                            
                                                                            
                 100% Fresh       344.4   353.0    -56      106      475.4  
                 100% Fresh       355.5   359.8                             
                 100% Fresh       471.8   475.0                             
                 100% Fresh       532.7   536.9                             
             from 535.2 - 536.3m                                            
                 100% Fresh       603.3   606.7                             
                                                                            
                 100% Fresh       423.8   426.5    -56      94       208.4  
----------------------------------------------------------------------------
                                                                            
 MM Deposit           -             0     81.0     -56      114      81.0   
 (Southern)                                                                 
                                                                            
                 100% Fresh       167.0   169.5    -56      114      429.6  
                 100% Fresh       397.5   408.9                             
             from 397.5 - 404.0m                                            
                 100% Fresh       427.0   444.3                             
             from 429.5 - 434.6m                                            
                                                                            
                      -            0.0    106.0    -55      114      106.0  
                                                                            
                                                                            
                      -            0.0    209.5    -56      109      209.5  
                                                                            
                                                                            
                 100% Fresh       590.4   595.0    -56      109      448.0  
                 100% Fresh       613.7   625.0                             
                 100% Fresh       632.6   636.3                             
                                                                            
                      -            0.0    69.0     -55      95       69.0   
                                                                            
                      -            0.0    185.7    -56      93       185.7  
                                                                            
                                                                            
                 100% Fresh       339.4   355.0    -56      93       232.1  
             from 346.4 - 350.3m                                            
                                                                            
                 100% Fresh       88.9    93.5     -55      118      506.5  
                 100% Fresh       467.0   470.9                             
                                                                            
                 100% Oxide       63.0    65.0     -62      118      677.5  
                 100% Fresh       508.9   512.6                             
                 100% Fresh       529.9   544.7                             
                                                                            
----------------------------------------------------------------------------
Notes:                                                                                              
Drillholes with a suffix of 'REx' denote RC holes that have been extended with a diamond drill tail 

Image Available: http://www.marketwire.com/library/MwGo/2017/6/19/11G141363/Images/News_Release_20170619_-_Figure_1-3559a6cf3ba28599ad00a437985186ef.jpg
Image Available: http://www.marketwire.com/library/MwGo/2017/6/19/11G141363/Images/News_Release_20170619_-_Figure_2-a53639da76948df98509d5edf56c7a66.jpg
Image Available: http://www.marketwire.com/library/MwGo/2017/6/19/11G141363/Images/News_Release_20170619_-_Figure_3-98c79360ea82b576a9b9c1cc85314f33.jpg
Image Available: http://www.marketwire.com/library/MwGo/2017/6/19/11G141363/Images/News_Release_20170619_-_Figure_4-46f67efe12dabc84b248ccb2b7562193.jpg

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that Enzu will exhibit at SYS-CON's 21st Int\ernational Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to focus on the core of their ...
Join us at Cloud Expo June 6-8 to find out how to securely connect your cloud app to any cloud or on-premises data source – without complex firewall changes. More users are demanding access to on-premises data from their cloud applications. It’s no longer a “nice-to-have” but an important differentiator that drives competitive advantages. It’s the new “must have” in the hybrid era. Users want capabilities that give them a unified view of the data to get closer to customers and grow business. The...
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists looked at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deliver...
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Both SaaS vendors and SaaS buyers are going “all-in” to hyperscale IaaS platforms such as AWS, which is disrupting the SaaS value proposition. Why should the enterprise SaaS consumer pay for the SaaS service if their data is resident in adjacent AWS S3 buckets? If both SaaS sellers and buyers are using the same cloud tools, automation and pay-per-transaction model offered by IaaS platforms, then why not host the “shrink-wrapped” software in the customers’ cloud? Further, serverless computing, cl...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), provided an overview of various initiatives to certify the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldwide re...
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
IoT solutions exploit operational data generated by Internet-connected smart “things” for the purpose of gaining operational insight and producing “better outcomes” (for example, create new business models, eliminate unscheduled maintenance, etc.). The explosive proliferation of IoT solutions will result in an exponential growth in the volume of IoT data, precipitating significant Information Governance issues: who owns the IoT data, what are the rights/duties of IoT solutions adopters towards t...
It is ironic, but perhaps not unexpected, that many organizations who want the benefits of using an Agile approach to deliver software use a waterfall approach to adopting Agile practices: they form plans, they set milestones, and they measure progress by how many teams they have engaged. Old habits die hard, but like most waterfall software projects, most waterfall-style Agile adoption efforts fail to produce the results desired. The problem is that to get the results they want, they have to ch...
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, discussed some of the security challenges of the IoT infrastructure and related how these aspects impact Smart Living. The material was delivered interac...
Wooed by the promise of faster innovation, lower TCO, and greater agility, businesses of every shape and size have embraced the cloud at every layer of the IT stack – from apps to file sharing to infrastructure. The typical organization currently uses more than a dozen sanctioned cloud apps and will shift more than half of all workloads to the cloud by 2018. Such cloud investments have delivered measurable benefits. But they’ve also resulted in some unintended side-effects: complexity and risk. ...
The taxi industry never saw Uber coming. Startups are a threat to incumbents like never before, and a major enabler for startups is that they are instantly “cloud ready.” If innovation moves at the pace of IT, then your company is in trouble. Why? Because your data center will not keep up with frenetic pace AWS, Microsoft and Google are rolling out new capabilities. In his session at 20th Cloud Expo, Don Browning, VP of Cloud Architecture at Turner, posited that disruption is inevitable for comp...
In 2014, Amazon announced a new form of compute called Lambda. We didn't know it at the time, but this represented a fundamental shift in what we expect from cloud computing. Now, all of the major cloud computing vendors want to take part in this disruptive technology. In his session at 20th Cloud Expo, Doug Vanderweide, an instructor at Linux Academy, discussed why major players like AWS, Microsoft Azure, IBM Bluemix, and Google Cloud Platform are all trying to sidestep VMs and containers wit...
While DevOps most critically and famously fosters collaboration, communication, and integration through cultural change, culture is more of an output than an input. In order to actively drive cultural evolution, organizations must make substantial organizational and process changes, and adopt new technologies, to encourage a DevOps culture. Moderated by Andi Mann, panelists discussed how to balance these three pillars of DevOps, where to focus attention (and resources), where organizations might...