Sarama Resources Extends MM Prospect Strike Length by 25% to 1.9km; Shares Jump 15% Higher

By Midnight Trader,  January 14, 2013, 10:01:32 AM EDT

Sarama Resources Limited (SWA.V) reports that recent reverse-circulation and diamond drilling at the MM Prospect at its South Hounde Project in south-western Burkina Faso has extended the strike length of mineralisation by 25% to a total of 1.9km and confirmed previous high-grade intersections in the south of the mineralised zone.

Highlights

Strike length of the MM mineralisation system has been increased to 1.9km.

Infill RC and diamond drilling confirms continuity of major mineralised lenses within the MM system as well as the presence of a broad high-grade zone in the south.

Downhole intersection highlights include:

DDH019 5.3m @ 5.18 g/t Au from 291.3m DDH including 2.3m @ 10.68 g/t Au

DDH045 15.5m @ 6.61 g/t Au from 176.5m DDH

Sarama is now trading at 80 cents, up 10 cents from Friday's close.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks:



Latest News Video

United States Lottery Ticket Scoops $590m
United States Lottery Ticket Scoops...
Deadly Blasts Hits Iraq's Basra
Deadly Blasts Hits Iraq's Basra     
Father Faces Child Death Charges
Father Faces Child Death Charges    


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.43 0.07  0.52%
CSCO $ 24.24 0.35  1.48%
MSFT $ 34.87 0.79  2.32%
F $ 15.08 0.44  3.01%
ARUN $ 13.10 4.51  25.61%
SIRI $ 3.50 0.05  1.45%
GE $ 23.46 0.19  0.82%
S $ 7.32 0.04  0.55%