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SWA.V ·

Sarama Resources Establishes New 100% Owned 600KM2 Exploration Position at its Koumandara Project in Burkina Faso

Sampling & Geoscience Results

VANCOUVER, CANADA / TheNewswire / February 2, 2018 - Sarama Resources Ltd. (“Sarama” or the “Company”) (TSX-V:SWA) is pleased to announce that it has established a new and significant exploration position at its 100% owned(5) Koumandara Project (the “Project”) in south-west Burkina Faso (refer Figure 1).

The new 602km² land positon, located in the Banfora Greenstone Belt (refer Figure 2), was assembled by Sarama entering into agreements to acquire 4 mineral properties which complement Sarama’s recently granted Nya-Nou exploration permit.

Sarama considers the Banfora Belt to be highly prospective for gold, yet relatively underexplored. Reviews of historical work conducted by Sarama and previous operators within the Project area indicate regionally extensive gold occurrences. These kilometre-scale trends are marked by drilling, large-scale artisanal mining centres and extensive gold-in-soil anomalism along corridors that coincide with a district-scale litho-structural ‘break’ interpreted as a regional-scale shear zone. A number of the geological characteristics identified by Sarama are seen in the neighbouring Houndé Belt and are considered important for the formation of economic gold deposits.

Highlights

  • 602km2 semi-contiguous project area in the Banfora Belt in south-west Burkina Faso.
  • Sarama’s interests will be 100%, upon the closing of transactions(5).
  • Project area overlies a 45km-long section of a district-scale litho-structural break (“Banfora East Shear

Zone”) which Sarama considers significant in terms of gold emplacement.

  • Gold-in-soil anomalism extending over 43km-long x 10km-wide corridor, with approximately 25km

untested by historical geochemical surveys.

  • The Banfora Greenstone Belt extends from central Côte d’Ivoire where it hosts Perseus Mining’s large

Yaoure mine development project.

  • Banfora East Shear Zone resembles the Boni Shear Zone of the Houndé Belt which is spatially associated

with several significant high-grade gold deposits/projects including Yaramoko, Siou, Bondi and Golden Hill.

  • Exploration is targeting multiple styles of mineralisation, but predominantly large, free-milling, gold-

quartz systems that are known to be present in Burkina Faso.

  • Historical reconnaissance reverse-circulation (“RC”) and aircore (“AC”) drilling returned significant

intersections including:

  • 7m @ 6.86 g/t Au from 53m in BF_18 (RC, 100% Fresh);
    • 13m @ 2.87 g/t Au from 10m in BF_08 (RC, 25% Trans / 75% Fresh);
    • 4m @ 10.59 g/t Au from 30m in BF_08 (RC, 100% Oxide);
  • 3m @ 8.94 g/t Au from 105m in FRC802 (RC, 100% Fresh); and
  • 15m @ 1.80 g/t Au from 85m in FRC799 (RC, 100% Fresh).
    • High tenor auger and gold-in-soil results have been returned in historical work programs.
    • Sarama has commenced reconnaissance work and data compilation.

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

“The project has taken some time to pull together and we look forward to applying our extensive knowledge of the geology in Burkina Faso and what we have learned in the more established Hounde Belt where our team made a multi- million ounce discovery in a purely greenfields area.

This is a large 100%(5) owned position situated in a prospective, yet underexplored gold belt. We are very encouraged by regionally extensive gold-in-soil anomalism and also by the tenor of a number of the reconnaissance auger and RC drilling results. We are looking forward to generating our first round of targets and rapidly moving the project forward.”

GEOLOGICAL SETTING AND HISTORICAL WORK

The Project is located in the north of the Banfora Belt, a regionally extensive belt of Birimian-aged rocks which, elsewhere, are known to host multi-million ounce gold deposits. The properties are generally positioned over the central and eastern portions of the belt and overlie a package of lithologically diverse rocks including metasedimentary, volcanic and intrusive rock units of varying composition.

A district-scale, north-east trending litho-structural feature (“Banfora East Shear Zone”) that lies close to the eastern margin of the Banfora Belt transects several of the properties, giving the Project exposure to a structurally disrupted corridor extending for approximately 45km along strike.

Historical soil geochemistry surveys on broad-spaced grids indicate elevated gold-in-soil anomalism along three main trends(6) within the Project. Peak values of 10.0g/t Au (mean of 5.9ppb Au) and 2.6g/t Au (mean of 10.3ppb Au) were returned for auger and manually collected soil surveys respectively.

The central trend extends for over 30km in strike and is coincident with fault-bounded sedimentary and mafic volcanic rocks units. The spatially-associated Banfora East Shear Zone further enhances the geological environment and increases the potential for large-scale fluid mobility and gold deposition.

The western anomalous trend extends for over 40km and is spatially associated with the contact zone of a granodioritic intrusion with sedimentary rocks in the outboard Banfora Basin. Detailed auger sampling surveys have delineated a third north-easterly-striking trend extending for approximately 30km along strike in the east.

Reconnaissance drilling by various operators to test anomalous gold-in-soil zones (refer Appendix A) has returned the following significant results:

  • Nya-Nou Property (significant Intersections ≥10gram.m/t(7) from 4400m RAB, 6600m AC, 4800m RC)
    • 7m @ 6.86 g/t Au from 53m in BF_18 (RC, 100% Fresh)
    • 13m @ 2.87 g/t Au from 10m in BF_08 (RC, 25% Trans / 75% Fresh);
    • 4m @ 10.59 g/t Au from 30m in BF_08 (RC, 100% Oxide);
    • 3m @ 8.94 g/t Au from 105m in FRC802 (RC, 100% Fresh);
    • 15m @ 1.80 g/t Au from 85m in FRC799 (RC, 100% Fresh);
    • 17m @ 1.18 g/t Au from 12m in BF_06 (RC, 6% Oxide / 94% Trans);
    • 2m @ 8.94 g/t Au from 20m in AC1032 (AC, 100% Oxide);
    • 4m @ 2.94 g/t Au from 90m in FRC801 (RC, 100% Fresh);
    • 7m @ 1.66 g/t Au from 19m in FRC799 (RC, 100% Oxide);
    • 20m @ 0.60 g/t Au from 12m in AC995 (AC, 100% Oxide); and
    • 4m @ 2.86 g/t Au from 9m in BF_03 (RC, 100% Trans).
  • Kapoguan, Kongoroba & Noumousso Properties (significant intersections ≥5gram.m/t(7) from 11600m RC,

200m DDH)

  • 3m @ 4.37g/t Au from 39m in BRC15-042 (RC, material type unknown); and
  • 3m @ 1.73g/t Au from 68m in BRC15-047 (RC, material type unknown).

Much of the Banfora East Shear Zone lacks coverage by base-level, detailed soil geochemistry surveys, and significant areas of the anomalous gold-in-soil trends identified remain untested by reconnaissance drilling. Sarama believes the Project contains several important geological features, the prospectivities of which are enhanced by encouraging results from historical exploration activities. Fieldwork will focus on gaps in the base-level data, in conjunction with ongoing compilation and verification of historical data and desktop targeting.

Sarama is encouraged that its new litho-structural interpretation for the eastern margin of the Banfora Belt, and the recognition that the Banfora East Shear Zone is intimately associated with a corridor of gold-soil anomalism, will lead to the discovery of a new gold belt and new gold discoveries. Sarama is well placed to consolidate its position and build its geological understanding of the region.

COMMERCIAL TERMS OF TRANSACTIONS

A binding agreement in respect of the Dabokuy Property (“Dabokuy”) was entered into with Semafo Inc (“Semafo”) on January 31, 2018 (the “Dabokuy Agreement”). The Dabokuy Agreement, subject to novation of a historical agreement, permit transfers and payment of certain government fees and taxes by Sarama, provides for Sarama to acquire a 100% interest in Dabokuy. Semafo will retain a net smelter return royalty of 1.5% in respect of gold produced from Dabokuy in excess of 100koz Au and will have a one-off right to elect to purchase back an interest up to a maximum of 20% in Dabokuy (the “Back-In Right”). In the event Semafo elects to exercise its Back-In Right, Semafo will make a cash payment to Sarama equal to 3 times the exploration expenditures incurred by Sarama on Dabokuy on a pro-rata basis. Semafo’s Back-In Right will expire the earlier of: (i) 90 days following the filing of a technical report by Sarama that details combined measured and indicated mineral resources on Dabokuy greater than 1Moz Au; and (ii) 45 days after the declaration by Sarama of its intention to commence commercial mining operations at Dabokuy. In the event that Semafo elects to exercise its Back-In Right, Semafo’s right to a net smelter return royalty will be extinguished.

Binding agreements in respect of the Noumousso, Kapoguan and Kongoroba Properties were entered into with two Burkina Faso-based parties on December 15, 2018. The agreements are structured as option agreements and give Sarama the right to acquire a 100% interest in each of the 3 properties subject to Sarama making certain cash instalment payments at various time-based milestones. In the event that Sarama makes these instalments in full, the respective underlying exploration permits will be transferred to Sarama and the respective vendors will receive a net smelter return royalty of 1% in respect of gold production from the properties. Sarama has a right to buy out any or all of the royalties in full by making cash payments of US$1M for each of the royalties.

For further information on the Company’s activities, please contact:

Andrew Dinning or Paul Schmiede

e: [email protected] t: +61 (0) 8 9363 7600

Figure 1 – Koumandara Project Location

Figure 2 – Koumandara Project - Regional Geology Plan and Sarama’s Project Position

ABOUT SARAMA RESOURCES LTD

Sarama Resources Ltd (TSX-V: 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 gold(2). 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 gold(3) at the Karankasso Project JV.

Sarama also has a 100% interest in the Bondi Deposit which has a historical estimate of mineral resources of 0.3Moz Au (measured and indicated) and 0.1Moz Au (inferred)(1).

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.

Sarama had recently established a new 600km² exploration position in the highly prospective Banfora Belt in southwestern Burkina Faso. The Koumandara Project hosts several regional-scale structural features and trends of gold-insoil anomalism extending for over 40km along strike.

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.

FOOTNOTES

1. 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.

2. 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.

3. 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.

4. Sarama has, or is entitled to have a 100% interest in the Djarkadougou, Botoro, Bamako and Bouni Properties which comprise the ThreeBee Project.

5. Refer to Section of this News Release ‘Commercial Terms of Transactions’.

6. Western Trend broadly defined by +5ppb Au (66th percentile of survey population) gold-in-soil anomalism – samples collected manually. Central Trend broadly defined by a combination of +17ppb Au (90 th percentile of survey population) for manually collected samples and +18ppb Au (95th percentile of survey population) for auger drilled samples. Eastern Trend broadly defined by a combination of +50ppb Au for auger drilled samples and +12ppb Au for manually collected samples.

7. Measurement unit of gram.m/t refers to intersection grade in grams/tonne multiplied by intersection length.

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 further exploration at the Koumandara Project, the potential for mineralization of significance to be discovered at the Koumandara Project, the ability of the Company to secure the issuance of the necessary exploration permits from the Government of Burkina Faso, 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 and future exploration plans. There has been insufficient exploration conducted to define a mineral resource on these properties and there can be no assurance that further exploration will delineate a mineral resource.

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.

NOTES –DRILLING

Drilling results are quoted as downhole intersections. True widths and orientation of mineralisation intersected by the drilling are 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 on the Nya-Nou Property were undertaken by the ALS and SGS laboratories in Ouagadougou, Burkina Faso and the SGS laboratory in Morila, Mali. Assays are determined by fire assay methods using a 50 gram charge, lead collection and an AAS finish with lower detection limits of 0.01g/t Au.

The drilling was generally designed according to program aims, expected mineralization orientation and was of variable length. Holes were spaced at various intervals according to targeting intent.

Aircore and RC holes on the Nya-Nou Property were logged and sampled at regular 1m downhole intervals, with assays for AC holes conduced on 2m composites. Logging interval information for RAB drilling on the Nya-Nou Property is not available, however assaying was conducted on 4m downhole composites. RC drilling on the Noumousso, Kapoguan and Kongoroba Properties was logged and sampled at regular 1m downhole intervals.

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

Drilling and geological sampling and assaying undertaken by Sarama on the Nya-Nou Property is conducted in accordance with its quality assurance/quality control program which includes the use of certified reference materials as well as field duplicates. 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.

Quality assurance/quality control programs used by previous operators on the Nya-Nou, Noumousso, Kapoguan and Kongoroba Properties are not known to Sarama and results have not been verified by Sarama.

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 South Houndé Project’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 the mineral resource estimate for the Karnakasso Project using a Qualified Person because 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 compiled by Savary.

APPENDIX A – LISTING OF HISTORICAL DRILLING

DepthDepthHole
LocationHoleIntersection MaterialDipAzimuth
Hole IDDownhole IntersectionFromToLength
(Property)TypeType(°)(°)
(m)(m)(m)
NYA-NOUAC1000ACno significant intersections050-5532050
NYA-NOUAC1001ACno significant intersections050-5532050
NYA-NOUAC1002AC2m @ 0.83 g/t Au100% Oxide3436-5532050
AC2m @ 0.50 g/t Au100% Oxide4042
AC2m @ 0.38 g/t Au100% Oxide4648
NYA-NOUAC1003AC2m @ 0.33 g/t Au100% Oxide1214-5532050
AC4m @ 0.39 g/t Au100% Oxide3034
AC2m @ 0.89 g/t Au100% Oxide4244
NYA-NOUAC1004AC6m @ 0.39 g/t Au100% Oxide814-5532050
NYA-NOUAC1005AC2m @ 0.52 g/t Au100% Oxide3840-5532050
NYA-NOUAC1006AC2m @ 0.38 g/t Au100% Oxide4446-5532050
NYA-NOUAC1007AC2m @ 0.58 g/t Au100% Oxide2022-5532050
NYA-NOUAC1008AC2m @ 0.68 g/t Au100% Oxide1820-5532050
AC2m @ 0.88 g/t Au100% Oxide4648
NYA-NOUAC1009AC2m @ 1.93 g/t Au100% Oxide3436-5532050
NYA-NOUAC1010AC2m @ 0.46 g/t Au100% Oxide2224-5532050
AC2m @ 0.30 g/t Au100% Oxide2830
NYA-NOUAC1011AC2m @ 0.32 g/t Au100% Oxide1214-5532050
NYA-NOUAC1012AC2m @ 0.49 g/t Au100% Oxide24-5532050
AC4m @ 0.67 g/t Au100% Oxide3842
NYA-NOUAC1013AC2m @ 0.39 g/t Au100% Oxide3638-5532050
NYA-NOUAC1014AC2m @ 1.64 g/t Au100% Oxide2830-5532050
NYA-NOUAC1015AC2m @ 0.53 g/t Au100% Oxide1012-5532035
AC4m @ 0.39 g/t Au100% Oxide2832
NYA-NOUAC1016ACno significant intersections019-5532019
NYA-NOUAC1017ACno significant intersections047-5532047
NYA-NOUAC1018AC2m @ 0.35 g/t Au100% Oxide2628-5532050
NYA-NOUAC1019AC2m @ 1.52 g/t Au100% Oxide3032-5532050
NYA-NOUAC1020ACno significant intersections041-5532041
NYA-NOUAC1021ACno significant intersections048-5532048
NYA-NOUAC1022ACno significant intersections050-5532050
NYA-NOUAC1023ACno significant intersections045-5532045
NYA-NOUAC1024ACno significant intersections050-5532050
NYA-NOUAC1025ACno significant intersections045-5532045
NYA-NOUAC1026ACno significant intersections050-5532050
NYA-NOUAC1027AC2m @ 0.38 g/t Au100% Oxide3234-5532050
NYA-NOUAC1028ACno significant intersections033-5532033
NYA-NOUAC1029ACno significant intersections050-5532050
NYA-NOUAC1030ACno significant intersections050-5532050
NYA-NOUAC1031ACno significant intersections026-5532026
NYA-NOUAC1032AC2m @ 8.94 g/t Au100% Oxide2022-5532050
4m @ 0.80 g/t Au100% Oxide3236
NYA-NOUAC1033ACno significant intersections050-5532050
NYA-NOUAC1034ACno significant intersections050-5532050
NYA-NOUAC1035ACno significant intersections030-5532030
NYA-NOUAC1036ACno significant intersections050-5532050
NYA-NOUAC1037ACno significant intersections050-5532050
NYA-NOUAC1038ACno significant intersections050-5532050
NYA-NOUAC1039ACno significant intersections050-5532050
NYA-NOUAC1040ACno significant intersections048-5532048
NYA-NOUAC1041ACno significant intersections050-5532050
NYA-NOUAC1042ACno significant intersections050-5532050
NYA-NOUAC1043ACno significant intersections050-5532050
NYA-NOUAC1044ACno significant intersections040-5532040
NYA-NOUAC1045ACno significant intersections050-5532050
NYA-NOUAC1046ACno significant intersections050-5532050
DepthDepthHole
LocationHoleIntersection MaterialDipAzimuth
Hole IDDownhole IntersectionFromToLength
(Property)TypeType(°)(°)
(m)(m)(m)
NYA-NOUAC1047AC2m @ 0.35 g/t Au100% Oxide 2022-5532050
NYA-NOUAC1048ACno significant intersections050-5532050
NYA-NOUAC1049ACno significant intersections049-5532049
NYA-NOUAC1050ACno significant intersections050-5532050
NYA-NOUAC1051ACno significant intersections050-5532050
NYA-NOUAC1052ACno significant intersections020-5532020
NYA-NOUAC1053ACno significant intersections011-5532011
NYA-NOUAC1054ACno significant intersections020-5532020
NYA-NOUAC1055ACno significant intersections014-5532014
NYA-NOUAC1056ACno significant intersections015-5532015
NYA-NOUAC1057ACno significant intersections010-5532010
NYA-NOUAC1058ACno significant intersections07-553207
NYA-NOUAC1059ACno significant intersections017-5532017
NYA-NOUAC1060ACno significant intersections019-5532019
NYA-NOUAC1061ACno significant intersections022-5532022
NYA-NOUAC1062ACno significant intersections020-5532020
NYA-NOUAC1063ACno significant intersections017-5532017
NYA-NOUAC1064ACno significant intersections050-5532050
NYA-NOUAC1065ACno significant intersections038-5532038
NYA-NOUAC1066ACno significant intersections040-5532040
NYA-NOUAC1067ACno significant intersections038-5532038
NYA-NOUAC1068ACno significant intersections041-5532041
NYA-NOUAC1069ACno significant intersections040-5532040
NYA-NOUAC1070ACno significant intersections036-5532036
NYA-NOUAC1071ACno significant intersections029-5532029
NYA-NOUAC1072ACno significant intersections035-5532035
NYA-NOUAC1073ACno significant intersections033-5532033
NYA-NOUAC1074ACno significant intersections033-5532033
NYA-NOUAC1075ACno significant intersections030-5532030
NYA-NOUAC1076AC2m @ 0.95 g/t Au100% Oxide 02-5532048
2m @ 3.84 g/t Au100% Oxide 4648
NYA-NOUAC1077AC2m @ 0.35 g/t Au100% Oxide 68-5532044
2m @ 0.67 g/t Au100% Oxide 3032
2m @ 1.19 g/t Au100% Oxide 3638
NYA-NOUAC1078ACno significant intersections047-5532047
NYA-NOUAC1079ACno significant intersections026-5532026
NYA-NOUAC1080AC4m @ 0.63 g/t Au100% Oxide 26-5532038
4m @ 0.60 g/t Au100% Oxide 1014
NYA-NOUAC1081ACno significant intersections039-5532039
NYA-NOUAC1082ACno significant intersections036-5532036
NYA-NOUAC1083AC2m @ 0.54 g/t Au100% Oxide 02-5532028
NYA-NOUAC1084ACno significant intersections024-5532024
NYA-NOUAC1085AC2m @ 2.14 g/t Au100% Oxide 2426-5532033
NYA-NOUAC1086AC2m @ 0.54 g/t Au100% Oxide 1214-5532034
NYA-NOUAC1087ACno significant intersections030-5532030
NYA-NOUAC1088ACno significant intersections043-5532043
NYA-NOUAC1089ACno significant intersections043-5532043
NYA-NOUAC1090ACno significant intersections037-5532037
NYA-NOUAC1091ACno significant intersections028-5532028
NYA-NOUAC1092ACno significant intersections018-5532018
NYA-NOUAC1093ACno significant intersections027-5532027
NYA-NOUAC1094ACno significant intersections032-5532032
NYA-NOUAC1095AC2m @ 0.34 g/t Au100% Oxide 02-5532030
NYA-NOUAC1096ACno significant intersections039-5532039
NYA-NOUAC1097ACno significant intersections036-5532036
NYA-NOUAC1098ACno significant intersections031-5532031
NYA-NOUAC1099ACno significant intersections042-5532042
NYA-NOUAC1100ACno significant intersections042-5532042
DepthDepthHole
LocationHoleIntersection MaterialDipAzimuth
Hole IDDownhole IntersectionFromToLength
(Property)TypeType(°)(°)
(m)(m)(m)
NYA-NOUAC1101ACno significant intersections039-5532039
NYA-NOUAC1102AC2m @ 0.59 g/t Au100% Oxide 2022-5532042
NYA-NOUAC1103ACno significant intersections036-5532036
NYA-NOUAC1104AC2m @ 1.06 g/t Au100% Oxide 3436-5532042
NYA-NOUAC1105ACno significant intersections050-5532050
NYA-NOUAC1106ACno significant intersections045-5532045
NYA-NOUAC1107ACno significant intersections039-5532039
NYA-NOUAC1108AC2m @ 0.39 g/t Au100% Oxide 3638-5532039
NYA-NOUAC1109ACno significant intersections041-5532041
NYA-NOUAC1110ACno significant intersections048-5532048
NYA-NOUAC1111ACno significant intersections047-5532047
NYA-NOUAC1112ACno significant intersections027-5532027
NYA-NOUAC1113ACno significant intersections050-5532050
NYA-NOUAC1114ACno significant intersections047-5532047
NYA-NOUAC1115ACno significant intersections042-5532042
NYA-NOUAC1116ACno significant intersections047-5532047
NYA-NOUAC1117AC2m @ 0.66 g/t Au100% Oxide 02-5532037
NYA-NOUAC1118ACno significant intersections050-5532050
NYA-NOUAC1119ACno significant intersections050-5532050
NYA-NOUAC1120ACno significant intersections042-5532042
NYA-NOUAC1121ACno significant intersections041-5532041
NYA-NOUAC1122ACno significant intersections039-5532039
NYA-NOUAC1123ACno significant intersections039-5532039
NYA-NOUAC1124ACno significant intersections041-5532041
NYA-NOUAC1125ACno significant intersections047-5532047
NYA-NOUAC1126ACno significant intersections044-5532044
NYA-NOUAC1127ACno significant intersections034-5532034
NYA-NOUAC1128ACno significant intersections010-5532010
NYA-NOUAC1129ACno significant intersections033-5532033
NYA-NOUAC1130ACno significant intersections030-5532030
NYA-NOUAC1131ACno significant intersections048-5532048
NYA-NOUAC1132ACno significant intersections048-5532048
NYA-NOUAC1133ACno significant intersections050-5532050
NYA-NOUAC1134ACno significant intersections050-5532050
NYA-NOUAC1135ACno significant intersections046-5532046
NYA-NOUAC1136ACno significant intersections040-5532040
NYA-NOUAC1137ACno significant intersections049-5532049
NYA-NOUAC1138ACno significant intersections050-5532050
NYA-NOUAC1139ACno significant intersections048-5532048
NYA-NOUAC1140ACno significant intersections048-5532048
NYA-NOUAC1141ACno significant intersections050-5532050
NYA-NOUAC1142ACno significant intersections027-5532027
NYA-NOUAC1143ACno significant intersections032-5532032
NYA-NOUAC1144ACno significant intersections050-5532050
NYA-NOUAC1145AC2m @ 1.81 g/t Au100% Oxide 2224-5532050
NYA-NOUAC1146ACno significant intersections050-5532050
NYA-NOUAC1147ACno significant intersections050-5532050
NYA-NOUAC1148ACno significant intersections050-5532050
NYA-NOUAC1149ACno significant intersections050-5532050
NYA-NOUAC1150ACno significant intersections047-5532047
NYA-NOUAC990ACno significant intersections050-5532050
NYA-NOUAC991ACno significant intersections050-5532050
NYA-NOUAC992AC2m @ 0.53 g/t Au100% Oxide 1012-5532050
2m @ 0.30 g/t Au100% Oxide 2022
NYA-NOUAC993AC10m @ 0.44 g/t Au100% Oxide 414-5532050
NYA-NOUAC994AC2m @ 0.71 g/t Au100% Oxide 810-5532050
2m @ 0.38 g/t Au100% Oxide 2022
2m @ 0.35 g/t Au100% Oxide 4042
DepthDepthHole
LocationHoleIntersection MaterialDipAzimuth
Hole IDDownhole IntersectionFromToLength
(Property)TypeType(°)(°)
(m)(m)(m)
2m @ 0.30 g/t Au100% Oxide 4648
NYA-NOUAC995AC20m @ 0.60 g/t Au100% Oxide 1232-5532050
NYA-NOUAC996ACno significant intersections048-5532048
NYA-NOUAC997ACno significant intersections050-5532050
NYA-NOUAC998ACno significant intersections050-5532050
NYA-NOUAC999AC2m @ 0.73 g/t Au100% Oxide 2830-5532050
NYA-NOUNORAB01RABno significant intersections040-5532540
NYA-NOUNORAB02RABno significant intersections042-5532542
NYA-NOUNORAB03RABno significant intersections047-5532547
NYA-NOUNORAB04RABno significant intersections034-5532534
NYA-NOUNORAB05RABno significant intersections036-5532536
NYA-NOUNORAB06RABno significant intersections042-5532542
NYA-NOUNORAB07RABno significant intersections038-5532538
NYA-NOUNORAB08RABno significant intersections016-5532516
NYA-NOUNORAB09RABno significant intersections033-5532533
NYA-NOUNORAB10RAB4m @ 1.04 g/t Au1620-5532537
NYA-NOUNORAB11RAB4m @ 0.51 g/t Au48-5532533
NYA-NOUNORAB12RABno significant intersections029-5532529
NYA-NOUNORAB13RAB4m @ 0.32 g/t Au1216-5532527
NYA-NOUNORAB14RABno significant intersections036-5532536
NYA-NOUNORAB15RABno significant intersections043-5532543
NYA-NOUNORAB16RABno significant intersections036-5532536
NYA-NOUNORAB17RABno significant intersections036-5532536
NYA-NOUNORAB18RABno significant intersections033-5532533
NYA-NOUNORAB19RABno significant intersections033-5532533
NYA-NOUNORAB20RAB3m @ 0.60 g/t Au69-5532538
NYA-NOUNORAB21RABno significant intersections033-5532533
NYA-NOUNORAB22RABno significant intersections026-5532526
NYA-NOUNORAB23RABno significant intersections036-5532536
NYA-NOUNORAB24RABno significant intersections036-5532536
NYA-NOUNORAB25RABno significant intersections034-5532534
NYA-NOUNORAB26RABno significant intersections030-5532530
NYA-NOUNORAB27RABno significant intersections034-5532534
NYA-NOUNORAB28RABno significant intersections030-5532530
NYA-NOUNORAB29RABno significant intersections032-5532532
NYA-NOUNORAB30RABno significant intersections034-5532534
NYA-NOUNORAB31RABno significant intersections042-5532542
NYA-NOUNORAB32RABno significant intersections035-5532535
NYA-NOUNORAB33RABno significant intersections042-5532542
NYA-NOUNORAB34RABno significant intersections042-5532542
NYA-NOUNORAB35RABno significant intersections052-5532552
NYA-NOUNORAB36RABno significant intersections051-5532551
NYA-NOUNORAB37RABno significant intersections044-5532544
NYA-NOUNORAB38RABno significant intersections065-5532565
NYA-NOUNORAB39RABno significant intersections052-5532552
NYA-NOUNORAB40RABno significant intersections053-5532553
NYA-NOUNORAB41RABno significant intersections048-5532548
NYA-NOUNORAB42RABno significant intersections040-5532540
NYA-NOUNORAB43RABno significant intersections054-5532554
NYA-NOUNORAB44RABno significant intersections015-5532515
NYA-NOUNORAB45RABno significant intersections020-5532520
NYA-NOUNORAB46RABno significant intersections057-5532557
NYA-NOUNORAB47RABno significant intersections057-5532557
NYA-NOUNORAB48RABno significant intersections060-5532560
NYA-NOUNORAB49RABno significant intersections036-5532536
NYA-NOUNORAB50RABno significant intersections040-5532540
NYA-NOUNORAB51RABno significant intersections036-5532536
NYA-NOUNORAB52RABno significant intersections040-5532540