/NOT FOR DISTRIBUTION TO A UNITED STATES NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES/
VANCOUVER, June 23, 2014 /CNW/ - Sarama Resources Ltd. (the "Company" or "Sarama") is pleased to announce the appointment of Mr. David Groves as a Non-Executive Director of Sarama.
Dave has more than 30 years of experience in precious-metals exploration, resource development and business development and brings a highly complementary skill set to the board of Sarama. Most recently, Dave served as Vice President, Global Exploration for Centerra Gold where he oversaw a large resource expansion at the Kumtor mine in Kyrgyzstan and delineation of a significant oxide-gold resource at the Oksut greenfield discovery in Turkey. Prior to Centerra, Dave worked for Newmont Mining Corporation in exploration and business-development roles in North America, Australia, Europe and West Africa. While at Newmont, he oversaw a major resource expansion at the Akyem gold deposit in West Africa, directed greenfield discoveries of Carlin-type and high-sulfidation gold deposits in the Tethys mineral belt in Turkey and Armenia and participated in the discovery and delineation of the Leeville and Turf gold deposits on the Carlin Trend in Nevada.
Dave holds a degree in Geology and a Master of Science degree and is a Fellow of the Society of Economic Geologists and a Certified Professional Geologist with the American Institute of Professional Geologists.
Sarama's President and CEO, Andrew Dinning commented:
"We are delighted that Dave has joined the Board of Sarama. His experience and skill set is highly complementary to our current board and his guidance will be invaluable in assisting the Company to drive its exploration program through discovery and toward production.
On behalf of the Board and management I would like to welcome Dave, and we look forward to leveraging his considerable expertise as we develop our projects."
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 gold1,2. 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.
- 29.13 Mt @ 1.6 g/t Au (at a 0.8 g/t Au cut-off)
- 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.
Qualified Person's Statement
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