VANCOUVER, Dec. 23, 2013 /PRNewswire/ - Sarama Resources
Ltd. ("Sarama" or the "Company") wishes to announce
that Mr. Bill Turner has resigned
from the board of directors of the Company due to other
commitments, effective December 31,
2013.
Management and the board extend their
appreciation to Bill for his support and contribution to the
Company from pre-initial public offering until present and wish him
the very best in his future endeavours.
Sarama's President and CEO, Andrew
Dinning, commented:
"I would like to thank Bill Turner for his generous support and
oversight in all areas of the business and wish him well for the
future."
Sarama's Non-Executive Chairman, Sean
Harvey, commented:
"Sarama have been fortunate to have a person
of Bill Turner's calibre on the
Board of the Company for the last two years. Bill's
leadership in the areas of corporate governance and social
responsibility, together with his oversight in geological and
exploration aspects of the Company has been valuable in creating a
well-rounded business. I sincerely thank Bill for his service
and wish him well in his future endeavours."
For further information on the Company's
activities, please contact:
Andrew Dinning or Paul Schmiede
e: info@saramaresources.com
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, exploration programs have built on
significant early success to deliver a maiden Inferred Mineral
Resource estimate of 1.5 Moz gold1. 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)
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 future exploration and land
consolidation plans, and the maiden Mineral Resource
estimate. Actual results, performance or achievements of the
Company may vary from the results suggested by such forward-looking
statements due to known and unknown risks, uncertainties and other
factors. Such factors include, among others, that the business of
exploration for gold and other precious minerals involves a high
degree of risk and is highly speculative in nature; Mineral
Resources are not Mineral Reserves, they do not have demonstrated
economic viability, and there is no certainty that they can be
upgraded to Mineral Reserves through continued exploration; few
properties that are explored are ultimately developed into
producing mines; geological factors; the actual results of current
and future exploration; changes in project parameters as plans
continue to be evaluated, as well as those factors disclosed in the
Company's publicly filed documents.
There can be no assurance that any
mineralisation that is discovered will be proven to be economic, or
that future required regulatory licensing or approvals will be
obtained. However, the Company believes that the assumptions and
expectations reflected in the forward-looking information are
reasonable. Assumptions have been made regarding, among other
things, the Company's ability to carry on its exploration
activities, the sufficiency of funding, the timely receipt of
required approvals, the price of gold and other precious metals,
that the Company will not be affected by adverse political events,
the ability of the Company to operate in a safe, efficient and
effective manner and the ability of the Company to obtain further
financing as and when required and on reasonable terms. Readers
should not place undue reliance on forward-looking
information.
Sarama does not undertake to update any
forward-looking information, except as required by applicable
laws.
Qualified Person's Statement
Scientific or technical information in this
news release that relates to 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
