/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: 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, 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
