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Sarama acquires Bondi gold deposit

24th May 2016

By: Anine Kilian

Contributing Editor Online

  

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JOHANNESBURG (miningweekly.com) – TSX-listed Sarama Resources has signed a binding heads of agreement with gold producer Orezone Gold to to acquire its Bondi gold deposit, which is near Sarama’s South Houndé project, in south-western Burkina Faso.

The South Houndé and Karankasso projects were located 30 km from Bondi, presenting an opportunity to ultimately combine the three deposits by trucking feed to a central processing facility.

Sarama on Tuesday said the acquisition would bolster its position in the region.

The Bondi deposit had a historical estimated mineral resources of 282 000 oz.

“Orezone has undertaken a great deal of work on the deposit, which complements our South Houndé project and is expected to be highly accretive to Sarama on a net asset value per share basis,” said Sarama CEO Andrew Dinning.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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