Sarama appoints veteran accountant as CFO
VANCOUVER (miningweekly.com) – West Africa-focused gold explorer Sarama Resources has appointed 30-year certified practising accountant Lui Evangelista as its CFO, replacing Nick Longmire who has resigned to pursue personal interests.
Evangelista brings 30-years’ experience to the position, and president and CEO Andrew Dinning Wednesday touted Evangelista’s extensive experience operating in Francophone Africa and his wider industry experience as an invaluable as the company continues to progress its assets toward development.
Sarama is mainly focused on the South Houndé project, in Burkina Faso, where Acacia Mining is funding $14-million of exploration over four years to earn a 70% interest, with an option on a further 5% when it has declared a 1.6-million-ounce gold reserve. The South Houndé project currently holds an inferred resource of about 2.1-million ounces grading 1.5 g/t at a cutoff grade between 0.3 g/t and 2.2 g/t. At a cutoff grade of 1.6 g/t, the resource totals 1.1-million ounces grading 2.7 g/t.
Sarama has recommenced field exploration activity in November, planning to undertake a 6 000-m AC programme and a 1 100-m diamond drill programme during November and December.
The South Houndé project is in the Houndé belt, which hosts other significant deposits, including Semafo’s Mana gold mine, Roxgold’s Yaramoko gold mine and Endeavour Mining’s Houndé gold project.
The company also has a 30.5% interest in the Karankasso project joint venture with Savary Gold, with Savary as the operator. The Karankasso project hosts a maiden inferred resource of 9.16-million tonnes grading 2.28 g/t gold for 670 000 oz, at a 0.5 g/t cutoff, and is situated next to the South Houndé project.
Comments
Research Reports
Projects
Latest News
Showroom
Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...
VISIT SHOWROOM
Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
