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.