Sarama Resources Ltd.

VANCOUVER, Dec.16, 2014 /CNW/ - Sarama Resources Ltd. ("Sarama" or the "Company") is pleased to advise that Savary Gold Corp. ("Savary"), the operator of the Karankasso Project Joint Venture ("JV") between Sarama and Savary, provided an update on December 15, 2014 of exploration findings and grab sample assay results from a recently completed reconnaissance field program on the Karankasso Project  JV in south-western [...]

The Board of Directors of Sarama Resources has granted 300,000 options to directors of the Company, David Groves and Glen Masterman, who joined the board in 2014. The option grant forms part of their remuneration and is made in accordance with the stock option plan of the Company. The options will vest over a 12-month period, have an exercise price of C$0.10 and are exercisable for a period of 3 years from the date of the [...]

Sarama Resources is pleased to announce that the conditions have been satisfied for completion of the earn-in agreement with Acacia Mining that was announced on November 27, 2014. The earn-in agreement relates to Sarama's South Houndé Project in Burkina Faso whereby Acacia will have the option to earn up to a 70% interest in the Project by satisfying certain conditions, including funding earn-in expenditures of up to [...]

Sarama Resources is pleased to announce that it has entered into an agreement with Acacia Mining relating to Sarama's South Houndé Project in Burkina Faso whereby Acacia will have the option to earn up to a 70% interest in the Project by satisfying certain conditions over a 4-year earn-in period and then the right to acquire an additional 5% interest, for an aggregate 75% interest in the Project, upon declaration of a [...]

Sarama Resources is pleased to advise that Savary Gold, the operator of the joint venture between Sarama and the Savary, announced on October 1, 2014 that as part of an ongoing data review, it had newly documented  results from historic drill intercepts on the Kueredougou West zone on the Houndé South property. The Houndé South property forms part of the recently announced joint venture between Savary (65%) and Sarama [...]

Sarama Resources is pleased to announce the appointment of Dr. Glen Masterman as a Non-Executive Director of Sarama. Glen has more than 20 years of experience in precious metals exploration, resource development and business development and brings a wealth of knowledge and experience to the board of Sarama. Most recently, Glen served as Senior Vice-President, Exploration for Kinross Gold Corp. ("Kinross"), where he [...]

Sarama Resources is pleased to announce that it is has completed joint venture negotiations and executed a binding agreement with Savary Gold. This follows a Heads of Agreement signed between the parties on March 10, 2014. The joint venture will unify the operatorship of Sarama's 250 square kilometre Sérakoro 1 property and Savary's 500 square kilometre Houndé South property in Burkina Faso. The resultant joint venture [...]

Sarama Resources is pleased to announce the successful completion of its initial drill program at the Company's Cape Mount Project in western Liberia. The reconnaissance drill program featured widely spaced drill fences along an 8km portion of a previously delineated 15km-long soil anomaly (see press release January 13, 2014). The drill program has confirmed the presence of shallow, in-situ gold mineralisation within [...]

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