VANCOUVER, Oct. 1, 2014 /PRNewswire/ - Sarama Resources Ltd.
(the "Company" or "Sarama") 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 Corporation ("Kinross"), where he managed global
exploration activities and led teams on a number of important new,
near-mine discoveries in Russia
and Chile.
As head of exploration, Glen significantly enhanced Kinross' strength in global exploration and
was ultimately responsible for delivering programs to replenish
annual gold production. Glen also oversaw exploration at the
Tasiast mine in Mauritania which
resulted in a major resource expansion and additional discoveries.
Prior to Kinross, Glen was General
Manager, Exploration for Bolnisi Gold, an Australian company that
discovered and developed the Palmarejo silver and gold mine in
northern Mexico. He commenced his
career with WMC Resources and later joined Goldfields Exploration
Ltd and Placer Dome Asia Pacific.
Glen graduated with a B.Sc.(Honours) from the University of Melbourne and earned his PhD from the
University of Tasmania.
Sarama's President and CEO, Andrew
Dinning commented:
"We are delighted that Glen 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 forward its business development and exploration
activities.
On behalf of the Board and management I would like to
welcome Glen, and we look forward to leveraging his
considerable expertise and knowledge as we develop our
company."
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