Sarama Resources Ltd. announced positive results from the first phase of its 2016 aircore, reverse-circulation and diamond drilling campaign at the South Houndé Project in south-western Burkina Faso. Results include infill drilling confirms wide, high-grade oxide mineralisation with an oblique strike at the MC Prospect. New high-grade, oblique mineralisation identified at the Phantom East Prospect. Additional oblique mineralisation identified at the MC Prospect, linking known mineralised horizons and potentially giving an insight into the structural architecture of the mineralised system. Infill and extensional drilling confirms mineral resource estimate and provides extension along strike of selected lodes at the Kenobi and MC Prospects. Extensional drilling down-dip at the MM, Obi and Kenobi Prospects indicates lithological continuity and provides further target areas.

The company provided production guidance for the second quarter of 2016. The company expects approximately 3,500m of diamond drilling, 1,700m of RC drilling, and 5,000m of AC drilling is planned for the second quarter 2016 exploration program.