(Ecofin Agency) - The Karankasso joint venture project, covering 750 km2 in the south-west of Burkina Faso, could hold 9.2 million tons of non-exploited inferred mineral resources with a content of 2.3 grams of gold per ton for 671,000 ounces of gold.

It is the assessment made on this project located 300 km south-east of Ouagadougou and 60 km east of Bobo-Dioulasso, revealed on 9^th October by the project operator, the exploration company Savary Gold Corp. This assessment of the potential of the Karankasso project follows, we learn, the execution of the 194 reverse circulation and auger drillings program for a total of 23,210 m.

Savary Gold, a company listed in Toronto, stresses that this is the evaluation of resources existing in six areas. It reported having an average gold recovery rate of 90% during cyanide tube tests undertaken on seven samples from three areas.

According to Don Dudek, CEO of the Canadian company, all drillings up to date have shown areas with resources of gold content of over 2g/t and peaking at 3.28g/t.

Savary Gold Corp is the operator of this project of which it owns 65%, against 35% for Sarama Resources Ltd, another Canadian company also listed in Toronto and very active in Burkina Faso.