
June 16, 2024
Sarama Resources Ltd. (“Sarama” or the “Company”) (ASX:SRR, TSX- V:SWA) is pleased to present its investor presentation.
INVESTMENT HIGHLIGHTS
50KM UNEXPLORED GREENSTONE BELT IN WA + 0.5M OZ OF GOLD IN WEST AFRICA
Sarama has signed a Non-Binding MOU1 to acquire the Cosmo Newbery Project, highlights include:
- Project situated on one of the last unexplored greenstone belts in Western Australia
- Tenure is contiguous over 583km2 and covers the entire +50 km of greenstone belt
- The belt has seen virtually no modern exploration and no drilling of merit
- Located 95km west of +7Moz Gruyere (Gold Road) and 85km northeast of Laverton
- Documented historical gold workings (discovered in 1890’s)
- Reserve since 1980 but Land access now obtained, easy access via Great Central Road
Material additional value includes:
- Burkina Faso gold assets including 100% owned, 0.5Moz (Inf) Bondi Gold Deposit2
- Significant arbitration claim3
COSMO NEWBERY PROJECT LOCATION
LOOKING FOR GOLD IN AN AREA SURROUNDED BY GOLD
EXPLORATION OPPORTUNITY
LARGE AND PROSPECTIVE SYSTEM WITH MULTIPLE TARGETS TO BE TESTED
- Cosmo Newbery greenstone belt has clear gold showings and strong geological and structural similarities to the adjacent Dorothy Hills greenstone belt which hosts the +7Moz Gruyere gold deposit
- Project is underlain by prospective volcanic and volcano-sediment rocks with localised intrusives, however is mostly under shallow cover and has seen little to no significant exploration
- A major regional fault/shear system extends for over 50km through the Project
- The fault/shear system combined with granite-greenstone rocks has the potential to provide requisite fluid pathways and favorable host rocks that are amenable to gold mineralization
- Historic, small-scale mining east of this regional system indicates gold deposition in the immediate area
- Soil geochemical and geophysical surveys identified numerous exploration targets for gold and nickel-cobalt
- Currently 8 areas of interest & 17 specific interpreted targets for follow up
This article includes content from Sarama Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
SRR:AU
Alert Options
No alert set
INN Article Notification
Alert Option
You will be notified when this event occurs. No additional settings needed.
The Conversation (0)
29 May
Completion of Tranche 1 Equity Placement & Cleansing Notice
Sarama Resources (SRR:AU) has announced Completion of Tranche 1 Equity Placement & Cleansing NoticeDownload the PDF here. Keep Reading...
20 May
Sarama Raises A$1.5m in Private Placement
Sarama Resources (SRR:AU) has announced Sarama Raises A$1.5m in Private PlacementDownload the PDF here. Keep Reading...
18 May
Trading Halt
Sarama Resources (SRR:AU) has announced Trading HaltDownload the PDF here. Keep Reading...
15 May
Q1 2026 Interim Financial Statements
Sarama Resources (SRR:AU) has announced Q1 2026 Interim Financial StatementsDownload the PDF here. Keep Reading...
15 May
Qtly Activities Report - Q1 26 Mgmt's Discussion & Analysis
Sarama Resources (SRR:AU) has announced Qtly Activities Report - Q1 26 Mgmt's Discussion & AnalysisDownload the PDF here. Keep Reading...
9h
iMetal Resources Appoints Mining Executive Michel Dufresne to Board of Directors
iMetal Resources, Inc. (TSXV: IMR,OTC:IMRFF) (OTCQB: IMRFF) (FSE: A7VA) ("iMetal" or the "Company") is pleased to announce the appointment of veteran mining executive Michel Dufresne to its board of directors."Michel's appointment is a meaningful step forward for iMetal," said Saf Dhillon,... Keep Reading...
01 September
Red Hill Assays Return High-Grade Copper-Gold
Azzuro Resources PLC (“Azzuro” or “Company”) (ASX: AZ9) is pleased to report the final assay results (Batch 4) from its 2026 drilling program at the Company’s 100%-owned Red Hill Copper Gold Volcanogenic Massive Sulphide (VMS) Project in Mongolia, comprising drillholes MU2609, MU2610, MU2610A,... Keep Reading...
31 August
Goldera Provides Update on 2026 Exploration Programs Targeting Multiple Gold Discovery Opportunities in Ontario and New Brunswick
Goldera Exploration Ltd. (“Goldera” or the “Company”) (TSX Venture Exchange: GERA) is pleased to report on the initiation of its exploration programs at the high-grade Egan Gold Project in the Timmins gold camp, and at the Acadian Gold Joint Venture (‘Acadian Gold’) in a newly emerging precious... Keep Reading...
Latest News
Interactive Chart
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00







