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Sarama Resources
Investor Insight
Sarama Resources offers a compelling investment opportunity driven by a +US$120 million fully-funded arbitration claim and two new belt-scale gold projects encompassing 1,000 km2 of the Cosmo Newbery and Jutson Rocks Greenstone Belts in Western Australia’s prolific Eastern Goldfields.
Overview
Sarama Resources (TSXV:SWA,ASX:SRR) is an Australian gold exploration and development company with two key value drivers: a fully funded, multi-million-dollar arbitration claim and two highly prospective gold projects in Western Australia’s Eastern Goldfields. Each of these presents significant standalone value, while together they offer strong upside and optionality for investors.
Sarama recently secured the Cosmo Newbery and Mt Venn Gold Projects, covering 580km² and 420km² respectively. These projects encompass the majority of the greenstone belts they are located within - regions historically underexplored but geologically similar to the nearby Dorothy Hills belt, host to Gold Fields’ +8Moz Gruyere Gold Mine. Both projects offer a compelling exploration opportunity in one of Australia’s most prolific gold provinces.
In parallel, Sarama is advancing a fully funded arbitration claim against the Government of Burkina Faso, seeking no less than US$120 million in damages. The claim is backed by a non-recourse loan facility, with leading international law firm Boies Schiller Flexner - renowned for securing large settlements - engaged to lead proceedings.
The Company is led by a highly experienced board and management team with a strong track record in gold discovery and development, including the +25Moz Kibali Gold Mine and the +3Moz Sanutura Gold Project.
Sarama’s Regional Exploration Strategy
Sarama’s regional strategy is centred on unlocking value across 1,000km² of contiguous, underexplored greenstone terrane in one of Australia’s most productive gold provinces. With 100% control of the Cosmo Gold Belt and a majority stake in Mt Venn, Sarama is strategically positioned between two of the region’s most prolific gold belts - Yamarna/Dorothy Hills to the east and Laverton to the west.
Both projects share key geological signatures with nearby multi-million-ounce deposits and benefit from existing infrastructure and access. The Company’s exploration efforts will focus on high-priority targets across both belts, with systematic programs planned throughout 2025 to rapidly advance discovery.
Together, Cosmo Newbery and Mt Venn offer a rare opportunity to explore at scale in a region that has delivered some of the largest gold discoveries in recent decades - yet remains largely underexplored.
Company Highlights
- Sarama Resources is advancing two key value drivers: a fully funded, multi-million-dollar arbitration claim and two highly prospective belt-scale gold projects in Western Australia’s Eastern Goldfields.
- The flagship Cosmo Gold Project spans 580km², covering much of the underexplored Cosmo Newbery Greenstone Belt. Complementing this, Sarama holds an 80% interest in the 420km² Mt Venn Project, located just 40km from both its Cosmo Project and Goldfields +8Moz Gruyere Gold Mine. The region has remained largely under-explored due to historical access restrictions, leaving considerable untapped potential.
- The Company is also pursuing a fully funded arbitration claim seeking not less than US$120 million in damages from the Government of Burkina Faso. This claim, related to the Sanutura Project, is supported by a non-recourse funding facility covering all legal costs, with formal proceedings initiated in December 2024.
- Sarama is led by a seasoned team with all members having over 30 years’ experience each and a strong track record in gold discovery and development.
Key Projects
Cosmo Newbery Gold Project
The Cosmo Gold Project is a unique, underexplored, belt-scale gold opportunity in Western Australia's prolific Eastern Goldfields. Sarama holds the entire Cosmo Newbery Greenstone Belt under granted exploration licenses covering approximately 583km². The belt is one of the few remaining greenstone belts in Western Australia to have seen little to no modern exploration.
The project is located approximately 85 km northeast of Laverton and 95 km west of the +8Moz Gruyere Gold Mine, operated by Gold Fields and Gold Road. The surrounding region hosts several world-class gold systems, including the Yamarna and Dorothy Hills belts to the east (home to Gruyere, the 1Moz Golden Highway, and 300koz Gilmore deposits) and the Laverton Belt to the west, with over 35Moz in gold endowment and 12Moz of historic production.
Cosmo shares strong geological and structural similarities with these prolific belts. Key elements of orogenic gold systems are present, including:
- Archaean greenstone lithologies
- Crustal-scale shear zones
- Felsic intrusions
- Localised faulting and shearing
- Historic gold mineralisation and high-grade rock chips (up to 52 g/t Au)
Despite gold first being discovered here in the 1890s, the region has seen virtually no modern exploration or drilling, offering a unique opportunity to unlock value in a highly prospective setting.
Project Highlights
- Proven Gold Terrane: Located in a world-class gold province surrounded by major deposits
- Scale and Control: 100% control of the entire Cosmo-Newbery Belt, spanning +50 km of strike
- Underexplored: Minimal historical exploration; no modern drilling of merit
- Historic Potential: Early gold discoveries in the 1890s with artisanal workings still visible
- Strategic Location: Proximal to major gold operations including the Gruyere Gold Mine and multiple large scale mines in the Laverton gold belt
Mt Venn Gold Project
The Mt Venn Gold Project is a large-scale, underexplored gold exploration asset in Western Australia’s Eastern Goldfields, located approximately 40 km east of Sarama’s Cosmo Newbery Gold Project and 40 km west of the +8Moz Gruyere Gold Mine. Sarama holds an 80% interest in the project, which spans 420km² across a substantial portion of the Jutson Rocks Greenstone Belt - a geologically prospective system with gold first discovered in the 1890s.
Mt Venn shares many geological similarities with the Cosmo Project, and is viewed as a complementary, belt-scale exploration opportunity. The project comprises three contiguous exploration tenements and hosts a 35km gold corridor, defined by semi-continuous gold-in-soil anomalies, historic workings, and encouraging drill intercepts. Historic drilling has returned multiple results of merit, including intercepts up to 8.5 g/t Au, over a 4km trend at the Three Bears Prospect.
Geologically, Mt Venn is highly prospective, featuring:
- Archaean greenstone lithologies
- A major regional shear zone running the full 50km length of the belt (1–3 km wide)
- Favourable structural and lithological settings for orogenic gold mineralisation
Despite early discoveries, the project will benefit from a systematic, project-wide approach to exploration and offers substantial discovery potential in a proven gold district.
Project Highlights
- Proven Gold Terrane: Covers a significant part of the Jutson Rocks Greenstone Belt in a region known for major gold discoveries
- Contiguous Tenure: 420km² across three tenements, including a 35km anomalous gold corridor
- Geological Potential: Hosts a large regional shear zone with associated gold mineralisation and strong structural controls
- Historic Workings: Gold discovered in the 1890s; limited systematic follow-up exploration
- Drill-Ready Targets: Historical drilling includes intercepts up to 8.5 g/t Au at the Three Bears Prospect
- Strategic Location: Positioned 40 km from Gruyere (+8Moz), 20 km from the 1Moz Golden Highway deposit, and 40 km from Sarama’s Cosmo Gold Project
Management Team
Andrew Dinning – Executive Chairman
Andrew Dinning is a founder and the Executive Chairman of Sarama Resources. Dinning has over 35 years of experience in the international mining arena and has worked in Australia, the Democratic Republic of Congo, West Africa, the UK and Russia. He has extensive mine management, operations and capital markets experience and has spent most of his career in the gold sector.
Dinning was a Director and President of the Democratic Republic of Congo-based Moto Goldmines Ltd from 2005 to 2009. He oversaw the development of the company's Moto Gold Project (Kibali Gold) from two million to more than 22 million ounces of gold. Dinning took the project from exploration to pre-development. The Moto Gold project was later taken over by Randgold Resources and AngloGold Ashanti for $600 million in October 2009.
Dinning has an MBA, a First-Class Mine Managers Certificate in Western Australia and South Australia and a Bachelor of Engineering in Mining degree.
John (Jack) Hamilton - Vice-president of Exploration
Jack Hamilton is a founder and the Vice President of Exploration at Sarama Resources. Hamilton has 35 years of experience as a professional geologist. Hamilton has worked around the world for international resource companies. Before Sarama, he was the exploration manager for Moto Goldmines in the Democratic Republic of Congo. At Moto Goldmines, he led the team that discovered the main deposits and resource at the world-class Moto Gold Project (now Kibali Gold) which has a resource of more than 22 million ounces.
Hamilton specializes in precious metal exploration in Birimian, Archean and Proterozoic greenstone belts. He has worked and consulted in West, Central and East Africa for the past 30 years with various companies, including Barrick Gold Corporation, Echo Bay Mines, Etruscan Resources Inc, Anglo American, Geo Services International and Moto Goldmines. Whilst at Moto Goldmines, he led the exploration team that took the Moto gold deposit from discovery to bankable feasibility. The Moto gold deposit was later sold to Randgold Resources and AngloGold Ashanti in October 2009.
Paul Schmiede - Vice-president of Corporate Development
Paul Schmiede is a major shareholder and the Vice President of Corporate Development at Sarama Resources. He is a mining engineer with over 30 years of experience in mining and exploration. Before joining Sarama Resources in 2010, Schmiede was Vice President of Operations and Project Development at Moto Goldmines. At Moto Goldmines, he managed the pre-feasibility, bankable and definitive feasibility study for the more than 22 million-ounce Democratic Republic of Congo-based Moto Gold Project (now Kibali Gold). Whilst at Moto Goldmines, he also managed the in-country environment, community studies and pre-construction activities. Before joining Moto Goldmines, he held senior operational and management positions with Goldfields and WMC Resources. At these companies, Schmiede was responsible for underground and open-pit operations as well as project development and planning.
Schmiede holds a first-class mine managers certificate in Western Australia and a Bachelor of Engineering in Mining degree. He is also a fellow of the Australasian Institute of Mining and Metallurgy.
Lui Evangelista - Chief Financial Officer
Lui Evangelista is Sarama's chief financial officer with 35 years of experience in accounting, finance and corporate governance with public companies. He has more than 20 years of experience in the mining industry - 10 years of which have been at the operational and corporate level with companies operating in Francophone Africa.
Evangelista held the positions of group financial controller and acting CFO at Anvil Mining which operated 3 mines in the DRC. He was an integral part of the senior management team that saw Anvil's market capitalization grow from C$100 million in 2005 to C$1.3 billion upon takeover by Minmetals in 2012.
Evangelista holds a Bachelor of Business in Accounting degree, a graduate diploma in business administration and a graduate diploma in applied corporate governance.
Simon Jackson - Non-executive Director
Simon Jackson is a founder, shareholder and non-executive chairman of Sarama Resources. Jackson is a Chartered Accountant with over 30 years of experience in the mining sector. He is the Chairman of Predictive Discovery and Non-Executive Director of African gold producer Resolute Mining. He has previously held senior management positions at Red Back Mining, Orca Gold and Beadell Resources.
Jackson specializes in M&A, public equity capital markets, management and corporate finance. His career has included corporate transactions in Canada, Australia, Africa and Indonesia. He holds a Bachelor of Commerce degree from the University of Western Australia and is a fellow of the Institute of Chartered Accountants in Australia.
Adrian Byass - Non-executive Director
Adrian Byass has more than 30 years of experience in the mining industry. He has focused his career on the economic development of mineral resources. He is skilled in economic and resource geology. Byass has experience ranging from production in gold and nickel mines to the evaluation and development of mining projects with listed and unlisted entities in multiple countries. He has also held executive and non-executive board roles on both ASX and AIM-listed companies.
Byass presently operates in a corporate and market-focused capacity on a national and international basis. He has board-level experience in mine development, capital raising and M&A in Australia and on overseas stock exchanges. Byass has played key roles in a range of exploration and mining projects in Australia, Africa, North America and Europe. These projects were based on a suite of commodities including gold, base and specialty metals.
He holds a Bachelor of Science in Geology and a Bachelor of Economics. Byass is a member of the Australian Institute of Geoscientists, a fellow of the Society of Economic Geology and a competent person for the reporting of mineral resources (JORC 2012).
Michael Bohm - Non-executive Director
Michael Bohm is a seasoned director and mining engineer in the resources industry. His career spans roles as a mining engineer, mine manager, study manager, project manager, project director, and managing director.
He has been directly involved in the development of multiple mines in the gold, nickel, and diamond industries, and made significant contributions to Ramelius Resources during its formative years. This experience is particularly important as Sarama is currently in the process of rebuilding its operations in the Eastern Goldfields region of Western Australia.
He is a current director of ASX-listed Riedel Resources and has previously been a director of ASX listed Perseus Mining, Ramelius Resources, Mincor Resources NL and Cygnus Metals.
Promising new gold projects in Western Australia, plus a large fully funded arbitration claim.
Prince Silver Commences Fully Funded Drill Program at the Prince Silver Project in Nevada
- 31 RC holes totaling approximately 6,500 meters are planned in this first phase drilling,
- 129 historical holes (16,607 meters) confirm widespread mineralization and high-grade zones.
- The drill program is fully funded following the closing of two recent financings, totalling over $5.25M CAD
Ralph Shearing, President & Director "We're excited to launch this fully funded drill program at the Prince Silver Project, which we believe holds significant untapped potential. Our work will focus on expanding known high-grade zones, testing new areas and validating historical drilling. With approximately 6,500 meters of drilling planned, and mineralization open in all directions, this program marks a key step in defining the broader mineralized system and positioning Prince Silver as a standout silver explorer in Nevada."
2025 Drill Program
The program will consist of approximately 6,500 meters of RC drilling across 31 holes. It is designed to validate historical results, increase confidence in historic unpublished resources estimates, and complete infill and step-out drilling within and surrounding the historic resource area. The goal is to advance the project toward a maiden 43-101 resource estimate by testing potential extensions to know mineralization along strike and to depth. The drill program is being conducted by O'Keefe Drilling Company, headquartered in Butte, MT.
The Prince Silver Project hosts a significant polymetallic carbonate replacement deposit (CRD) and a sediment-hosted gold system, with mineralization that is open in all directions and amenable to open-pit mining and deeper underground mining. The project benefits from shallow, high-grade zones and holds potential for valuable manganese by-products.
Initial assay results from the program will be published as they become available from the laboratories, with ongoing results as the drill program progresses into winter.
Figure 1: First drill set up for start of 2025 drill program - Historic Prince Mine headframe in background
Figure 2: Location of the Prince Silver Project, Nevada
PRINCE SILVER PROJECT HISTORIC EXPLORATION
To evaluate the mineral potential of the Prince Project, an exploration target (the "Exploration Target") was outlined in a 2024 independent report prepared following JORC guidelines (JORC standards for the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.) by OmniGeoX Exploration Consultants of Perth, Australia based on historical surface and underground drilling.
The Exploration Target was based on 129 historic drill holes drilled through mineralized carbonate replacement beds and host Pioche Shale up to 500M depth. Mineralized polymetallic intersections based on historical block modelling suggests the immediate Exploration Target is between 25-43Mt with grades ranging as 1.44-1.57% Zn, 0.78-0.87% Pb, 0.003-0.005% Cu, 0.28-0.40g/t Au, 37-40g/t Ag and 3.62 4.30% Mn. The mineralization is open in all directions.
Readers are cautioned that the Exploration Target is not an "inferred", "indicated" or "measured" mineral resource compliant with National Instrument 43-101 ("NI 43-101"). The Exploration Target has been determined based upon 129 historic drill holes totaling 16,606 meters, historic production records including mine level plans and 3D modelling of mineralization and geology. The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the Exploration Target being delineated as a mineral resource.
Previous Drilling & Results
Historical exploration includes 129 drill holes totaling 16,607 meters. Results confirm widespread mineralization and multiple high-grade zones.
*Notable 2014 intercepts:
- 40.8 m @ 0.63 g/t Au, 65 g/t Ag, 1.64% Zn, 3.51% Pb (from 26 m, UDH-55),
- 24.4 m @ 0.47 g/t Au, 80 g/t Ag, 1.64% Zn, 3.52% Pb, (from 87 m, PRC-11)
- 2.4 m @ 11.1 g/t Au, 377 g/t Ag, 26.1% Zn, 4.3% Pb (from 14 m, UDH-53)
Importantly, earlier programs only sporadically assayed the Pioche Shale unit however, where assayed the Pioche Shale returned a number of highly prospective historic results such as,
- 61 m @ 2.1 g/t Au, 38 g/t Ag for (from 69 m, CDH-36)
- 41 m @ 0.7 g/t Au, 68 g/t Ag, 3.3% Zn, 0.61% Pb for (from 26 m, UDH-55)
- 71 m @ 1.4 g/t Au, 51 g/t Ag for (from 192 m, PRC-10)
Marketing Agreement
Prince Silver Corp. has entered into an advertising and investor awareness campaign with Dig Media Inc. dba Investing News Network (INN). INN is a private arm's length company dedicated to providing independent news and education to investors since 2007. For the 12-month term of the agreement with advertising commencing on, or before September 30, 2025, INN will provide advertising on its website to increase awareness of the issuer. The cost of the annual campaign is $54,000. INN is headquartered at 1200 - 736 Granville Street, Vancouver, BC, Canada, V6Z 1G3 and can be reached at info@investingnewsnetwork.com or by telephone at 1 604 688 8231.
This agreement is subject to the approval of the CSE.
Qualified Person
Ralph Shearing, PGeol. (Alberta) a qualified person under NI 43-101 and, Director and President of the Company, has reviewed and approved the technical disclosure contained in this news release.
About Prince Silver Corp.
Prince Silver Corp is a silver exploration company focused on advancing the Prince Silver Project in Nevada, USA. The known deposit identified with historic drilling is open in all directions and is near surface. Prince Silver Corp also holds interest in the Stampede Gap Project, a district scale copper-gold-moly porphyry system located ~15km NNM of the Prince Silver Project.
On Behalf of the Board of Directors
Ralph Shearing, Director, President
Email: rshearing@princesilvercorp.com
Tel: 604-764-0965
Website: www.princesilvercorp.com
Forward-Looking Information
Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Some of the specific forward-looking information in this news release includes, but is not limited to, statements with respect to: proposed drill programs, amendments to the Company's website, property option payments and regulatory and corporate approvals. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, dependence on key personnel, completion of satisfactory due diligence in respect of the Acquisition and related transactions, and compliance with property option agreements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, failure to obtain regulatory or corporate approvals, exploration results, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The CSE has neither approved nor disapproved the contents of this press release and the CSE does not accept responsibility for the adequacy or accuracy of this news release.
Click here to connect with Prince Silver (CSE:PRNC,OTC:HWTNF) to receive an Investor Presentation
Earthwise Minerals: Advancing the Iron Range Gold Project in BC
Earthwise Minerals (CSE:WISE,FSE:966) is an emerging gold exploration company leveraging a data-driven strategy to unlock significant upside in a tier-one Canadian jurisdiction. The company is advancing its Iron Range project in southeastern British Columbia—a district-scale land package with geological analogues to some of North America’s most prolific polymetallic systems.
Earthwise Minerals is pursuing a measured growth strategy that blends investor outreach with disciplined exploration. By integrating over $8 million of historic data with modern techniques, the company is advancing the Iron Range Gold Project efficiently and cost-effectively. A staged four-year option agreement provides a low-entry framework for exploration and supports a clear path toward drilling.
The Iron Range Gold Project is Earthwise Minerals’ flagship asset, spanning 21,437 hectares in southeastern British Columbia, just northeast of Creston. The property sits along the Iron Mountain Fault Zone (IMFZ), a major regional structure within the Purcell Supergroup that also hosts the world-class Sullivan SEDEX deposit. Earthwise controls over 50 kilometres of strike length along the IMFZ and its associated splays. The project benefits from excellent infrastructure, including Highway 3 crossing the property, Canadian Pacific rail access, and nearby BC Hydro power, natural gas, and water. Exploration is further streamlined by a multi-year area-based (MYAB) permit, enabling trenching, geophysics, road access, and drilling without the need for annual approvals.
Company Highlights
- Tight Capital Structure: Only 37.2 million shares fully diluted, providing strong leverage to exploration success without heavy dilution
- Flagship Iron Range Gold Project: District-scale property covering 21,437 hectares, strategically located along the Iron Mountain Fault Zone, within the same stratigraphy as the legendary Sullivan SEDEX deposit
- Strong Geological Foundation: Over $8 million of historical exploration, including geophysics, geochemistry, and drilling, provides a data-rich base for new high-impact targeting
- Low-cost Option Agreement: Earthwise can earn up to 80 percent of Iron Range from Eagle Plains Resources through staged payments and exploration commitments totaling $4 million over four years
- World-class Infrastructure: The project is road accessible, bisected by Highway 3 and Canadian Pacific rail, with nearby power, natural gas and water resources
- Proven Leadership: CEO Mark Luchinski and VP exploration George Yordanov bring capital markets expertise and technical discovery experience, supported by a well-rounded board with financial and digital strategy capabilities
This Earthwise Minerals profile is part of a paid investor education campaign.*
Click here to connect with Earthwise Minerals (CSE:WISE) to receive an Investor Presentation
Earthwise Minerals
Investor Insight
With a data-driven exploration strategy, Earthwise Minerals is an emerging gold exploration company with significant upside potential in a tier-one Canadian jurisdiction. The company is advancing the Iron Range gold project in southeastern British Columbia, a district-scale land package with geological analogues to some of North America’s most prolific polymetallic systems.
Overview
Earthwise Minerals (CSE:WISE,FSE:966) is a Vancouver-based exploration company advancing the fully permitted Iron Range Gold Project in southeastern British Columbia. The project benefits from a multi-year exploration and drilling permit that provides flexibility for efficient advancement. With a history of significant gold discoveries and more than $8 million in historic exploration work, Iron Range represents the company’s primary focus and a district-scale opportunity in a tier-one jurisdiction.
Iron range property looking from Talon Zone area towards Arrow Creek
Earthwise Minerals is pursuing a measured growth strategy that blends investor outreach with disciplined exploration. By integrating over $8 million of historic data with modern techniques, the company is advancing the Iron Range Gold Project efficiently and cost-effectively. A staged four-year option agreement provides a low-entry framework for exploration and supports a clear path toward drilling.
Company Highlights
- Tight Capital Structure: Only 37.2 million shares fully diluted, providing strong leverage to exploration success without heavy dilution
- Flagship Iron Range Gold Project: District-scale property covering 21,437 hectares, strategically located along the Iron Mountain Fault Zone, within the same stratigraphy as the legendary Sullivan SEDEX deposit
- Strong Geological Foundation: Over $8 million of historical exploration, including geophysics, geochemistry, and drilling, provides a data-rich base for new high-impact targeting
- Low-cost Option Agreement: Earthwise can earn up to 80 percent of Iron Range from Eagle Plains Resources through staged payments and exploration commitments totaling $4 million over four years
- World-class Infrastructure: The project is road accessible, bisected by Highway 3 and Canadian Pacific rail, with nearby power, natural gas and water resources
- Proven Leadership: CEO Mark Luchinski and VP exploration George Yordanov bring capital markets expertise and technical discovery experience, supported by a well-rounded board with financial and digital strategy capabilities
Key Project
Iron Range Gold Project
The Iron Range Gold Project is Earthwise Minerals’ flagship asset, covering 21,437 hectares in southeastern British Columbia, just northeast of Creston. The property is underlain by the Iron Mountain Fault Zone (IMFZ), a major regional structure within the Purcell Supergroup that also hosts the world-class Sullivan SEDEX deposit. Earthwise controls more than 50 kilometres of strike length along the IMFZ and associated splays. The project benefits from excellent infrastructure, with Highway 3 crossing the property, Canadian Pacific rail access, and nearby BC Hydro power, natural gas, and water. Exploration is further supported by a multi-year area-based (MYAB) permit, allowing trenching, geophysics, road access, and drilling without the need for annual approvals.
A robust exploration dataset underpins the project. A 2004 VTEM survey outlined conductivity trends coincident with the IMFZ, while systematic soil geochemistry defined multi-element anomalies (arsenic, lead, zinc, and gold), including “Sullivan-style” lead-zinc responses within the Lower–Middle Aldridge Contact — a stratigraphic horizon strongly associated with SEDEX mineralization. Induced polarization (IP) surveys completed in 2017 identified a down-plunge chargeability anomaly at the Talon/Canyon Zone. Follow-up drilling in 2018 confirmed this target, returning mineralized intercepts consistent with the geophysical model and demonstrating continuity beneath surface anomalies.
Mineralization styles at Iron Range are polymetallic and diverse, including intermediate-sulphidation epithermal systems with alteration assemblages of silica, K-feldspar, sericite, and carbonate. Mineralization occurs within brittle shear and breccia zones ranging from one metre to several tens of metres wide, spatially associated with the IMFZ and concentrated within approximately 150 metres of the LMC.
Historic drilling at the Talon/Canyon Zone has returned broad and high-grade intercepts, including:
- 56.5 m grading 1.9 g/t gold, 0.44 percent lead, 0.59 percent zinc, and 19.7 g/t silver
- 14.0 m grading 5.1 g/t gold, 1.86 percent lead, 2.1percent zinc, and 75.3 g/t silver
- 2.0 m grading 12.8 g/t gold, 4.18 percent lead, 5.06 percent zinc, and 122.5 g/t silver (drill hole IR10-010)
Mineralization remains open along strike and at depth, with overlapping geophysical and geochemical vectors indicating potential for parallel or offset mineralized shoots. Earthwise’s 2025 exploration program is focused on detailed structural mapping, systematic geochemical sampling, and expanded IP surveys to refine 3D chargeability and resistivity models, helping to de-risk future drill targeting. A Phase 1 drill campaign (~2,500 metres) is scheduled for 2026 to test down-plunge extensions of the Talon/Canyon Zone and evaluate additional parallel structures.
Under the option agreement with Eagle Plains Resources, Earthwise can earn a 70 percent interest over four years through staged cash, share and exploration commitments. An additional 10 percent interest (to 80 percent) can be acquired for a $1-million cash payment within 120 days of vesting at 70 percent. Eagle Plains retains a 1 percent NSR on part of the property. This represents a low-cost entry relative to the more than $8 million of historical work already completed, allowing Earthwise to direct capital toward geophysics and drilling rather than re-establishing baseline exploration.
The emphasis on geophysics is strategic. In structurally complex belts where mineralization occurs in breccia, veins and disseminated sulphides, IP surveys are a proven, cost-effective discriminator. They can identify disseminated to semi-massive sulphides, distinguish mineralized from barren host rocks, and provide depth slices for 3D geological modelling. When integrated with legacy VTEM, geochemical surveys and drill data, modern IP provides the most efficient pathway to precise, high-value drilling designed to answer key questions of geometry, grade distribution and vectoring within the system.
Management Team
Mark Luchinski – Chief Executive Officer
Mark Luchinski is a seasoned entrepreneur and capital markets specialist with two decades of experience managing public companies and advancing exploration projects. He has guided multiple firms through financing, acquisitions, exploration and public listings. In addition to Earthwise, he serves as a director of Aeonian Resources.
George Yordanov – VP Exploration and Director
A professional geologist and NI 43-101 qualified person with over 15 years of exploration experience, George Yordanov has contributed to grassroots discoveries with Osisko Mining, Sumitomo Metal and Dundee Precious Metals, bringing expertise across gold, base metals and lithium exploration.
Solomon Kasirye – Director
Solomon Kasirye is a registered geoscientist with over a decade of experience across resource estimation, exploration, mine geology and commodity research. He is the managing director of SoloCore Solutions and holds advanced degrees in Metal & Energy Finance (Imperial College London) and Mineral Resource Management (University of Free State)
Mateo Arcila – Director
An engineer with 10+ years of business development and digital strategy experience, Mateo Arcila leads Earthwise’s corporate outreach, digital presence and capital markets engagement. His background spans marketing, big data analytics and international business
Ikavinder Deol – Chief Financial Officer
Ikavinder Deol is CPA with over six years of experience in financial reporting and regulatory compliance for junior mining companies. She is also with Cross Davis & Company, specializing in IFRS reporting for resource companies
Sarama Resources Investor Kit
- Corporate info
- Insights
- Growth strategies
- Upcoming projects