Sarama Resources Completes Mt Venn Gold Project Acquisition

Sarama Resources Completes Mt Venn Gold Project Acquisition

Landholdings Increased to 1,000km² Over Two Belt-Scale Projects in Laverton Gold District

Sarama Resources Ltd. (“Sarama” or the “Company”) (ASX:SRR, TSX- V:SWA) is pleased to advise that it has completed the previously announced acquisition (the “Transaction”) of a majority interest(1) in the under-explored, belt-scale 420km² Mt Venn Project (the “Project”)(2), located in the Eastern Goldfields of Western Australia.


This follows Sarama’s acquisition of a majority interest(3) in the nearby Cosmo Gold Project in December 2024. Together, these acquisitions create a 1,000km² landholding covering two well-positioned and underexplored greenstone belts in the Laverton Gold District, an area which is known for prolific gold endowment and significant recent discoveries (refer Figure 1).

Highlights

  • Completion of Transaction for Sarama to acquire a majority interest(1) in, and control of, the Mt Venn Gold Project in Western Australia
  • Located in the prolific Laverton Gold District, 35km from the producing Gruyere Gold Mine and less than 20km
  • from Gold Road’s Golden Highway Deposit
  • Project covers 420km² and features a favourable litho-structural setting, primarily in greenstone rocks
  • Includes regional shear zone of ~50km strike length and 1-3km width extending full length of greenstone belt
  • Advanced gold targets generated through historical exploration, including broad drill-defined gold mineralisation
  • Creates 1,000km² exploration position in the Laverton Gold District, capturing 100km of strike length
  • Mt Venn is 40km from Sarama’s Cosmo Project(3) that is target-rich and hosts approximately 45km strike of gold trends up to 1.8km in width(6).
  • Initial exploration to be advanced by the recent equity raise of A$2.7M

Sarama’s Executive Chairman, Andrew Dinning commented:

“We are very pleased to have completed the acquisition of a majority interest in the Mt Venn Project, significantly expanding our footprint in the Laverton Gold District and consolidating a 1,000km² landholding with strong discovery potential, in a region that has delivered multiple high-quality gold deposits, including the nearby Gruyere Deposit.

Mt Venn lies just 40km from our Cosmo Gold Project(3), with both showing strong gold anomalism. Cosmo hosts approximately 45km of mineralised gold trends up to 1.8km wide(6), while Mt Venn's soil sampling, historic workings, early drilling, and polymetallic nature highlight potential for a large-scale mineralized system. We see considerable exploration upside across both projects and with compelling targets already identified, we look forward to unlocking their value through focused and systematic exploration.”


Click here for the full ASX Release

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.

The Conversation (0)
Stonegate Capital Partners Initiates Coverage on Heliostar Metals Ltd

Stonegate Capital Partners Initiates Coverage on Heliostar Metals Ltd

Heliostar Metals Ltd (TSXV: HSTR,OTC:HSTXF): Stonegate Capital Partners initiates their coverage on Heliostar Metals Ltd (TSXV: HSTR,OTC:HSTXF). The Company's flagship Ana Paula project in Guerrero is a high-grade underground development asset hosting approximately 1.2 million ounces grading 5.4 gt gold in the High-Grade Panel. Active drilling is extending the Parallel Panel and upgrading inferred ounces. A preliminary economic assessment is underway and will be followed by a feasibility study in mid-2026, with first production targeted in 2028. Ana Paula is fully permitted for open-pit mining, and the Company intends to submit an underground permit amendment in 2026. This expansion is expected to be primarily self-funded from the below mentioned producing assets.

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

  • HSTR sold 8,556 GEOs at AISC US$1,541/oz, generating $27.9M in revenue with ~$30.0M in cash and no debt.
  • In 2Q25, La Colorada produced 3,464 oz at low costs, while San Agustin received approval to restart mining in 4Q25.
  • Ana Paula drilling advanced toward a 2026 PFS, targeting 2028 start at ~100koz/year.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7294/268117_heliostar_435.jpg

Click image above to view full announcement.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Harvest Gold Provides Update on its Ongoing Drill Program at Mosseau and Has Completed its High-Resolution Airborne Magnetic Survey of Mosseau and Labelle

Harvest Gold Provides Update on its Ongoing Drill Program at Mosseau and Has Completed its High-Resolution Airborne Magnetic Survey of Mosseau and Labelle

(TheNewswire)

Harvest Gold Corporation

Vancouver, British Columbia / September 26, 2025 ‑ TheNewswire - Harvest Gold Corporation (TSXV: HVG,OTC:HVGDF) (" Harvest Gold " or the " Company ") i s pleased to report on the progress of its ongoing drill program at Mosseau, its flagship property in the Urban Barry Belt in Quebec's Abitibi region.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
AERO ENERGY AND FORTUNE BAY ANNOUNCE COMMENCEMENT OF DRILLING AT THE MURMAC URANIUM PROJECT

AERO ENERGY AND FORTUNE BAY ANNOUNCE COMMENCEMENT OF DRILLING AT THE MURMAC URANIUM PROJECT

 Fortune Bay Corp. (TSXV: FOR,OTC:FTBYF) (FWB: 5QN) (OTCQB: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce that summer drilling has commenced at its Murmac Uranium Project ("Murmac" or the "Project"), located in northern Saskatchewan near Uranium City . A limited suite of high priority targets has been selected for testing.

Exploration work at Murmac is being funded by Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: UU3) ("Aero"), and is being operated by Fortune Bay, under an Option Agreement that was executed on December 15, 2023 .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Radisson Announces $20 Million Bought Deal Financing

Radisson Announces $20 Million Bought Deal Financing

www.radissonmining.com
TSX-V: RDS, OTCQX: RMRDF, FRANKFURT : 2RX

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Locksley Names Industry Veterans CEO and COO to Fast-Track its US Mine-to-Market Effort

Locksley Names Industry Veterans CEO and COO to Fast-Track its US Mine-to-Market Effort

Locksley Resources Limited (ASX: LKY,OTC:LKYRF; OTCQB: LKYRF) announced the appointment of Kerrie Matthews as Chief Executive Officer (CEO) and Danny George as Chief Operating Officer (COO) of the company. The appointments are newly-created positions and significantly strengthen the company's executive leadership team at a pivotal time as Locksley advances the Desert Antimony Mine in Mojave . The two bring skill sets that can lead the company as it accelerates downstream processing and fast-tracks its mine-to-market solutions for antimony in the U.S. More information is available here: https:cdn-api.markitdigital.comapiman-gatewayASXasx-research1.0file2924-02998095-6A1285815&v=c2533a54e2514fb77a8f93f84db686e1125273e9

"The combined backgrounds of these two individuals in critical minerals, major project delivery and contract mining enable Locksley to address one of the most pressing US supply constraints: the absence of large-scale commercial antimony processing capacity," said Pat Burke , chairman of Locksley. "Their appointments significantly enhance our executive capability at a pivotal moment for Locksley, supporting our strategy to transform the historic Desert Antimony Mine into a modern, fully integrated mine-to-market supply chain for 100% Made in America Antimony."

Ms. Matthews is a highly accomplished executive leader with more than two decades of experience delivering significant and capital-intensive projects in the resources and infrastructure sectors. She has held leadership roles in the execution of BHP's US$3.8 billion South Flank Project and Iluka's A$1.8 billion Eneabba Rare Earths Refinery, Australia's first fully integrated rare earths refinery. She brings extensive expertise in governance, stakeholder alignment, cost optimization and regulatory engagement, alongside her proven record of aligning large scale projects with both commercial and government priorities.

Mr. George is an experienced senior executive with a global background spanning all phases of project execution across mining, energy and infrastructure. His past experience includes major projects with WSP, Fortescue, Mineral Resources, Thyssenkrupp and Ausenco, working with leading companies such as Vale, BHP and Hancock Prospecting. His track record includes copper and lithium concentrators, iron ore and coal export facilities, as well as emerging technology projects in hydrogen and green iron. His technical breadth and expertise in rapid project delivery, capital efficiency and large-scale project execution provide Locksley with the operational discipline and agility required to advance the Desert Antimony Mine project on an accelerated schedule.

The company also announced that Julian Woodcook has resigned as technical director to focus on his Managing Director role at Viking Mines Ltd. He has been instrumental in the rapid advancement of the Company's Mojave Project and will continue to offer strategic guidance to the company in a technical consulting capacity.

Locksley Resources ( https://www.locksleyresources.com.au ) is an Australian-based explorer focused on critical minerals and base metals, with assets in both the U.S. and Australia . The company is actively advancing its U.S. Asset, the Mojave Project, in California , targeting rare earths elements (REE) and antimony (The Desert Antimony Mine). The company also has a strategic collaboration with Rice University to develop DeepSolv™ for domestic processing of North American antimony. This agreement is a cornerstone of Locksley's U.S. Critical Minerals and Energy Resilience Strategy to accelerate "mine-to-market" deployment of antimony in the U.S.

Contact: Beverly Jedynak , beverly.jedynak@viriathus.com , 312-943-1123; 773-350-5793 (cell)

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/locksley-names-industry-veterans-ceo-and-coo-to-fast-track-its-us-mine-to-market-effort-302566544.html

SOURCE Locksley Resources

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
NevGold Releases Significant Oxide Gold-Antimony Results: 11.41 g/t AuEq Over 6.1 Meters  Within 2.19 g/t AuEq Over 56.4 Meters  at the Limousine Butte Project, Nevada

NevGold Releases Significant Oxide Gold-Antimony Results: 11.41 g/t AuEq Over 6.1 Meters Within 2.19 g/t AuEq Over 56.4 Meters at the Limousine Butte Project, Nevada

Nevgold Corp. (" NevGold " or the " Company ") ( TSXV:NAU,OTC:NAUFF) (OTCQX:NAUFF) (Frankfurt:5E50 ) is pleased to announce further significant historic oxide gold-antimony ("Antimony", "Sb") results at its Limousine Butte Project (the "Project", "Limo Butte") in Nevada. The Company continues to expand the gold-antimony potential of the Project, highlighting its promising prospects for further exploration and development in Nevada, one of the world's prolific mining jurisdictions.

Key Highlights

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News