Sarama Resources

Sarama Resources Geochemistry Program Underway at Cosmo Gold Project

First Major Exploration Program in Several Decades on Highly Prospective Cosmo Project with Soil Sampling Designed to Generate Drill Targets

Sarama Resources Ltd. (“Sarama” or the “Company”) (ASX:SRR, TSX- V:SWA) is pleased to advise that it has commenced a multi-stage regional soil-geochemistry program at its majority- owned(1) 580km² Cosmo Gold Project (the “Project”)(2) in the Eastern Goldfields of Western Australia. The program is the most significant exploration work to be undertaken on the Project in decades and is a foundational stage for drill target generation.

The program follows the Company’s acquisition of a majority and controlling interest in the Project in December 2024 and its agreement to acquire a majority and controlling interest in the nearby Mt Venn Project in January 2025(3). In aggregate, the belt-scale projects will cover approximately 1,000km²(2,3) and +100km of strike-length of greenstone rocks and are well-positioned and underexplored, presenting an exciting opportunity for Sarama in the Laverton Gold District which is known for its prolific gold endowment (refer Figure 1).


Highlights
  • Large-scale soil geochemistry program underway at the Cosmo Project to progress drill targeting
  • Program is the most significant exploration works undertaken on the Project in several decades
  • Initial focus on areas with large-scale structural features and lithological contacts identified in recent interpretation of airborne geophysical datasets
  • Surface grab sampling returned grades up to 52g/t Au(5) in historical exploration within the Project
  • Fieldwork already underway with experienced field crews mobilised; first samples for analysis in 2 weeks
  • Opportunity for recommencement of modern exploration due to changes in land access
  • Follows the recent execution of a non-binding Heads of Agreement to acquire majority interest in belt-scale Mt Venn Project(3)
  • Sarama’s recent acquisitions will create in aggregate a 1,000km² exploration position(2,3) capturing 100km of strike length in underexplored terrane
  • Projects located in the prolific Laverton Gold District, proximal to the producing Gruyere Gold Mine(4) 

Sarama’s President, Executive Chairman, Andrew Dinning commented:

“We are very pleased to get exploration underway and bring the belt-scale Cosmo Project to account. Cosmo is genuinely underexplored, has all the geological ingredients to generate a discovery and with core team members that led the discovery of the multi-million ounce Moto and Sanutura(6) Projects in Africa and we look forward to seeing what this project can deliver. Leveraging its position at the Cosmo Project, upon completion of the transaction to acquire a majority interest in the nearby Mt Venn Project, Sarama will have 1,000km2 of highly prospective ground in the prolific Laverton Gold District.”


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.

SRR:AU
Sarama Resources

Sarama Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Sarama Resources (ASX:SRR)

Sarama Resources


Keep reading...Show less

Promising new gold projects in Western Australia, plus a large fully funded arbitration claim.

Jeff Clark, gold and silver bars.

Jeff Clark: Gold Bull Market Running, These Stocks Getting Rewarded Now

Jeff Clark, founder of the Gold Advisor, shares his outlook for gold and silver.

However, he emphasizes that he's less concerned about prices and more interested in making sure his portfolio is prepared to weather global uncertainty.

Keep reading...Show less
Miramar Resources

High-Grade Gold Discovery in First 8 Mile Drill Hole

Miramar Resources Limited (ASX:M2R, “Miramar” or “the Company”) is pleased to announce that the first RC drill hole at the 8 Mile target has intersected high-grade gold and ended in mineralisation.

Keep reading...Show less
Rob McEwen, gold bars.

Rob McEwen: Gold to Go "Much Higher," Mining Stock Mania Not Here Yet

Rob McEwen, chairman and chief owner of McEwen Inc. (TSX:MUX,NYSE:MUX), outlines his gold price outlook as well as future plans for his company.

"If I look at history and the cycles gold has gone through, we have all the ingredients needed to drive it much higher," he told the Investing News Network.

Keep reading...Show less
Shane Williams, gold bars.

Gold to Hit US$4,000, Driver for Next Leg Up — West Red Lake's Shane Williams

Shane Williams, CEO, president and director at West Red Lake Gold Mines (TSXV:WRLG,OTCQB:WRLGF), shares his thoughts on gold's path to US$4,000 per ounce.

"It's established a base, and now as that new institutional money begins to move into gold, that's where I think we'll get that next leg up," he said.

Keep reading...Show less
Sarama Resources

Sarama Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×