Sarama Resources

Sarama Resources Ltd (ASX: SRR) – Trading Halt

Description

 

The securities of Sarama Resources Ltd (‘SRR’) will be placed in trading halt at the request of SRR, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Thursday, 21 November 2024 or when the announcement is released to the market.


 

Issued by

 

ASX Compliance


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.

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Sarama Resources (ASX:SRR)

Sarama Resources


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

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.

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Fremont mine.

Gold Rush 2.0: Why California is Poised for a Mining Renaissance

With modern technology, a rising gold price and renewed government support for domestic mineral production, mining companies and investors are taking a second look at historic districts and brownfield projects once considered uneconomic — and California’s long-overlooked gold deposits are squarely back in focus.

The California Gold Rush of 1848 wasn’t just a pivotal moment in American history — it was one of the most profitable mineral booms ever recorded. Sparked by a discovery at Sutter’s Mill, the gold rush drew over 300,000 people and produced more than 25 million ounces of gold, much of it from the now-famous Mother Lode Belt.

At the peak of the gold rush, California was producing nearly 1 million ounces per year, including an estimated 1.4 million ounces from the Mariposa District alone. However, the low price of gold at the time and limitations with mining methods during the 19th and early 20th century, have left much of the gold-bearing rock unmined.

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Torex to Acquire Prime Mining in US$449 Million Deal, Expands Mexican Gold-Silver Portfolio

Torex Gold (TSX:TXG,OTCQX:TORXF) is acquiring Prime Mining (TSX:PRYM,OTCQX:PRYM) in an all-share deal worth US$449 million, gaining full control of the Los Reyes gold-silver project in Mexico as it builds out an Americas-focused mining portfolio.

Under the terms of the deal, Torex will gain 100 percent ownership of Prime’s Los Reyes project in Sinaloa, an advanced-stage gold-silver asset with indicated resources of 1.5 million ounces of gold and 54 million ounces of silver, and inferred resources of 538,000 ounces of gold and 21.6 million ounces of silver.

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Sranan Gold (CSE:SRAN)

Sranan Gold

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Newmont Uses Drones, Remote Equipment to Reach Trapped Miners in Red Chris Mine

Newmont (TSX:NGT,NYSE:NEM) has deployed drones and a remote-controlled scoop to help rescue three workers trapped underground since Tuesday (July 22) at its Red Chris gold mine in BC.

The incident occurred during work on a non-producing section of the mine’s underground development project.

According to the company, the three contract employees were initially located more than 500 meters beyond the site of the first collapse. They were directed to relocate to a designated refuge chamber before a second fall of ground sealed off the access way and disrupted communication.

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Sarama Resources

Sarama Resources Investor Kit

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