Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Investing

Sarama Resources Geochemistry Program Underway at Cosmo Gold Project

by admin February 10, 2025
February 10, 2025
Sarama Resources Geochemistry Program Underway at Cosmo Gold Project

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 post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
6 Biggest Crypto-Mining Stocks
next post
MOU signed with Lafarge Canada Inc.

Related Posts

E-Power Samples 34.8 % Cg in Newly Discovered...

August 2, 2024

Skyharbour Announces Closing of Private Placement for Gross...

December 21, 2024

WPIC: Platinum Due for Another Deficit as Price...

March 13, 2025

Rio Silver completes Definitive Agreement for the sale...

May 2, 2025

DFS Investor Webinar Presentation

July 2, 2025

Crypto Market Recap: Coinbase to Join S&P 500,...

May 16, 2025

Matt Geiger: Juniors at Inflection Point, Plus “Insane”...

October 31, 2024

Sarama Resources Completes Mt Venn Gold Project Acquisition

July 23, 2025

Development update – Collie graphite micronising facility

June 3, 2025

Crypto Market Recap: Institutional Investments, Stablecoin News and...

June 20, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Bernie Sanders calls for RFK Jr. to resign as HHS secretary over vaccine policies: ‘Rally the American people’

      September 2, 2025
    • Altech Batteries LtdCERENERGY Battery 46.7M Euro German Grant Approval

      September 2, 2025
    • Altech – CERENERGY Battery 46.7M Euro German Grant Approval

      September 2, 2025
    • Locksley Resources LimitedStrengthens Leadership to Accelerate Growth Strategy

      September 2, 2025
    • Trump nominees squeezed between ‘blue slips’ and blue obstruction

      September 1, 2025

    Categories

    • Business (1,092)
    • Investing (2,949)
    • Politics (3,599)
    • Stocks (1,155)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved