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Sarama Corporate Presentation – June 2024

Sarama Resources Ltd. (“Sarama” or the “Company”) (ASX:SRR, TSX- V:SWA) is pleased to present its investor presentation.

INVESTMENT HIGHLIGHTS

50KM UNEXPLORED GREENSTONE BELT IN WA + 0.5M OZ OF GOLD IN WEST AFRICA

Sarama has signed a Non-Binding MOU1 to acquire the Cosmo Newbery Project, highlights include:

  • Project situated on one of the last unexplored greenstone belts in Western Australia
  • Tenure is contiguous over 583km2 and covers the entire +50 km of greenstone belt
  • The belt has seen virtually no modern exploration and no drilling of merit
  • Located 95km west of +7Moz Gruyere (Gold Road) and 85km northeast of Laverton
  • Documented historical gold workings (discovered in 1890’s)
  • Reserve since 1980 but Land access now obtained, easy access via Great Central Road

Material additional value includes:

  • Burkina Faso gold assets including 100% owned, 0.5Moz (Inf) Bondi Gold Deposit2
  • Significant arbitration claim3

COSMO NEWBERY PROJECT LOCATION

LOOKING FOR GOLD IN AN AREA SURROUNDED BY GOLD

EXPLORATION OPPORTUNITY

LARGE AND PROSPECTIVE SYSTEM WITH MULTIPLE TARGETS TO BE TESTED

  • Cosmo Newbery greenstone belt has clear gold showings and strong geological and structural similarities to the adjacent Dorothy Hills greenstone belt which hosts the +7Moz Gruyere gold deposit
  • Project is underlain by prospective volcanic and volcano-sediment rocks with localised intrusives, however is mostly under shallow cover and has seen little to no significant exploration
  • A major regional fault/shear system extends for over 50km through the Project
  • The fault/shear system combined with granite-greenstone rocks has the potential to provide requisite fluid pathways and favorable host rocks that are amenable to gold mineralization
  • Historic, small-scale mining east of this regional system indicates gold deposition in the immediate area
  • Soil geochemical and geophysical surveys identified numerous exploration targets for gold and nickel-cobalt
  • Currently 8 areas of interest & 17 specific interpreted targets for follow up
Click here for the full ASX Release

This post appeared first on investingnews.com

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