Crazy Flux
  • Business
  • World
  • Stocks
  • Investing
  • Business
  • World
  • Stocks
  • Investing

Crazy Flux

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

previous post
What Was the Highest Price for Gold?
next post
High-Grades up to 65g/t Au at Second Fortune Gold Mine

Related Posts

Crypto Market Recap: CME Launches SOL Futures Contracts,...

March 19, 2025

Approval of Inland Rail Facility by Government of...

February 4, 2025

Stunalara Acceptances Reach 73.5%

March 20, 2025

Oil Markets Buckle Under Tariff Pressure, Recession Fears...

April 9, 2025

Buffett Hands Over Reins, What’s Next for Berkshire’s...

May 10, 2025

Experts: Battery and Precious Metals Emerging as New...

February 24, 2025

Chris Taylor Sets Sights on Gold, Antimony in...

February 8, 2025

PDAC Presentation

February 24, 2025

SCRi Announces Seventh Consecutive Quarter of Revenue Growth...

March 26, 2025

Blue Lagoon Closes Final Tranche Of Financing –...

April 30, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


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

    Recent

    • Zelensky departs Germany with pledge for help with long-range weapons, but no Taurus missiles

      May 29, 2025
    • Costa Rican police say they busted crime ring trafficking Asian migrants to US

      May 29, 2025
    • Brazilian nuns go viral after beatboxing on Catholic TV

      May 29, 2025
    • Hundreds of starving Palestinians storm Gaza food warehouse in deadly incident, says UN agency

      May 29, 2025
    • ‘We are living in a war’: Mexicans brace for violence ahead of judicial elections

      May 29, 2025
    • He left Venezuela for the US, dreaming of a career in cosmetics. He was deported to a Salvadoran prison

      May 29, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: crazyflux.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 crazyflux.com | All Rights Reserved