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Sarama Resources Ltd V.SWA

Alternate Symbol(s):  SRMMF

Sarama Resources Ltd. is an Australia-based gold explorer and developer. The Company is focused on establishing a new mining district in Burkina Faso. The Company’s projects include Sanutura Project, Karankasso Project and Koumandara Project. The Sanutura Project is located approximately 350 kilometers (km) southwest of Ouagadougou. Its 100% owned Sanutura and Koumandara Projects cover approximately 2,000 km2 of prospective and geologically greenstone terrane. The southern Sanutura Project area covers approximately 1,454 square kilometers of prospective greenstone terrane. The Karankasso Project is situated 130 km southwest of Endeavour Mining’s Mana Mine, Fortuna Silver’s Yaramoko Mine and approximately 60 km south of Endeavour Mining’s Hounde Mine. The Koumandara Project covers approximately 600 km2 and is situated in the northern Banfora Greenstone Belt, approximately 80 km west of Sarama’s Sanutura Project.


TSXV:SWA - Post by User

Comment by mercedesmanon Sep 02, 2022 9:43pm
94 Views
Post# 34939716

RE:RE:Big finds…

RE:RE:Big finds…

"Sarama's approximate market capitalization of A$20M(6) presents a deeply discounted valuation for the Project's Mineral Resource base of 0.6Moz Au (Indicated) plus2.3Moz Au (Inferred)(1), even more so considering that the current drill program is anticipated to yield a significant increase."
 

after a mineral Resource upgrade it will, IMO, be "meaningful" to Endeavour. 
 

Teranga acquired valuable Senegal properties from Barrick in return for shares. 

afterwards Endeavour bought out Teranga, and then Semafo. 

Edv has a long pipeline however I believe they would be happy to add an easy 5M+ oz in their own backyard ( a hop skip and a jump to existing infrastructure) 

they are likely in the drivers seat, and that is why I own some of it as well. 

w african consolidation is far from over. 

check out Orezone as well. First pour coming up

MM 

 

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