Sarama Resources Ltd V.SWA

Alternate Symbol(s): SRMMF

Metals & Mining Gold

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 Sanutura Project is located approximately 350 kilometers (km) southwest of Ouagadougou. The Project covers approximately 1,454 square kilometers (km2) of prospective greenstone terrane. The Company holds approximately 17.52% holding in Joint Venture BFI Inc., which holds the exploration and evaluation asset pertaining to the Karankasso Project in Burkina Faso. 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 Company also has an 80 % interest in the Cosmo Newbery Gold Project in Western Australia, and consists of seven contiguous exploration tenements covering approximately 580km2 in the Eastern Goldfields of Western Australia, 85km north-east of Laverton and 95km west Gruyere Gold Mine.

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Sarama Resources Ltd

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Comment by jseyfferon May 11, 2015 1:23pm

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Post# 23715693

RE:RE:Really big Gold deposit

I don't know if they will become a producer or not.

Acacia Mining may build the mine, and they will get a 30% profit share.

Iamgolds Essakane mine, which holds similar grades, produces at $988 "All-in sustaining costs" , includes expansion drilling or $761 "Total cash costs" (without exploration)

Building a Team of a producer (Acacia) and an explorer (Samara) would make sense,

IMHO

Resources: Iamgolds Q1 Report 2015

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