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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 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.


TSXV:SWA - Post by User

Bullboard Posts
Comment by MiningBookGuyon May 05, 2016 9:04pm
79 Views
Post# 24846562

RE:Congrats MiningBookGuy...

RE:Congrats MiningBookGuy...Thanks siempre33! 

SWA is moving in the right direction, that's for sure. While trading volume was down today, it's very clear there are very few sellers left (at least at these prices). And it's good to see multiple buyers. Overall very positive.

The big question remains the drill results. I will just emphasize that while it will be ideal for 'great' drill results in this 1st Phase Acacia/SWA JV in 2016, there will be some drill results from the SCA/SWA JV perhaps within 1-2 months from now. And then further results for the Acacia/SWA JV, though not sure when to expect those yet.

This is what keeps me confident as a shareholder, since there are multiple opportunities for new discovery, and are fully-funded at least for H1 2016. Just really hoping these first results come ASAP and show at least 'some' promise...

MBG
Bullboard Posts