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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 entered into a binding agreement to acquire an interest in the Cosmo Newbery Gold Project in Western Australia. The 580 km2 project covers the entirety of the Cosmo-Newbery Greenstone Belt and is located approximately 85 km north-east of Laverton.


TSXV:SWA - Post by User

Sarama Resources Ltd
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Post by kkkrrrron Feb 07, 2017 1:07pm
335 Views
Post# 25810991

SWA is high risk...

SWA is high risk...
after all the drilling at houndre South the resource will grow maybe to 2.5 - 3 million Ounces someday ... but the ownership will shrink to 25%   ... the other 2 deposits are small in size and not enough for a mine..for now  ...

SWA is a bet on future drilling success ....     i bought a small amount of share as a wildcard...

better buys are Hummingbird,Avnel gold and Orezone ...  all 3 are top-takeover-targets
Bullboard Posts
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