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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 ukermannon Mar 26, 2020 7:31pm
117 Views
Post# 30851356

RE:a take over fight will beginn now !

RE:a take over fight will beginn now !EDV has been trying to get into SMF for over a year. They were pretty close to making a deal, then it went bust, and that was at a much higher price. Now, with SMF being temporarily wounded, they just couldn't pass it up. Nordgold could very well have been the wild card here.They too, are/were quite capable of consolidating the district, but once they moved on Cardinal, that clears the field for EDV. Nord has issues bringing Columbus Gold, (5 million z's) thru permitting, so Cardinal fits their timetable. Teranga would do themselves a favor to grab SWA early to fatten up the ounces in order to get a better deal from EDV, as I'm sure thats where this is going. All these guys want to claim more ounces in their reserve reports. Easy ounces, right in your backyard are hard to find.
Bullboard Posts