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 > EDV & YOU

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Post by ukermannon Jul 08, 2020 6:44am

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Post# 31237762

EDV & YOU

So as gold continues its march towards $2000 US, EDV stands alone to be the logical acquirer of SWA. Partners in Karankasso, we offer over 2 million easy ounces to their mix. Why they are waiting is beyond me. Every 1% of their share price/market cap equals approx $35 million bucks, so on a good day where the share price moves say 2%, thats the $70 mill SWA would agree to. EDV is up about 12% in the last week or so, since the Semafo closing. Time is ticking away....

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