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 > Bantou

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Comment by templetooth2on Nov 24, 2021 6:44pm

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Post# 34163568

RE:RE:Bantou

I'm just trying to establish, in my own mind, what's a reasonable value for Sarama when it's producing news - as opposed to its current state of affairs of borderline dead.

You might be right about it taking years for Sarama to de-risk their project. I have no idea what the drill density is, or what volume of drilling would be required to establish a million oz proven. But it's my understanding a lot of drilling has been done, historically, and so I'm along for the ride.

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