Sarama Resources Expands Footprint with Mt Venn Gold Project Acquisition

Sarama Resources ( (TSE:SWA) ) just unveiled an announcement.

Sarama Resources Ltd. has executed a binding agreement to acquire a majority interest in the Mt Venn Gold Project, located in the Eastern Goldfields of Western Australia. This acquisition, alongside the recently acquired Cosmo Project, expands Sarama’s exploration footprint to 1,000km² in the Laverton Gold District, a region known for its significant gold deposits. The strategic acquisition enhances Sarama’s potential for future gold discoveries, supported by a favorable litho-structural setting and historical exploration data. The project is located near significant gold mines and deposits, and Sarama has secured a land access agreement with Traditional Owners, facilitating exploration activities.

More about Sarama Resources

Sarama Resources Ltd. is a company operating in the mining industry, primarily focusing on gold exploration and development. The company is listed on the Australian Securities Exchange (ASX:SRR) and the TSX Venture Exchange (TSX-V:SWA). Sarama is engaged in acquiring and developing gold projects, with a particular focus on underexplored regions with significant gold endowment potential.

YTD Price Performance: 50.0%

Average Trading Volume: 143,989

Technical Sentiment Consensus Rating: Hold

Current Market Cap: C$10.83M

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