Sarama Resources Ltd. (“Sarama” or the “Company”) (ASX:SRR, TSX- V:SWA) is pleased to present its investor presentation.
50KM UNEXPLORED GREENSTONE BELT IN WA + 0.5M OZ OF GOLD IN WEST AFRICA
Sarama has signed a Non-Binding MOU1 to acquire the Cosmo Newbery Project, highlights include:
Project situated on one of the last unexplored greenstone belts in Western Australia
Tenure is contiguous over 583km2 and covers the entire +50 km of greenstone belt
The belt has seen virtually no modern exploration and no drilling of merit
Located 95km west of +7Moz Gruyere (Gold Road) and 85km northeast of Laverton
Documented historical gold workings (discovered in 1890’s)
Reserve since 1980 but Land access now obtained, easy access via Great Central Road
Material additional value includes:
Burkina Faso gold assets including 100% owned, 0.5Moz (Inf) Bondi Gold Deposit2
Significant arbitration claim3
COSMO NEWBERY PROJECT LOCATION
LOOKING FOR GOLD IN AN AREA SURROUNDED BY GOLD
LARGE AND PROSPECTIVE SYSTEM WITH MULTIPLE TARGETS TO BE TESTED
Cosmo Newbery greenstone belt has clear gold showings and strong geological and structural similarities to the adjacent Dorothy Hills greenstone belt which hosts the +7Moz Gruyere gold deposit
Project is underlain by prospective volcanic and volcano-sediment rocks with localised intrusives, however is mostly under shallow cover and has seen little to no significant exploration
A major regional fault/shear system extends for over 50km through the Project
The fault/shear system combined with granite-greenstone rocks has the potential to provide requisite fluid pathways and favorable host rocks that are amenable to gold mineralization
Historic, small-scale mining east of this regional system indicates gold deposition in the immediate area
Soil geochemical and geophysical surveys identified numerous exploration targets for gold and nickel-cobalt
Currently 8 areas of interest & 17 specific interpreted targets for follow up