Sarama Resources Expands in Western Australian Goldfields with Mt Venn Acquisition

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

Sarama Resources has executed a non-binding Heads of Agreement with Orbminco Limited to acquire a majority interest in the Mt Venn Project, located in Western Australia’s Eastern Goldfields. This acquisition, combined with Sarama’s recent acquisition of the Cosmo Project, consolidates Sarama’s position in the Laverton Gold District, creating a significant exploration area of 1,000 km². The Mt Venn Project, known for its favorable geological setting, enhances Sarama’s potential for discovering new gold deposits, particularly given its proximity to major existing deposits like the Gruyere Deposit. The transaction is expected to leverage Sarama’s exploration capabilities and contribute significantly to its growth strategy in the region.

More about Sarama Resources

Sarama Resources Ltd. is a company involved in the mining industry, focusing on the exploration and development of gold projects. The company operates primarily in Australia and Canada, with a market focus on underexplored regions with potential for significant gold deposits.

YTD Price Performance: 15.00%

Average Trading Volume: 159,755

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: C$8M

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