{"id":2486,"date":"2025-07-23T13:40:24","date_gmt":"2025-07-23T13:40:24","guid":{"rendered":"https:\/\/thetradingdictionary.com\/index.php\/2025\/07\/23\/sarama-resources-completes-mt-venn-gold-project-acquisition\/"},"modified":"2025-07-23T13:40:24","modified_gmt":"2025-07-23T13:40:24","slug":"sarama-resources-completes-mt-venn-gold-project-acquisition","status":"publish","type":"post","link":"https:\/\/thetradingdictionary.com\/index.php\/2025\/07\/23\/sarama-resources-completes-mt-venn-gold-project-acquisition\/","title":{"rendered":"Sarama Resources Completes Mt Venn Gold Project Acquisition"},"content":{"rendered":"<\/p>\n<p><strong>Sarama Resources Ltd.<\/strong> (\u201cSarama\u201d or the \u201cCompany\u201d) (ASX:SRR, TSX- V:SWA) is pleased to advise that it has completed the previously announced acquisition (the \u201cTransaction\u201d) of a majority interest<sup>(1)<\/sup> in the under-explored, belt-scale 420km\u00b2 Mt Venn Project (the \u201cProject\u201d)<sup>(2)<\/sup>, located in the Eastern Goldfields of Western Australia. <\/p>\n<p>This follows Sarama\u2019s acquisition of a majority interest<sup>(3)<\/sup> in the nearby Cosmo Gold Project in December 2024. Together, these acquisitions create a 1,000km\u00b2 landholding covering two well-positioned and underexplored greenstone belts in the Laverton Gold District, an area which is known for prolific gold endowment and significant recent discoveries (refer Figure 1). <\/p>\n<p><strong>Highlights <\/strong><\/p>\n<ul class=\"ee-ul\">\n<li>Completion of Transaction for Sarama to acquire a majority interest<sup>(1)<\/sup> in, and control of, the Mt Venn Gold Project in Western Australia<\/li>\n<li>Located in the prolific Laverton Gold District, 35km from the producing Gruyere Gold Mine and less than 20km<\/li>\n<li>from Gold Road\u2019s Golden Highway Deposit<\/li>\n<li>Project covers 420km\u00b2 and features a favourable litho-structural setting, primarily in greenstone rocks<\/li>\n<li>Includes regional shear zone of ~50km strike length and 1-3km width extending full length of greenstone belt<\/li>\n<li>Advanced gold targets generated through historical exploration, including broad drill-defined gold mineralisation<\/li>\n<li>Creates 1,000km\u00b2 exploration position in the Laverton Gold District, capturing 100km of strike length<\/li>\n<li>Mt Venn is 40km from Sarama\u2019s Cosmo Project<sup>(3)<\/sup> that is target-rich and hosts approximately 45km strike of gold trends up to 1.8km in width<sup>(6)<\/sup>.<\/li>\n<li>Initial exploration to be advanced by the recent equity raise of A$2.7M <\/li>\n<\/ul>\n<div><\/div>\n<p><strong>Sarama\u2019s Executive Chairman, Andrew Dinning commented:<\/strong><\/p>\n<\/p>\n<p><em>\u201cWe are very pleased to have completed the acquisition of a majority interest in the Mt Venn Project, significantly expanding our footprint in the Laverton Gold District and consolidating a 1,000km\u00b2 landholding with strong discovery potential, in a region that has delivered multiple high-quality gold deposits, including the nearby Gruyere Deposit.<\/em><\/p>\n<p><em>Mt Venn lies just 40km from our Cosmo Gold Project(3), with both showing strong gold anomalism. Cosmo hosts approximately 45km of mineralised gold trends up to 1.8km wide(6), while Mt Venn&#8217;s soil sampling, historic workings, early drilling, and polymetallic nature highlight potential for a large-scale mineralized system. We see considerable exploration upside across both projects and with compelling targets already identified, we look forward to unlocking their value through focused and systematic exploration.\u201d <\/em><\/p>\n<\/p>\n<p><strong>Click here for the full ASX Release<\/strong><\/p>\n<\/p>\n<div>This post appeared first on investingnews.com<\/div>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sarama Resources Ltd. (\u201cSarama\u201d or the \u201cCompany\u201d) (ASX:SRR, TSX- V:SWA) is pleased to advise that it has completed the previously announced acquisition (the \u201cTransaction\u201d) of a majority interest(1) in the under-explored, belt-scale 420km\u00b2 Mt Venn Project (the \u201cProject\u201d)(2), located in the Eastern Goldfields of Western Australia. This follows Sarama\u2019s acquisition of a majority interest(3) in&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2487,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/posts\/2486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/comments?post=2486"}],"version-history":[{"count":0,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/posts\/2486\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/media\/2487"}],"wp:attachment":[{"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/media?parent=2486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/categories?post=2486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/tags?post=2486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}