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Sarama Resources Ltd. (“Sarama” or the “Company”) (ASX:SRR, TSX- V:SWA) is pleased to advise that it has commenced a multi-stage regional soil-geochemistry program at its majority- owned⁽¹⁾ 580km² Cosmo Gold Project (the “Project”)⁽²⁾ in the Eastern Goldfields of Western Australia. The program is the most significant exploration work to be undertaken on the Project in decades and is a foundational stage for drill target generation.

The program follows the Company’s acquisition of a majority and controlling interest in the Project in December 2024 and its agreement to acquire a majority and controlling interest in the nearby Mt Venn Project in January 2025(3). In aggregate, the belt-scale projects will cover approximately 1,000km²^(2,3) and +100km of strike-length of greenstone rocks and are well-positioned and underexplored, presenting an exciting opportunity for Sarama in the Laverton Gold District which is known for its prolific gold endowment (refer Figure 1).

Highlights

• Large-scale soil geochemistry program underway at the Cosmo Project to progress drill targeting
• Program is the most significant exploration works undertaken on the Project in several decades
• Initial focus on areas with large-scale structural features and lithological contacts identified in recent interpretation of airborne geophysical datasets
• Surface grab sampling returned grades up to 52g/t Au⁽⁵⁾ in historical exploration within the Project
• Fieldwork already underway with experienced field crews mobilised; first samples for analysis in 2 weeks
• Opportunity for recommencement of modern exploration due to changes in land access
• Follows the recent execution of a non-binding Heads of Agreement to acquire majority interest in belt-scale Mt Venn Project⁽³⁾
• Sarama’s recent acquisitions will create in aggregate a 1,000km² exploration position^(2,3) capturing 100km of strike length in underexplored terrane
• Projects located in the prolific Laverton Gold District, proximal to the producing Gruyere Gold Mine⁽⁴⁾

Sarama’s President, Executive Chairman, Andrew Dinning commented:

“We are very pleased to get exploration underway and bring the belt-scale Cosmo Project to account. Cosmo is genuinely underexplored, has all the geological ingredients to generate a discovery and with core team members that led the discovery of the multi-million ounce Moto and Sanutura⁽⁶⁾ Projects in Africa and we look forward to seeing what this project can deliver. Leveraging its position at the Cosmo Project, upon completion of the transaction to acquire a majority interest in the nearby Mt Venn Project, Sarama will have 1,000km² of highly prospective ground in the prolific Laverton Gold District.”

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This article includes content from Sarama Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

Mount Hope Mining Limited (“MHM” or the “Company”) is pleased to advise it has received positive results from a pre-IPO orientation soil survey, confirming the historical surface geochemical data at its Black Hill and Mount Hope East prospects.

Highlights

• Strong copper, lead and silver results – Up to 710ppm Lead, 680ppm Copper, 250ppb Silver with anomalous zinc and gold, confirming historical data.
• Results confirm mineralisation – Two distinct metal types (copper-gold and silver-lead-zinc) identified in mineralisation, which is open in all directions at both Black Hill and Mount Hope East.
• Stage 2 soil survey commences – Stage 2 soil survey targeting remaining advanced targets Main Road East and Little Mt Solitary, along with infill grids at Mount Hope East and Black Hill, has commenced.
• Drilling Permits – Drill permit application commenced

“We are excited to present these initial positive results firom our soil orientation survey completed in December 2024. The purpose ofi the orientation survey was to verifiy the historic base metal anomalies defiined by previous explorers across the Company’s tenements.

“Our results confiirm elevated lead up to 709 ppm, copper to 680 ppm, silver to 250 ppb with anomalous gold and zinc. These fiindings also confiirm that mineralised corridors extend approximately 200m (north- south) at Mount Hope East and 400m (north-south) at Black Hill, both ofi which remain open in all directions. These results are consistent with the historical data, reinfiorcing the high prospectivity ofi our project and providing confiidence to advance the Stage 2 soil program.

“We have also successfiully demonstrated the efifiectiveness ofi the Ultrafiine+™ (UFF) analysis, which has never been trialled in our region. This ground-breaking assay technique, pioneered by LabWest h CSIRO, provides the Company with a fiast and cost-efifiective technique to cover large areas ofi concealed geology without drilling. This will ultimately have a positive efifiect on our expenditure moving fiorward, allowing us to conduct high-quality exploration work with reduced overhead.

“I look fiorward to providing fiurther updates as we progress our second stage ofi exploration at what is fiast becoming a prominent project in the prolifiic Cobar mining region.”

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This article includes content from Mount Hope Mining, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

Lithium Universe (LU7:AU) has announced MOU signed with Lafarge Canada Inc.

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Brightstar Resources (BTR:AU) has announced High-Grades up to 65g/t Au at Second Fortune Gold Mine

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