Sarama Resources announce that several large trends of gold anomalism have been delineated by the recently completed regional soil geochemistry survey at its Cosmo Gold Project in the Laverton Gold District of Western Australia. The results are the product of the first significant and systematic exploration program conducted on the belt-scale project and the Company is encouraged by the scale of the anomalism and strength of targets delineated.
The anomalous trends, which extend in aggregate for approximately 45km with individual strike lengths up to approximately 7km, are located in a range of litho-structural settings, illustrating the geological diversity of the Project and its potential to host multiple styles of gold mineralisation.
Sarama’s Executive Chairman, Andrew Dinning commented, “We are very encouraged by these early results, which represent a strong start to our exploration at the Cosmo Gold Project. The scale and number of gold anomalies highlight the Project’s potential and aligns well with our broader strategy to unlock value across our 1,000km² (1,2,3) landholding in the highly prospective Laverton Gold District.
These results help refine our exploration focus and provide a solid foundation for prioritising key targets and planning the next phase of work, including targeted geochemistry and reconnaissance drilling.”
The Cosmo Project is comprised of 7 contiguous exploration tenements covering approximately 580km² in the Eastern Goldfields of Western Australia. Despite this significant prospectivity, the Project has seen virtually no modern exploration or drilling of merit due to a lack of land access persisting over a significant period.
As a result, the Project has not benefited from the evolution of geochemical and geophysical techniques which now facilitate effective exploration in deeply weathered and complex regolith settings. This is particularly pertinent given approximately 75% of the Project area is under cover.
Initial soil geochemistry programs conducted by Sarama have outlined extensive gold-in-soil anomalism and future exploration programs, including infill soil geochemistry and reconnaissance drilling, will initially follow-up these promising target areas.
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