Sarama Resources Advances Laverton Gold Play with Cosmo Soil Survey Results
Sarama Resources has completed a large-scale soil geochemistry survey at its Cosmo Gold Project in Western Australia, marking the first systematic exploration phase on this underexplored gold belt. Analytical results from approximately 5,000 samples are now under review, setting the stage for potential drill targets.
- Completion of initial large-scale soil geochemistry program at Cosmo Gold Project
- Approximately 5,000 soil samples collected across 580km² in Laverton Gold District
- Assay results received and interpretation underway, expected in 2-3 weeks
- Cosmo Project forms part of Sarama’s 1,000km² landholding near Gruyere Gold Mine
- Sarama holds 80% interest in most tenements with option to increase ownership
Exploration Milestone in Laverton
Sarama Resources Ltd (ASX: SRR) has reached a significant milestone at its Cosmo Gold Project in Western Australia's prolific Laverton Gold District by completing its first major and systematic soil geochemistry survey. Covering a vast 580 square kilometres, this foundational exploration program represents the company’s initial step in unlocking the potential of an underexplored greenstone belt known for hosting substantial gold deposits.
The survey, conducted predominantly in late 2024 and early 2025, involved collecting soil samples from around 5,000 sites. These samples were strategically gathered on grids spaced between 400 to 800 metres apart, with tighter sampling in priority zones. The approach was designed to generate a broad understanding of the geochemical landscape and identify promising drill targets for follow-up exploration.
Interpreting the Data
Analytical results from the laboratory have now been received, and Sarama is in the process of interpreting these assays in the context of local geology and regolith characteristics. This interpretative phase is expected to conclude within the next two to three weeks. The company anticipates that this work will highlight areas of significant interest, potentially warranting more detailed infill soil sampling or direct drill testing to assess mineralisation.
Andrew Dinning, Sarama’s President and Executive Chairman, expressed optimism about the program’s outcomes, noting that this is the first systematic exploration undertaken on the Cosmo Project since Sarama assumed management earlier this year. He emphasized the strategic importance of the project within Sarama’s broader 1,000 square kilometre landholding in the Laverton Gold District, which is adjacent to the producing Gruyere Gold Mine, a major regional gold operation.
Strategic Positioning and Future Prospects
The Cosmo Gold Project comprises multiple exploration licences, with Sarama holding an 80% interest in most tenements and a 60% interest in one licence, with options to increase ownership. This sizeable footprint positions Sarama as a notable player in a region renowned for its gold endowment but still offering significant exploration upside due to its underexplored nature.
Beyond Cosmo, Sarama is also progressing towards acquiring an 80% interest in the nearby Mt Venn Project, further consolidating its presence in the Laverton district. This acquisition, expected to complete by mid-2025, would expand Sarama’s exploration portfolio to approximately 1,000 square kilometres, reinforcing its commitment to discovering new gold resources in one of Australia’s most prolific gold belts.
While the initial soil geochemistry results are promising, the true test will come with the interpretation of these assays and subsequent drill programs. The company’s experienced management team, with a track record in global exploration and development, is well placed to advance these projects towards value creation for shareholders.
Bottom Line?
Sarama’s next few weeks of assay interpretation will be critical in defining drill targets that could unlock significant value in the Laverton Gold District.
Questions in the middle?
- What specific geochemical anomalies have emerged from the soil survey and where are they located?
- When will Sarama commence drilling, and what scale of drilling is planned based on current data?
- How will the pending Mt Venn Project acquisition impact Sarama’s exploration strategy and resource potential?
