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Sarama Resources Granted Additional Licences In Liberia

Sarama Resources Limited (SWA.V) has provided an update on the Company's operations in Liberia, West Africa.

Two new mineral reconnaissance licences have been granted in Grand Cape Mount and Lofa Counties, taking Sarama's total exploration landholding in Liberia to over 2,400km squared.

Commencement of large scale soil geochemistry programs on high priority exploration properties following field reconnaissance and completion of target generation work.

Completion of the first phase of a detailed airborne geophysical survey over the Gbarpolu exploration property. Mobilisation for 2nd phase airborne survey for the Cape Mount and Grand Bassa exploration properties underway.

Reconnaissance fieldwork confirms the presence of gold mineralisation and prevalence of artisanal gold mining in the Archean terranes of the Company's exploration properties.

Sarama's successful C$16.7M initial public offering on the TSX Venture Exchange on Nov 2, has placed it in a strong position to aggressively explore its landholdings, the company said in a statement.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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