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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (4706)	1/28/2014 5:38:37 PM
From: Goose94	Read Replies (1) \| Respond to of 203329

SWA-V nice run, closed $0.275 up 15.5 cents vol. 163,000 shs

To: Goose94 who wrote (4706)	3/11/2014 6:18:49 PM
From: Goose94	Read Replies (1) \| Respond to of 203329

Sarama Resources (SWA-V), Savary Gold (SCA-V) to form JV company March 11, 2014 - NR Savary Gold Corp. and Sarama Resources Ltd. have signed a heads of agreement in respect of a proposed joint venture arrangement between Sarama and Savary that will unify the operatorship of Savary's 500-square-kilometre Hounde South property and Sarama's 250-square-kilometre Serakoro 1 property. The proposed JV company will be 65 per cent owned by Savary and 35 per cent owned by Sarama. The combined properties host 50-kilometre- and 24-kilometre-long mining-camp-scale gold-in-soil anomalies, which, when tested, have returned numerous gold-bearing intercepts that will require follow-up. Drilling has commenced at the Karangosso zone where previous intercepts, hosted by a fractured felsic intrusion, returned 10.18 grams per tonne gold over 10.0 metres, 5.77 grams per tonne gold over 8.0 metres and 1.82 grams per tonne gold over 7.0 metres in two holes (see Jan. 20, 2014, Savary news release). Don Dudek, president and chief executive officer of Savary, commented: "This is a fantastic deal for Savary shareholders. In addition to teaming up with a well-respected mine-finding team and having access to their in-country operational team, Savary shareholders will now have a majority interest in a property package which essentially doubles the blue-sky potential of the Hounde South property in one of the most prospective gold belts in Burkina Faso. Both parties will also gain from cross-marketing opportunities and the reduction of funding risk as the project is moved forward. I am looking forward to working with the Sarama team and receiving the first drill results from the current program in the coming weeks." The heads of agreement includes the following indicative terms: Sarama will contribute its right and interest in its option to acquire the Serakoro 1 permit to the joint venture company once Savary has earned a 100-per-cent interest in its South Hounde permits. Savary will contribute its Hounde South permits to the joint venture company once Savary has earned a 100-per-cent interest in the property from Endeavour Mining Corp. Upon Savary earning its interest in the Hounde South permits and the parties executing final binding documentation, Sarama shall pay its pro rata share, 35 per cent, of the current, maximum $1-million (U.S.) exploration program, which will result in Savary completing its remaining earn-in commitments to Endeavour. Savary will receive 65 per cent of the shares in the joint venture company, and Sarama will receive 35 per cent of the shares in the joint venture company.