Samaranta Mining Corp. Announces New Acquisition

Brittney Barrett |

For the past decade, gold has been on a bull run and recent months have served to further amplify that trend. Rising market volatility and waning global economic growth rates have signaled investors to flood safe havens. More and more, the market mantra seems to be the more gold the better.  Samaranta Mining Corporation (SAX.TSXV) appears to be taking that sentiment seriously, announcing Wednesday that it has acquired an 80 percent interest in the 14,300 hectare Siguire property in the historically prolific Birimian Greenstone Belt in Guinea, West Africa.

The combination of current market attitudes and the history of success in the surrounding area of the project could be a potential boon for Samaranta, which is already engaged in the exploration of the Guadalupe property in Antioquia, Colombia.  Thus far, the Guadalupe property has offered optimistic survey results, but given the current market forces, there is plenty of impetus to expand.

The latest property is located south and east of AngloGold Ashanti's Siguiri Mine in north-east Guinea approximately 850 km from the capital city of Conakry. The surrounding property is recognized for its abundant gold production and Samaranta is confident that their latest acquisition will also host mineralization given that the strike projections of the AGA Siguiri Mine shear zones and veins trend toward the property.

A high quality gold property like Siguire does not come along often, especially during times of such high demand for gold. Volatility has morphed into the new standard in trading and investors continue to struggle with adapting to the changes. The solution has been to invest in well recognized secure zones, with gold being the primary play.

Adding to the power of the precious metal is the decision by Switzerland to cap the price on its own currency. The Swiss Franc has been looked upon as another potential safe haven in an uncertain market, but the new rules have limited trading possibility and further enhanced the power and price of gold.

These factors are likely to inspire continued elevated demand for gold and Samaranta, with its expanding array of properties and aggressive exploration is positioning itself well to profit from the shifts in the market.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


Symbol Name Price Change % Volume
FIX Comfort Systems USA Inc. 38.65 5.80 17.66 687,308


Emerging Growth

Sack Lunch Productions Inc

Sack Lunch Productions Inc is an entertainment company. The Company, through its subsidiaries, is engaged in event management, production service, film production and distribution services.

Private Markets

Ozobot by Evollve Inc

Ozobot is a world leader in compact super intelligent robots that entertain and educate through fun interactive gaming.

Initial State

Initial State is an Internet of Things (IoT) data analytics & data management platform company. We turn sensor and event data into information that matters by making it easy to…