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Sipa Resources Limited ( (AU:AUV) ) has provided an announcement.
Auravelle Metals Limited has completed a follow-up reverse circulation drilling program at the Sheoak gold prospect in South Australia, part of its Nuckulla Hill Gold Project. This program, which is the company’s third gold-focused drill initiative since early 2025, aimed to confirm the orientation and continuity of known mineralization and explore extensions beyond the current 200m strike length. The successful completion of the drilling, which intersected silica-sericite alteration in most holes, is expected to provide valuable insights into the gold mineralization’s grade distribution and strike extent, setting the stage for further exploration in 2026.
More about Sipa Resources Limited
Auravelle Metals Limited is a company operating in the mining industry, with a focus on gold exploration. Their primary activities involve drilling and exploration projects, particularly within the Nuckulla Hill Gold Project in South Australia. The company is actively engaged in identifying and developing gold prospects, such as the Sheoak prospect, within the highly prospective Yarlbrinda Shear Zone.
Average Trading Volume: 2,693,089
Technical Sentiment Signal: Buy
Current Market Cap: A$9.96M
For detailed information about AUV stock, go to TipRanks’ Stock Analysis page.