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Sipa Resources Limited ( (AU:AUV) ) has issued an update.
Auravelle has reported resampling results from its November 2025 reverse circulation drilling at the Sheoak prospect, confirming very high-grade gold intervals up to 20g/t and broad zones such as 21m at 3.1g/t from 54m, including 3m at 10.5g/t. Additional intercepts, including 5m at 5.8g/t with a 1m interval at 20.2g/t and mineralisation encountered 200m south of the main zone, extend the Sheoak gold trend to more than 600m, which remains open in multiple directions.
Management says these results reinforce the scale potential of the Nuckulla Hill Project, positioning Sheoak as just one of several promising targets within the Yarlbrinda Shear Zone. Auravelle plans further RC drilling at Sheoak in coming weeks to infill and extend mineralisation, followed by a regional aircore program testing multiple gold targets, setting up an active news flow period and potentially enhancing the company’s exploration credentials in a competitive gold district.
More about Sipa Resources Limited
Auravelle Limited is an Australian gold exploration company focused on advancing its Nuckulla Hill Gold Project in South Australia. Its key targets lie along the highly prospective Yarlbrinda Shear Zone, a major regional gold-hosting structure that also contains Barton Gold Holdings’ 1.6Moz Tunkillia Gold Project, underscoring the project’s strategic location.
Average Trading Volume: 4,210,790
Technical Sentiment Signal: Buy
Current Market Cap: A$10.85M
Learn more about AUV stock on TipRanks’ Stock Analysis page.