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Sipa Resources Limited ( (AU:AUV) ) just unveiled an announcement.
Auravelle Metals has reported broad, high‑grade gold intercepts from reverse circulation drilling at the Sheoak prospect within its Nuckulla Hill Gold Project in South Australia, including a standout interval of 28 metres at 3.4 g/t gold from 48 metres, with higher‑grade sub‑intervals and additional strong results such as 8 metres at 2.2 g/t and 16 metres at 1.3 g/t. The Sheoak gold trend is now defined over at least 600 metres and remains open along strike and at depth, and, against a strong gold price backdrop, the company plans multiple follow‑up and regional drill programs across its South Australian and Western Australian assets in 2026, underscoring its efforts to grow its gold inventory and improve its strategic position in a prolific shear-zone‑hosted gold district.
More about Sipa Resources Limited
Auravelle Metals Limited (ASX: AUV) is a gold exploration company focused on advancing prospects within the Nuckulla Hill Gold Project in South Australia and additional early-stage gold projects in South Australia and Western Australia. Its key areas of interest lie along the highly prospective Yarlbrinda Shear Zone, near Barton Gold’s 1.6Moz Tunkillia Gold Project, and in regions adjacent to other established gold deposits, reflecting a strategy of targeting underexplored but mineralisation-rich terrains.
Average Trading Volume: 1,976,018
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$8.63M
See more insights into AUV stock on TipRanks’ Stock Analysis page.