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Sipa Resources Limited ( (AU:AUV) ) has shared an update.
Auravelle has launched a major new exploration phase at its Nuckulla Hill Project, including a detailed 9,400-line kilometre aerial magnetic survey over the entire 40km Yarlbrinda Shear Zone. The higher-resolution data, combined with recent structural studies and soil sampling, is expected to generate and refine targets across the belt, which also hosts Barton Gold’s 1.6Moz Tunkillia project and Auravelle’s Sheoak prospect.
At Sheoak, the company has completed down-hole televiewer surveys to better understand structural controls on the gold system and is starting preliminary metallurgical bottle-roll testwork to assess gold recoveries. In-fill and extensional reverse circulation drilling is scheduled to begin within weeks, aimed at expanding the current 600m strike of gold anomalism and supporting potential future development studies.
More about Sipa Resources Limited
Auravelle Limited is an Australian mineral exploration company focused on gold discovery and development. Its flagship Nuckulla Hill Project in South Australia targets the highly prospective Yarlbrinda Shear Zone, adjacent to Barton Gold’s Tunkillia deposit, with particular emphasis on advancing the Sheoak gold prospect.
Average Trading Volume: 4,195,432
Technical Sentiment Signal: Buy
Current Market Cap: A$12.29M
See more data about AUV stock on TipRanks’ Stock Analysis page.