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Sipa Resources Limited ( (AU:AUV) ) has provided an announcement.
Auravelle has completed a high-resolution aerial magnetic survey over a 40km strike of the Yarlbrinda Shear Zone at its Nuckulla Hill Project, generating a high-quality dataset that sharpens geological interpretation and gold targeting. The work follows earlier drilling at the Sheoak prospect that delivered high-grade gold intercepts, reinforcing the area’s potential.
The new magnetic data improves understanding of structural controls on mineralisation, supports more precise drill positioning, and has revealed additional targets that underscore the scale opportunity at Nuckulla Hill. Auravelle is integrating these results with recent drilling, structural reviews, and soil sampling to optimise upcoming RC and aircore drill programs, signalling an intensified exploration push across its core gold assets in South Australia and Western Australia.
More about Sipa Resources Limited
Auravelle is an ASX-listed gold exploration company focused on advancing targets within the highly prospective Yarlbrinda Shear Zone in South Australia. Its projects include the Nuckulla Hill area, where it is pursuing shear-hosted gold opportunities adjacent to Barton Gold’s large Tunkillia deposit, alongside additional gold prospects in South Australia and Western Australia.
Average Trading Volume: 1,845,450
Technical Sentiment Signal: Buy
Current Market Cap: A$10.85M
For an in-depth examination of AUV stock, go to TipRanks’ Overview page.