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Sipa Resources Limited ( (AU:AUV) ) has provided an announcement.
Auravelle plans to soon commence a new reverse circulation drilling campaign at its Nuckulla Hill Gold Project, targeting the Sheoak and Sheoak East prospects within the Yarlbrinda Shear Zone. The program will concentrate on infilling and extending known high-grade mineralisation at Sheoak and following up early-stage anomalies at Sheoak East, guided by recent detailed aeromagnetic data.
Previous drilling at Sheoak returned broad, high-grade gold intercepts and outlined at least 600 metres of gold anomalism that remains open along strike and at depth. The upcoming RC work, along with a planned larger-scale regional aircore program, is aimed at expanding the project’s mineralised footprint and testing multiple structurally defined targets, potentially enhancing Auravelle’s resource growth prospects and regional positioning.
More about Sipa Resources Limited
Auravelle is an Australian gold exploration company focused on the Nuckulla Hill Gold Project in South Australia. Its activities centre on discovering and defining high-grade gold mineralisation within the Yarlbrinda Shear Zone, a highly prospective belt that also hosts Barton Gold Holdings’ nearby 1.6Moz Tunkillia Gold Project.
Average Trading Volume: 936,473
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$9.57M
Find detailed analytics on AUV stock on TipRanks’ Stock Analysis page.