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Sipa Resources Limited ( (AU:SRI) ) has shared an update.
Sipa Resources Limited has commenced its first gold-focused drilling program at the Nuckulla Hill Gold Project in South Australia. This initiative marks a significant step in exploring the Sheoak and Bimba prospects, which were last drilled in 1997 and are part of the Yarlbrinda Shear Zone, known for hosting substantial gold deposits. The drilling program aims to enhance understanding of the mineralization in these prospects, potentially impacting Sipa’s operational strategy and positioning within the gold exploration sector.
More about Sipa Resources Limited
Sipa Resources Limited is a company operating in the mining industry, focusing primarily on gold exploration and development. The company has recently acquired several gold projects, including Nuckulla Hill, Tunkillia North, and Skye, and is actively engaged in exploration activities in these areas.
Average Trading Volume: 2,033,005
Technical Sentiment Signal: Buy
Current Market Cap: A$7.08M
See more insights into SRI stock on TipRanks’ Stock Analysis page.