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Sorrento Resources Ltd. ( (TSE:SRS) ) has issued an announcement.
Sorrento Resources Ltd. has significantly expanded its Rodgers Cove Gold Project in Newfoundland and Labrador by staking an additional mineral licence of 109 claims over 2,725 hectares, directly over the Appleton Fault Zone and adjoining New Found Gold Corp.’s Queensway expansion project, increasing the total project size by 72% to 260 claims covering 6,500 hectares. The enlarged land package, located in the prolific Central Newfoundland Gold Belt and featuring historical high-grade surface samples but no previous modern geophysics or drilling, positions Sorrento strategically for future exploration, with ongoing geochemical and geophysical work scheduled for completion by the end of 2025 and a fully funded diamond drilling program planned to start in early 2026, potentially enhancing the company’s growth prospects and regional competitive standing.
More about Sorrento Resources Ltd.
Sorrento Resources Ltd. is a Canadian mineral exploration company focused on acquiring, exploring, and developing precious metals, rare earth elements, gold, and base metal properties in Atlantic Canada, with key projects including the Bottom Brook, Rodgers Cove Gold, and Harmsworth VMS projects in Newfoundland and Labrador.
Average Trading Volume: 58,713
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$11.3M
Learn more about SRS stock on TipRanks’ Stock Analysis page.