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Sorrento Resources Ltd. ( (TSE:SRS) ) has provided an update.
Sorrento Resources has mobilized drill crews and a diamond rig for the first-ever drilling campaign at its Rodgers Cove Gold Project in Newfoundland, marking a key step in advancing the asset. The initial program will comprise at least 10 diamond drill holes totaling about 1,500 metres, targeting three large soil gold anomalies outlined in earlier work.
Management highlighted that the scale of these anomalies, combined with strong past trenching results of up to 115.6 g/t gold over one metre, positions Rodgers Cove as a compelling exploration play within the Central Newfoundland Gold Belt. The project’s proximity to tidewater, road access, power infrastructure and the town of Gander underscores its logistical advantages as Sorrento seeks to strengthen its presence in a region known for multiple gold discoveries.
More about Sorrento Resources Ltd.
Sorrento Resources Ltd. is a Canadian mineral exploration company focused on acquiring, exploring and developing precious and base metal assets in Atlantic Canada, particularly Newfoundland. Its portfolio includes the Bottom Brook, Rodgers Cove Gold and Harmsworth VMS projects, targeting economic gold, rare earth element and base metal deposits in established mineral belts.
Average Trading Volume: 50,220
Technical Sentiment Signal: Buy
Current Market Cap: C$12.62M
Find detailed analytics on SRS stock on TipRanks’ Stock Analysis page.