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An update from Sorrento Resources Ltd. ( (TSE:SRS) ) is now available.
Sorrento Resources has signed a drilling contract with Gladiator Drilling and secured a permit to begin drilling at its Bottom Brook project, with mobilization to both Bottom Brook and its Rodgers Cove flagship property expected by the end of January. The initial program will comprise a minimum of 3,000 metres of core drilling targeting high-priority zones defined by mapping, sampling and historic work, as management positions the company to verify and potentially expand previously identified significant rare earth mineralization, a move that could enhance its project pipeline and strengthen its standing in the Atlantic Canada exploration sector.
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 projects in Atlantic Canada. Its key assets include the Bottom Brook rare earth elements project, the Rodgers Cove Gold property and the Harmsworth VMS project, all located in Newfoundland, where the company aims to identify and advance economic deposits.
Average Trading Volume: 59,349
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$13.14M
See more data about SRS stock on TipRanks’ Stock Analysis page.