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Sorrento Resources Wins Drill Permit for Rodgers Cove Gold Project in Newfoundland

Story Highlights
  • Sorrento Resources secured a drill permit for its Rodgers Cove Gold Project in Newfoundland.
  • The company will shift its rig from Bottom Brook to begin a 1,500–2,000 metre drill campaign at Rodgers Cove soon.
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Sorrento Resources Wins Drill Permit for Rodgers Cove Gold Project in Newfoundland

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Sorrento Resources Ltd. ( (TSE:SRS) ) just unveiled an announcement.

Sorrento Resources has secured the necessary permit to begin drilling at its Rodgers Cove Gold Project in Newfoundland and Labrador, clearing a key regulatory hurdle for advancing the gold asset. The company plans to swiftly redeploy the drill rig currently operating at its Bottom Brook Project to Rodgers Cove once the current program concludes, launching a 1,500–2,000 metre diamond drilling campaign aimed at testing priority targets and further progressing the project, underscoring Sorrento’s effort to maintain exploration momentum across its Newfoundland portfolio.

More about Sorrento Resources Ltd.

Sorrento Resources Ltd. is a Canadian mineral exploration company focused on the acquisition, exploration and development of precious metals, rare earth elements, gold and base metal properties in Atlantic Canada. Its portfolio includes the Bottom Brook Project, the Rodgers Cove Gold Project and the Harmsworth VMS project, all located in Newfoundland and Labrador.

Average Trading Volume: 62,271

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$12.62M

See more data about SRS stock on TipRanks’ Stock Analysis page.

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