SQX Drilling Confirms Expanding Red Bird Gold System in Arizona

SQX Resources Limited ( (AU:SQX) ) has issued an announcement.

SQX Resources has completed a 25-hole, 2,509-metre maiden drilling program at its Red Bird Gold Project in Arizona, confirming a larger and more continuous near-surface gold system than historical data indicated. Assay results show thick, high-grade mineralisation across two stratigraphic horizons that converge toward a major northeast-striking fault, with mineralisation remaining open along strike and at depth.

The company has established a fault-controlled, strata-bound model that provides a predictive framework for extending mineralisation, while ongoing IP geophysics aims to refine targets along strike and at depth. New footwall intercepts west of the main mine reveal a largely untested area of prospectivity, underscoring Red Bird’s potential to evolve into a significant gold system with favourable open-pit economics and meaningful growth upside for stakeholders.

More about SQX Resources Limited

SQX Resources Limited is a mineral exploration company focused on gold, with its Red Bird Gold Project located in Arizona, USA. The company is deploying modern drilling and geophysical techniques to evaluate and expand historical gold workings into a potentially larger, continuous gold system suitable for open-pit development.

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Technical Sentiment Signal: Sell

Current Market Cap: A$8.55M

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