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SQX Resources Limited ( (AU:SQX) ) has shared an announcement.
SQX Resources has reported bonanza-grade gold assays from underground sampling at its newly acquired Red Bird Gold Project in Arizona, with results up to 49.2 g/t gold confirming and in some cases exceeding historical data, and reinforcing the potential for both bulk and selective mining approaches. Together with exceptional gold-silver grades previously announced at the Williams Project in Montana, the completion of an 80% acquisition of AM6 Pty Ltd and a A$2 million capital raising has strengthened SQX’s balance sheet and advanced its strategic push into premier US mining districts, positioning the company for an accelerated drilling program and the systematic advancement of its high-grade North American portfolio.
The most recent analyst rating on (AU:SQX) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on SQX Resources Limited stock, see the AU:SQX Stock Forecast page.
More about SQX Resources Limited
SQX Resources Limited is an ASX-listed mineral exploration company focused on high-grade gold and silver projects, with a growing portfolio in Tier-1 mining jurisdictions in the United States. The company’s core assets include the Red Bird Gold Project in Arizona and the Williams Project in Montana, both targeting near-surface, high-grade epithermal systems that offer potential for bulk open-pit and selective underground mining scenarios.
Average Trading Volume: 276,521
Technical Sentiment Signal: Buy
Current Market Cap: A$14.25M
For an in-depth examination of SQX stock, go to TipRanks’ Overview page.