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SQX Resources Limited ( (AU:SQX) ) has issued an update.
SQX Resources has reported high-grade surface chip channel gold assays from its Red Bird Gold Project in Arizona, including 11.5 metres at 3.0 grams per tonne gold with multiple higher-grade internal intervals, which corroborate historical sampling by Homestake Mining and support the interpretation of a potentially bulk-tonnage gold system. The new results, together with recent structural mapping that has identified visible coarse gold, strengthen confidence in the continuity and controls of mineralisation and are being incorporated into the design of an approximately 2,500-metre reverse circulation drilling program scheduled to begin shortly, thereby materially de-risking the project and advancing it toward its maiden drill test.
The most recent analyst rating on (AU:SQX) stock is a Hold with a A$0.20 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 exploration company focused on gold exploration, primarily through its 80%-owned subsidiary AM6 Mining LLC at the Red Bird Gold Project in Arizona, USA, a jurisdiction regarded as one of the world’s leading mining regions.
Average Trading Volume: 253,466
Technical Sentiment Signal: Buy
Current Market Cap: A$13.89M
See more insights into SQX stock on TipRanks’ Stock Analysis page.