SQX Resources Launches Maiden Drilling Program at Red Bird Gold Project in Arizona

SQX Resources Limited ( (AU:SQX) ) has shared an update.

SQX Resources has commenced a maiden 2,500-metre reverse circulation drilling program at its Red Bird Gold Project in Arizona through its 80%-owned subsidiary AM6 Mining LLC, marking a key operational milestone in its North American gold exploration strategy. The program, executed by Midnight Sun Drilling using a highly mobile, low-impact track-mounted rig, will test near-surface and deeper extensional gold targets previously validated by surface and underground sampling, including high-grade structures and potential bulk mineralisation zones in the Main Zone, Cave Tunnel area and Red Bird North; results from this campaign, expected from late February onwards, are intended to underpin work toward a maiden JORC resource and could materially influence the project’s scale, grade understanding and future development pathway.

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 Australian Securities Exchange-listed mineral exploration company with an 80% interest in AM6 Mining LLC, which is advancing the Red Bird Gold Project in Arizona, USA. The company is focused on exploring and defining gold mineralisation, targeting both high-grade structures and potential bulk-tonnage zones within a historically explored gold system.

Average Trading Volume: 289,583

Technical Sentiment Signal: Buy

Current Market Cap: A$13.89M

For detailed information about SQX stock, go to TipRanks’ Stock Analysis page.