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Sipa Resources Limited (ASX: SRI) has released an update on its gold exploration activities at the Tunkillia North Gold Project in South Australia. The update focuses on the results of a detailed historical helimagnetic survey that Sipa has integrated with regional magnetics.
The company’s work has identified several subsidiary structures associated with the Yerda Shear Zone, which underlies a large calcrete gold geochemical anomaly at Tunkillia North. Sipa believes the identification of these structures within the 5km x 5km gold anomaly, located north of Barton Gold’s 1.6Moz Tunkillia Gold Deposit, confirms the prospectivity of the anomaly.
Sipa Resources Managing Director Andrew Muir stated that the integration of the high-quality magnetic data has identified a number of subsidiary structures, associated with the Yerda Shear Zone, underlying the large scale calcrete gold geochemical anomaly at Tunkillia North. “The presence of these zones within the 5km x 5km gold anomaly, just north of Barton Gold’s 1.6Moz gold deposit, confirms the prospectivity of the anomaly, which we will be testing in upcoming drill programs.”
Sipa Resources is actively reviewing historical geophysical and drilling datasets to enhance its understanding of the geology and mineralization within its newly acquired South Australian gold projects. The company is using these datasets to refine drill target selection for future drilling programs.
Sipa is also advancing the approvals process for planned gold drilling programs at Tunkillia North and Nuckulla Hill and expects to provide an update on the timing of these programs soon.
In summary, Sipa Resources’ integration of the historical helimagnetic survey data has improved the definition of structural features at Tunkillia North, enhancing the prospecting of the project and informing upcoming drilling programs. Read full release here.
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