- Sipa Resources (SRI) has received the remaining assay results from a recently completed aircore (AC) drilling program at its Murchison Project in WA
- This first-pass drilling program focused on multiple targets spanning across three tenements and results have now been received for E51/1709 and E51/1888
- Sipa drilled 87 aircore holes at tenement E51/1709 and intersected up to 1.2 per cent copper
- The results received support the original interpretation of an association between the copper mineralisation and narrow quartz veins at surface
- 35 aircore holes were then drilled at tenement E51/1888 to target northeast-trending gold and arsenic trends identified in historical drilling
- Following further assessment and interpretation, additional drilling may be warranted
- Sipa has ended the day 11.5 per cent in the red with shares trading at 5.4 cents
Sipa Resources (SRI) has received the remaining assay results from a recently completed aircore drilling program at its Murchison Project in WA.
This first-pass drilling program focused on multiple targets spanning across three tenements and results have now been received for E51/1709 and E51/1888.
Sipa drilled 87 aircore holes, for 1875 metres, at tenement E51/1709 with a best result of eight metres at 0.78 per cent copper including four metres at 1.2 per cent copper returned.
Pleasingly, minor gold anomalism was identified in several drillholes to the northwest of the tenement.
The results received support the original interpretation of an association between the copper mineralisation and narrow quartz veins at surface.
Sipa then drilled 35 holes, for 2644 metres, at tenement E51/1888 to target northeast-trending gold and arsenic trends identified in historical drilling.
Three samples intersected anomalous gold grades above 0.1 parts per million (ppm) with a peak of 0.924ppm returned.
These three samples extend the mineralised trend a further 800 metres to the south which remains open to the south.
Following further assessment and interpretation, additional drilling may be warranted.
Sipa has ended the day 11.5 per cent in the red with shares trading at 5.4 cents in a $10.84 million market cap.