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SQX Resources (ASX:SQX) has more than doubled the ground holding at the “bonanza”-grade Williams gold-silver project in Montana, in the U.S, staking a further 25 claims to take the total footprint of the project to 45 claims.
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Williams has already produced “bonanza” grade grab samples, such as 358 grams per tonne (g/t) gold and 1,800 g/t silver, before these collected claims.
“Securing strike extensions of a system that has historically produced bulk samples of 141 g/t gold is a major win,” chairman Bevan Tarrat said. “This staking program ensures, as we move into our 2026 field season, we are not just exploring a single deposit, but what appears to be emerging as a significant vein field.”
The strategic expansion has secured potential strike extensions of the bonanza-grade shoots that define the Williams system, the company reported. Recent assay results have also successfully confirmed a historical systematic underground channel, muck and bulk sampling from the 1980s.
The work validated historical bulk samples, including the 101 raise, which produced 876 tonnes of ore at 141.7 g/t gold and 780 g/t silver. A further bulk sample from the main 1,666m development level averaged 17.3 g/t gold, 84 g/t silver.
“We now have the ground required to systematically test for the next generation of bonanza-grade deposits,” Mr Tarratt said. “By more than doubling the ground position, AM6 has captured the additional structural trends with potential to host similar high-grade gold and silver mineralisation.”
The new claims cover interpreted outcropping veins and surface workings up to 2.5km east of the main Black Bear underground workings and several mineralised-series veins north-east of Black Bear, including Fool’s Hen and Christian’s Reef, where a single AM6 grab sample assayed 4.3 g/t gold, 30 g/t silver.
SQX has been down -7.5%, to sell at around 18.5cps.
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