Sierra Nevada Gold Advances as Safra with Strong Copper Results
Source: Kapitales Research
Sierra Nevada Gold Inc (ASX: SNX) has reported encouraging progress from its initial drilling campaign at the As Safra Copper-Gold Project in Saudi Arabia. Phase 1 identified copper mineralisation extending for more than 800 metres within the Central Copper Zone, with further potential remaining along strike and at depth. A significant portion of the broader 5.5-kilometre mineralised corridor also remains largely untested by modern drilling.
Notable intersections included 16 metres grading 1.49% copper from 160 metres, featuring a higher-grade interval of 2 metres at 4.95% copper. Another hole encountered 9 metres at 1.83% copper from 99 metres. Approximately 5,400 metres were drilled across 28 holes during the first phase.
The upcoming Phase 2 program is expected to exceed 25,000 metres of drilling, accompanied by around 10.5 kilometres of trenching. The campaign will assess extensions of existing mineralisation while exploring additional copper, gold and polymetallic targets across the project.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Sierra Nevada Gold Advances as Safra with Strong Copper Results
Sierra Nevada Gold Inc (ASX: SNX) has reported encouraging progress from its initial drilling campaign at the As Safra Copper-Gold Project in Saudi Arabia. Phase 1 identified copper mineralisation extending for more than 800 metres within the Central Copper Zone, with further potential remaining along strike and at depth. A significant portion of the broader 5.5-kilometre mineralised corridor also remains largely untested by modern drilling.
Notable intersections included 16 metres grading 1.49% copper from 160 metres, featuring a higher-grade interval of 2 metres at 4.95% copper. Another hole encountered 9 metres at 1.83% copper from 99 metres. Approximately 5,400 metres were drilled across 28 holes during the first phase.
The upcoming Phase 2 program is expected to exceed 25,000 metres of drilling, accompanied by around 10.5 kilometres of trenching. The campaign will assess extensions of existing mineralisation while exploring additional copper, gold and polymetallic targets across the project.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au