As Safra Exploration Update
Open PDF
| Stock | Sierra Nevada Gold Inc (SNX.ASX) |
|---|---|
| Release Time | 16 Jun 2026, 8:39 a.m. |
| Price Sensitive | Yes |
This feature provides summaries of price-sensitive announcements for companies followed by users on InvestorPA.
The summaries are generated by large language models so please interpret with care.
SNX Updates Exploration at As Safra Project in Saudi Arabia
Key Points
- Drilling progress is approximately 60% complete with mineralization observed.
- Ground magnetic and gravity surveys completed, IP survey in progress.
- Building Saudi capability through recruitment and training of Saudi nationals.
- Government engagement ongoing with strong support from local authorities.
- Historical exploration shows potential for additional blind discoveries.
Full Summary
Sierra Nevada Gold Limited (ASX: SNX) provides an update on exploration activities at its 100%-owned As Safra Project in Saudi Arabia. Drilling activities are 60% complete, with mineralization observed in both oxide and fresh rock. Ground magnetic and gravity surveys have been completed, and an IP survey is in progress. The company is also expanding its in-country technical and administrative capability through the recruitment and training of Saudi nationals. Government engagement remains positive, with strong support from local authorities. Historical exploration indicates potential for additional blind discoveries, with multiple untested geophysical and geochemical targets remaining.
Sign in to get more information about the company, including guidance changes and other insights.
Sign In