Sierra Nevada Gold June 2026 Quarterly Activities Report
Key points
- High-grade copper and silver mineralisation confirmed at As Safra Cu-Au project in Saudi Arabia
- Phase 1 drilling completed with promising results; Phase 2 planning underway
- Adam Oehlman appointed as new Chief Executive Officer
- Cash balance of US$1.9 million at quarter-end
Full summary
Sierra Nevada Gold Limited (ASX: SNX) reported significant progress at its As Safra Copper-Gold Project in Saudi Arabia for the quarter ending June 2026. The company completed Phase 1 drilling, confirming high-grade copper and silver mineralisation. Notable intercepts include 17m @ 1.26% Cu and 3m @ 27.34g/t Ag. The mineralised corridor remains open along strike and depth. Sierra Nevada Gold also appointed Adam Oehlman as Chief Executive Officer, effective June 11, 2026. The company held a cash balance of US$1.9 million at the end of the quarter.
Guidance
No specific financial guidance provided in the announcement
Outlook
The company is optimistic about the potential of the As Safra project and plans to continue exploration and drilling activities.
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