Sierra Nevada Gold Expands Targets at As Safra
Key points
- New high-grade copper target identified near North Central Target
- As Safra Southeast target extended by 200m NNW and 100m SSW
- Southern polymetallic breccia discovery expanded by 150m north and 200m west
Full summary
Sierra Nevada Gold Inc (ASX: SNX) reports significant high-grade copper and gold results from surface sampling at its As Safra Copper-Gold Project in Saudi Arabia. The latest results define a new, undrilled high-grade copper target near the North Central Target, extend the As Safra Southeast target, and expand the footprint of a recently discovered southern polymetallic breccia system. These results, combined with Phase 1 drilling and geophysical data, will guide the expanded Phase 2 drilling program expected to commence within 8 weeks. The new findings underscore the potential of the As Safra mineral system, which remains largely unexplored with only a small proportion of the 5.5km mineralised corridor drill tested.
Outlook
The company is entering Phase 2 with a larger and better-defined pipeline of high-priority targets.
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