Key points
- Resource growth of ~100% in 6 months
- Resource remains open at depth and along strike
- Drilling continues beyond current resource estimate
- Multiple growth opportunities identified
Full summary
Sinclair Gold Ltd announced a significant increase in the mineral resource estimate for the Mt Henry Gold Project in Norseman, Western Australia, doubling it to 1.8 million ounces (Moz) at a grade of 1.2 grams per tonne (g/t) gold. The resource growth was achieved in just six months, highlighting the project's potential. The resource remains open at depth and along strike, with ongoing drilling extending mineralization beyond the current resource estimate. Multiple growth opportunities have been identified, including high-grade regional targets and untested areas. The company has mobilized five rigs to continue drilling, with multiple assays pending.
Outlook
Sinclair Gold anticipates further growth in the Mt Henry resource, with ongoing drilling and multiple growth opportunities identified.