Sierra Nevada Gold Launches 25,000m Drilling at As Safra
Key points
- 25,000m drilling program to begin, supported by 13.5km of trenching
- Three rigs operational by 30 September, five by November
- Phase 2 objectives include defining, expanding, and discovering new mineral zones
Full summary
Sierra Nevada Gold Limited (ASX: SNX) has initiated a significant 25,000m Phase 2 exploration program at its As Safra Copper-Gold Project in Saudi Arabia. The program, which includes 13.5km of trenching and sampling, is designed to test the extent and continuity of copper mineralisation and explore new mineral zones. Three rigs are expected to be operational by 30 September 2026, with two additional diamond rigs arriving by mid-November, bringing the total to five rigs. Phase 2 is structured around three objectives: defining the Central Copper Zone, expanding known mineralisation, and discovering new targets. Drilling is expected to continue through to March 2027, with first assay results anticipated in November 2026.
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