Sipa Resources readies to drill at Paterson North and Skeleton Rocks

Proactive - Interviews for investors

Sipa Resources Ltd (ASX:SRI) managing director Andrew Muir joins Proactive’s Tylah Tully to discuss the company’s preparations for a busy exploration period in the final part of this year. Sipa has drilling scheduled across its key Western Australian projects, including the Paterson North Gold-Copper Project, where it plans to conduct reverse circulation (RC) drilling in November. This program, targeting structural extensions at the Obelisk prospect, will include 11 RC holes totalling 2,000 metres. Obelisk, a 1.2-kilometre zone of gold and copper anomalism, has yielded notable past results, such as 0.2 metres at 22.5 g/t gold and 2.0% copper. Sipa has entered into a drill-for-equity agreement with Topdrill, allowing it to cover up to 30% of drilling costs via share issuance, further supporting its Paterson North efforts. Additionally, aircore drilling will begin in December at the Skeleton Rocks Project, focusing on the Nicoletti trend, a 7.5-kilometre magnetic stratigraphy zone. Previous drilling has returned anomalous nickel, cobalt and chromium values. The company remains optimistic about exploration potential, especially with recent M&A activities in the Paterson region. #ProactiveInvestors #SipaResources #ASX #PatersonNorth, #SkeletonRocks, #GoldExploration, #NickelExploration, #CopperExploration, #WesternAustralia, #ASX, #MiningProjects, #ObeliskProspect, #DrillingCampaign, #GoldCopperAnomalism, #MineralExploration, #Topdrill, #EquityDeal, #MergersAndAcquisitions, #AircoreDrilling, #ReverseCirculationDrilling, #ExplorationUpdate, #MiningNews