Australia
Sipa Resources makes progress on several fronts at WA gold, copper-gold and base metals projects
Sipa Resources Ltd (ASX:SRI) (FRA:SPO) has made progress on three of its projects, with drill testing of base-metal gossan targets set to take place in October at its Wolfe Basin Base Metals Project and detailed aeromagnetic survey to start at Warralong Gold Project, also in October.
In addition, conditions precedent to a farm-in and joint venture agreement with Rio Tinto Exploration Pty Ltd (RTX) for the Paterson North Copper-Gold Project have been satisfied, and RTX now can subscribe for 2.5 million ordinary Sipa shares.
Wolfe Basin project[hhmc]
The company said the planned drilling to test priority base-metal gossan targets at its 100%-owned Wolfe Basin project in Western Australia was on track to commence within weeks, following the completion of a heritage survey over these never previously drilled target areas.
A ground geophysics survey team has mobilised to site and will shortly complete an extensive gradient array IP survey to allow drill hole locations to be refined.
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