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Sipa Resources completes RC drilling at Wolfe Basin Project, results expected next month

The Wolfe Basin Project covers around 780 square kilometres and is prospective for base metal deposits as well as for nickel associated with mafic intrusive complexes within the underlying Halls Creek orogen.

Sipa Resources Ltd - Sipa Resources completes RC drilling program at Wolfe Basin Project ahead of December results
Drilling at Wolfe Basin focused on two key targets highlighted by recent IP surveys

Sipa Resources Ltd (ASX:SRI) has completed a 1,545-metre reverse circulation (RC) drilling program at the Wolfe Basin Project in Western Australia’s Kimberley region, focusing on key targets highlighted by recent IP surveys.

The program comprised nine holes with seven testing the stratigraphy and down-dip projection of the ironstone to intersect the horizon beneath the zone of weathering and identify potential trap positions for mineralisation.

Results expected in December 

Two-drill holes tested an east-west striking fault that crosscuts the gossan horizon and is a possible conduit of trap for mineralising fluids.

Drilling intersected narrow oxidised fault zones with no evidence for significant accumulations of sulphides.

Samples are on their way to the laboratory in Perth with results expected in December.

Analysis of the results will support an assessment of whether further drilling at the existing target area is warranted and how best to define further targets along the 40-kilometre of known prospective stratigraphy.

Survey at Paterson North

A 1,267-kilometre helicopter-borne EM survey was recently completed at the Paterson North Project as part of the farm-in and joint venture with Rio Tinto Exploration Pty Ltd.  

Results will be processed and analysed to assist in firming up drill targets for testing in 2021.

Skeleton Rocks

Aircraft maintenance issues have delayed the start of a planned aeromagnetic survey at the Skeleton Rocks project and this is now likely to be undertaken in early December.

This delay will not affect project progress as the tenements are still awaiting grant.

The project covers outcropping and interpreted greenstone units prospective for gold and nickel-copper-platinum group element deposits with limited to no drilling ever completed in these areas.

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