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Sipa Resources' MD shows confidence in gold and base metals strategy with on-market purchase

In November 2020, Sipa executed several farm-in and joint venture agreements over tenements prospective for gold mineralisation in the Murchison area of Western Australia.

Sipa Resources Ltd -
Sipa’s focus is to finalise the necessary approvals and begin drilling as soon as possible in this prospective region of the WA Goldfields.

Sipa Resources Ltd (ASX:SRI) managing director Pip Darvall has demonstrated his confidence in the company’s gold and base metals strategy with the purchase of shares in an on-market transaction.

Between February 2 and 5, Darvall acquired 331,266 shares for a value of more than $20,660, increasing the number of securities held in an indirect interest to 508,603 shares.

Focus remains on WA projects

The company’s focus for 2021 remains on receiving necessary approvals and permits to support exploration drilling at its Western Australia-based projects such as Skeleton Rocks and the Murchison Gold Project.

At Paterson North an extensive gradient array induced polarisation (GAIP) survey is planned for a significant portion of the project area.

The survey will be funded by Rio Tinto Exploration under the Paterson North JV, with an estimated commencement date in May 2021.

Quick facts: Sipa Resources Ltd

Price: 0.056 AUD

ASX:SRI
Market: ASX
Market Cap: $9.96 m
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Sipa Resources gains foothold in Murchison district with acquisition of...

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