viewSipa Resources Ltd

Sipa Resources chairman supports exploration strategy with on-market purchase

The company is planning to commence a 5,000-metre aircore drilling program at its Murchison Gold Project in Western Australia.

Sipa Resources Ltd - Sipa Resources director backs exploration plans with on-market purchase
Tim Kennedy now holds 349,863 shares in an indirect interest in the company.

Sipa Resources Limited (ASX:SRI) (FRA:SPO) independent non-executive chairman Tim Kennedy has shown his support for the company’s gold exploration strategy with on-market purchases.

On March 23 and 24, Kennedy acquired 100,000 shares in an indirect interest, bringing the total number of securities in that interest to 349,863.

Gearing up for Murchison drilling 

The company is set to begin drilling at its recently acquired Murchison Gold Project in Western Australia, pending weather in the district.

This will follow the recent completion of a heritage survey over the company’s gold targets which enables clearing to be completed for drilling access.

The planned 5,000-metre aircore drilling program is expected to start shortly and has been designed to test a range of targets across three of the farm-in tenements at the project.

Quick facts: Sipa Resources Ltd


Price: 0.063 AUD

Market Cap: $11.31 m

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