Sipa Resources Limited (ASX:SRI) (FRA:SPO) is ramping up activities across the company’s Western Australian project portfolio and will shortly begin a second drilling program at the Murchison Gold Project.
Murchison Gold Project
Sipa’s Murchison Project covers about 470 square kilometres of prospective greenstone lithologies close to the mining centre of Meekatharra.
Earlier in March this year, Sipa completed its first drill program at Murchison and will shortly start a second program, with on-ground preparation currently underway.
The upcoming ~3,500 metres aircore program will concentrate on existing mineralised trends on E51/1888 identified in historical drilling, in areas that were not able to be accessed in Sipa’s program earlier this year due to wet conditions.
Contractors have been confirmed, clearing of access tracks is underway and drilling is expected to commence in early July.
Paterson North Project
Sipa is the manager and operator of the Paterson North Project and is progressing the project in partnership with Rio Tinto Exploration.
The company recently completed a major heritage survey in preparation for geophysical surveys and it cleared the access tracks required for a large gradient array IP (induced polarisation) survey which is scheduled to start in early July.
Sipa will combine results from the IP survey with existing target areas identified in previous airborne EM (electromagnetic) surveys to generate drill targets for future drilling programs.
Barbwire Terrace Project
Barbwire Terrace Base Metals Project involves an innovative joint venture with petroleum explorer and operator Buru Energy Limited (ASX:BRU).
Sipa has already executed e Heritage agreements relating to the Barbwire Terrace Project tenements thus paving the way for the grant of the tenements which is expected in early July.
The planning underway for heritage surveys ahead of gravity surveys and drilling.
The Warralong Project is prospective for intrusion hosted gold in the north Pilbara region in a ‘look-alike’ structural setting to recent discoveries in the district.
The company has executed heritage and access agreements, and the grant of the tenements is expected within the next month.
Upon grant, the relevant clearances will be obtained for drilling that has already been planned.
Both tenements in Wolfe Basin have now been granted and detailed mapping of the target horizon across the project area will shortly be undertaken.
Mapping will focus on key elements of basin architecture that may have influenced the location of mineralisation.
Mapping will be followed up with a dipole-dipole IP survey scheduled for July ahead of additional drilling on existing targets, as well as any additional targets identified in the upcoming work.
At Wolfe Basin, the first drill program intersected base metals up to 2.9% lead and 0.5% copper with extensive areas remaining to be tested along more than 40 kilometres long prospective horizon.