Sipa Resources Ltd (ASX:SRI) non-executive director John Forwood has demonstrated his confidence in the company’s gold-base metals exploration strategy with an on-market purchase.
On April 26 Forwood acquired 126,483 shares in a direct interest, increasing the number of securities held to 358,043.
This follows purchases between April 5 and 11, when Forwood acquired 92,672 shares.
Between March 26 and 29 managing director Pip Darvall also purchased 155,176 shares in an indirect interest, increasing the total number of securities held to 663,779.
First drill program at Murchison
The company is progressing exploration across its Western Australian tenement portfolio, testing multiple new gold and base metals targets.
Sipa has completed its first drill program for 2021 at the Murchison Gold Project farm-in and is gaining the necessary approvals and permits for additional drilling.
The company has also identified drill targets at its Skeleton Rocks and Barbwire Terrace projects.
Additionally, several of Sipa’s WA tenement applications are expected to be granted in the coming months, including at the Warralong, Barbwire Terrace and Wolfe Basin projects, which will lead to additional activities on the ground in these areas.