Sipa Resources Ltd (ASX:SRI)’s Pip Darvall discusses the recent approval of a program of works for the flagship Paterson North Copper-Gold Project, a farm-in joint venture being developed in partnership with Rio Tinto Exploration Pty Limited.
The company has already secured a drill rig, and expects to begin drilling in June-July, targeting areas of interest generated with geophysical surveys. There are 10-14 high-priority target areas Sipa intends to investigate first, with funding for up to 10,000 metres of drilling from Rio Tinto.