Sipa Resources Ltd (ASX:SRI) has progressed exploration activities across its gold and base metal projects in Western Australia.
At Skeleton Rocks, the company received final assays returning low-level anomalous lithium from its aircore drill program.
On-ground works are currently underway in preparation for drill testing large-scale base metal targets along the margin of the Barbwire Terrace.
Further, Sipa is on track for drilling at its Paterson North Copper-Gold Project in late June or early July.
Sipa's WA Portfolio
Skeleton Rocks
In early March Sipa completed a 138-hole aircore program across previously untested greenstone units at its 100%-owned Skeleton Rocks Project.
Final assays have just been received from the remaining 128 holes with no anomalous gold returned.
Elevated lithium results (greater than 100 ppm) were received in several holes, however, these results were obtained within rock types other than pegmatites and further work is required to determine the lithium potential of the project area.
Pegmatites have been reported in historic RAB drilling within the area of the currently pending tenement, but the samples were not assayed for elements relevant to lithium exploration, and re-drilling of these holes will be considered upon grant of the tenement.
Barbwire Terrace
The Barbwire Terrace Project involves a 50-50 joint venture (JV) between Sipa and Buru Energy Limited with Sipa as the operator.
The JV partners plan to drill up to four 500-metre deep diamond drill holes testing geophysical and structural targets prospective for lead-zinc mineralisation, most likely early in the September quarter.
Paterson North
The Paterson North Copper-Gold Project is being progressed in partnership with Rio Tinto Exploration.
Preparations continue for the arrival of the drill rig in late June at the Paterson North project, currently subject to a farm-in and JV agreement with Rio Tinto Exploration Ltd.