stocknessmonster.com/news-history?S=SRI&E=ASX
stocknessmonster.com/news-item?S=SRI&E=ASX&N=615269
EXPLORATION UPDATE
HIGHLIGHTS
Breakthrough at Enigma Copper Prospect at Thaduna, where very thick
drill intersections of copper-bearing gossans have been encountered:
• on drill line 77,5000E, two RC holes intersected up to a 100 metres
thickness of iron- & silica-rich gossan representing oxidized semimassive
to massive sulphides – at least in part, copper-bearing
• on drill line 77,5700E, two RC holes intersected two iron-rich
gossan zones, one about 100 metres thick and the other about 50
metres thick – again, representing oxidized semi-massive to
massive sulphides – also, at least in part, copper-bearing
• ground conditions will not allow deeper RC testing of the
gossans, but a diamond drill is scheduled to commence ‘diamond
core tails’ later this week targeting the sulphide zone
As part of Sipa’s 25 year long commitment to a Greenfields Exploration
approach, six Exploration Licences have recently been granted in a new
exploration frontier – being Uganda, East Africa:
• the ground, which is primarily prospective for very large base
metal deposits, was selected after focused field reconnaissances
and data compilation and interpretation
• this is an excellent opportunity to apply the successful surface
geological/geochemical exploration approach that saw Sipa
discover two new Mineral Provinces in Western Australia in the
1990’s
• Uganda is a stable and safe country, newly ‘open for business’,
that has not yet attracted the relatively intense exploration
attention that its neighbours Tanzania and the DRC have – hence
this is also an excellent ‘first mover’ opportunity!
stocknessmonster.com/news-item?S=SRI&E=ASX&N=615269
EXPLORATION UPDATE
HIGHLIGHTS
Breakthrough at Enigma Copper Prospect at Thaduna, where very thick
drill intersections of copper-bearing gossans have been encountered:
• on drill line 77,5000E, two RC holes intersected up to a 100 metres
thickness of iron- & silica-rich gossan representing oxidized semimassive
to massive sulphides – at least in part, copper-bearing
• on drill line 77,5700E, two RC holes intersected two iron-rich
gossan zones, one about 100 metres thick and the other about 50
metres thick – again, representing oxidized semi-massive to
massive sulphides – also, at least in part, copper-bearing
• ground conditions will not allow deeper RC testing of the
gossans, but a diamond drill is scheduled to commence ‘diamond
core tails’ later this week targeting the sulphide zone
As part of Sipa’s 25 year long commitment to a Greenfields Exploration
approach, six Exploration Licences have recently been granted in a new
exploration frontier – being Uganda, East Africa:
• the ground, which is primarily prospective for very large base
metal deposits, was selected after focused field reconnaissances
and data compilation and interpretation
• this is an excellent opportunity to apply the successful surface
geological/geochemical exploration approach that saw Sipa
discover two new Mineral Provinces in Western Australia in the
1990’s
• Uganda is a stable and safe country, newly ‘open for business’,
that has not yet attracted the relatively intense exploration
attention that its neighbours Tanzania and the DRC have – hence
this is also an excellent ‘first mover’ opportunity!
