Exploration Risks Loom as Sipa Awaits Critical RC Drilling Results
Sipa Resources is set to begin a significant aircore drilling campaign at its Tunkillia North and Nuckulla Hill gold projects, following promising recent reverse circulation drilling results. The program aims to test both historical and new structural targets, potentially expanding the company's exploration pipeline.
- Aircore drilling to start imminently at Tunkillia North and Nuckulla Hill
- Recent RC drilling results expected within two weeks
- Focus on large gold-in-calcrete anomaly near 1.6Moz Tunkillia deposit
- Regional geophysics reprocessed to refine future drill targets
- Exploration targets include the Yarlbrinda Shear zone and Arcoordaby prospect
Exploration Momentum Builds in South Australia
Sipa Resources Limited (ASX – SRI) is accelerating its gold exploration efforts in South Australia with the imminent commencement of a major aircore drilling campaign. The program will target the Tunkillia North and Nuckulla Hill projects, both situated within the highly prospective Gawler Craton region. This move follows a recently completed reverse circulation (RC) drilling program at Nuckulla Hill, with assay results anticipated shortly.
Strategic Targeting of Historical and New Anomalies
The upcoming aircore drilling will focus initially on a substantial 5km by 5km gold-in-calcrete anomaly at Tunkillia North, located approximately 10 kilometres north of the established 1.6 million ounce Tunkillia gold deposit. This anomaly, alongside historical mineralisation zones such as the Arcoordaby prospect, presents compelling targets for expanding the known gold footprint. At Nuckulla Hill, the program will test early-stage targets along the fertile Yarlbrinda Shear zone, a structural feature known to host significant mineralisation.
Integrating Modern Geophysics with Exploration
Complementing the drilling campaign, Sipa has completed a comprehensive reprocessing of regional geophysical data. This effort has produced refined geological and structural maps that will guide future exploration activities, including soil sampling and targeted drilling. The company expects to finalise this structural targeting review by the end of September, setting the stage for an expanded exploration pipeline.
Anticipation Builds Around RC Drilling Results
Results from the maiden 13-hole RC drilling program at the Sheoak and Bimba prospects within Nuckulla Hill are due within the next two weeks. These results will provide critical insights into the continuity and extent of gold mineralisation, informing the next phases of exploration. Managing Director Andrew Muir emphasised the systematic approach Sipa is taking to unlock value in this underexplored region, highlighting the potential for multiple new targets emerging from ongoing geological interpretations.
Looking Ahead
The aircore drilling program, expected to span three weeks and cover 4,000 to 5,000 metres, represents a pivotal step in Sipa’s strategy to build a robust gold project portfolio. With the integration of historical data, modern geophysics, and fresh drilling results, the company is positioning itself to significantly enhance its resource base in South Australia’s gold-rich terrain.
Bottom Line?
Sipa’s unfolding exploration campaign could redefine its South Australian gold prospects, with upcoming assay results and structural reviews poised to shape its growth trajectory.
Questions in the middle?
- Will the upcoming RC assay results confirm extensions to known gold mineralisation?
- How will the new structural targets identified from geophysics influence future drilling priorities?
- What is the potential scale of gold mineralisation within the large calcrete anomaly at Tunkillia North?
