Williams Project Yields Grab Samples with 358 g/t Gold and 1,800 g/t Silver
SQX Resources has reported exceptional high-grade gold and silver assays from underground sampling at the Williams Project in Montana, validating historical data and advancing its acquisition of AM6 Pty Ltd.
- Bonanza-grade assays up to 358 g/t gold and 1,800 g/t silver
- Sampling confirms historical bulk and pilot mining results at Black Bear South Vein
- SQX to acquire 80% of AM6 Pty Ltd, subject to approvals
- 2026 exploration program planned with geophysics, drilling, and underground sampling
- Multiple underexplored veins offer significant expansion potential
Exceptional Assay Results Validate Historical Data
SQX Resources Limited has announced outstanding assay results from its recent underground chip-channel and grab sampling program at the Williams Gold-Silver Project in Montana, USA. The highlight is a grab sample returning a staggering 358 grams per tonne (g/t) gold and 1,800 g/t silver from the historically significant 101 pilot raise within the Black Bear South Vein. These results strongly corroborate historical bulk sampling and pilot mining data from the 1980s, which reported similarly high grades.
Strategic Acquisition and Growth Prospects
The company has entered into a binding agreement to acquire an 80% stake in AM6 Pty Ltd, the current owner of the Williams Project, subject to shareholder and regulatory approvals. This move positions SQX to control a project with proven bonanza-grade mineralisation and multiple underexplored vein systems. Executive Chairman Patric Glovac emphasised the compelling nature of the results and the significant upside potential across the project’s extensive vein network.
Advanced Exploration Plans for 2026
Looking ahead, SQX is preparing a comprehensive exploration campaign for 2026. This will include fixed-loop electromagnetic (EM) geophysics to delineate conductive high-grade shoots, drilling to test known mineralisation and new targets, and detailed underground sampling to support future mineral resource estimates. The use of EM techniques is particularly promising given the sulphide-rich zones’ moderate conductivity, which may help pinpoint high-grade shoots within the epithermal vein system.
Geological Context and Historical Work
The Williams Project hosts gold and silver-rich epithermal veins associated with Cretaceous granitoid intrusions. Historical exploration by Mark V Petroleum & Mines Ltd in the 1980s included extensive underground development, bulk sampling, and pilot mining, which identified steeply plunging bonanza-grade shoots. SQX’s recent sampling validates these findings and confirms the presence of high-grade cores within broader mineralised zones.
Unlocking Underexplored Targets
Beyond the Black Bear South Vein, the project tenure includes six additional known veins with limited historical data, representing exciting exploration targets. SQX’s planned field mapping and sampling aim to uncover further high-grade gold and silver mineralisation, potentially expanding the project’s resource base significantly.
Bottom Line?
SQX’s validation of bonanza-grade mineralisation and strategic acquisition set the stage for a pivotal exploration phase at Williams.
Questions in the middle?
- How will shareholder and regulatory approvals impact the timing of the AM6 acquisition?
- What scale of mineral resource estimate can be expected following the 2026 exploration program?
- Could EM geophysics reveal new high-grade shoots beyond the historically sampled areas?
