Sipa is exploring an area of >460km2 in the Murchison region, a highly prospective part of the Goldfields region in Western Australia, through 100%-owned tenements and farm-in and joint venture agreements.
The project areas are adjacent to and along strike from known gold occurrences and overlie prospective geology and fertile structures in the Murchison and Abbotts greenstone belts, with the southeastern portion of the project adjacent to Monument Mining’s Burnakura Gold Mine (~380koz existing resources). The northwestern group of tenements lie along major shear zones that continue along strike to where Ora Gold Limited (ASX: OAU) is progressing the Garden Gully project.
The Paddy’s Flat, Bluebird and Reedy gold mines are also in the area along with additional infrastructure and services which makes it relatively easy to undertake early-stage exploration in the region.
In 2021, Sipa carried out two aircore drilling programs and is planning further follow up work in 2022.
Sipa believes the Murchison project represents a low-risk opportunity to explore in a prolific gold region with excellent infrastructure, access and high levels of activity and discovery.
Sipa is finalising approvals to drill at the Murchison tenements in 2021.