Sipa is exploring an area of >460km2 in the Murchison region, a highly prospective area of the Goldfields WA, 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 structure 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). Northwestern tenements lie along major shear zones that continue to the northeast, where Ora Gold Limited is progressing the Garden Gully project.
The Paddy’s Flat, Bluebird and Reedy gold mines are also in the area.
Sipa carried out a >3,400m aircore drilling program of which assays are awaited. The recent expansion of the Company’s Murchisons assets through the acquisition of three additional tenements allows the Company to test new targets to systematically follow up mineralisation trends and underexplored areas.
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.