Sipa Resources advances work programs across precious and base metal assets in WA
At the Murchison Gold Project, Sipa has completed 3,407 metres of air core drilling program and is now awaiting assay results. Murchison Gold Project covers around 470 square kilometres of prospective greenstone lithologies.
Sipa Resources Limited (ASX:SRI) (FRA:SPO) is progressing the work program across its portfolio of precious and base metal assets in Western Australia.
Murchison Gold Project (Sipa 100% and farm-in tenements)
The company has completed 3407 metres of air core drilling on tenement E51/1888 within the Murchison Gold Project and has sent the samples from the program to the laboratory.
Sipa Resources Ltd begins 3,500 metre aircore drilling program at Murchison Gold Project in Western Australia
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Australia: Buru spuds Currajong 1 - first well in 2021 Canning Basin exploration program
02 Jul 2021
Targeting mean prospective resources of 28 million barrels
Expected total depth of 2,300 metres with drilling completion in late July to early August
Currajong-1 to be followed by Rafael-1 conventional oil exploration well
Currajong-1
Currajong-
1 exploration well was spudded at 10:00 hours on Thursday, 1 July 2021.
Currajong-1 is located some 30 kms to the west of the Ungani Oilfield and some 70 kms east of Broome. The well is in Exploration Permit 391 in the Canning Basin in northwest Western Australia.
The Currajong-1 exploration well is being drilled on a large structurethat is well defined by 3D seismic. The structure has a vertical closure of over 200 metres and is fault bounded with two way dip closure.It is expected to have similar good quality reservoirand oil propertiesto the Ungani Oilfield and is at similar depths.
Buru’s executive chairman Eric Streitberg said: “We are delighted to be kicking off the most extensive drilling and seismic program in the Canning basin for many years. We are very pleased to be using a modern high capacity rig and we have worked diligently with the rig owners, Ensign Drilling, to ensure it is fully fit for purpose for the program before our final acceptance of the rig and the spud of the well. With the oil price currently approximately A$100 a barrel, and our existing infrastructure and operating experience in the basin, we are well placed to monetise any discovery.
Sipa Resources advances Western Australian project portfolio
Besides having some highly prospective projects in Western Australia, Sipa also owns Aelikongo Nickel-Copper project in Uganda, which is shaping as an important recent nickel sulphide discovery. Sipa’s Murchison Project covers 470 square kilometres of prospective greenstone lithologies.
Sipa Resources Limited (ASX:SRI) (FRA:SPO) is ramping up activities across the company’s Western Australian project portfolio and will shortly begin a second drilling program at the Murchison Gold Project.
Murchison Gold Project
Sipa’s Murchison Project covers about 470 square kilometres of prospective greenstone lithologies close to the mining centre of Meekatharra.
Earlier in March this year, Sipa completed its first drill program at Murchison and will shortly start a second program, with on-ground preparation currently underway.
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