Commencement of Scrub Paddock Desktop Study

SQX Resources Limited (ASX: $SQX) has initiated a desktop study for its Scrub Paddock Prospect in Queensland, aiming to plan for high impact exploration targeting a copper/gold porphyry system. The study will focus on delineating high priority drill targets based on historical and newly acquired data, with the goal of informing future drill programs.

Executive Commentary on Scrub Paddock Desktop Study

The SQX desktop study is aimed to expand our understanding of the geology of Scrub Paddock, guided by insights from the recent geochemical program and previous surveys. Notably, previous drilling efforts yielded promising results, indicating significant gold mineralization potential. Results from the SQX soil sampling campaign revealed two promising areas rich in copper, arsenic, and trace gold, along with other key elements. These findings underscore the exciting prospects for further exploration and development in these regions, as depicted in accompanying figures. Through SQX's initiative, the Company has successfully honed in on two areas that are highly prospective for exploration. Area 1, near the Elgin Vale Diorite's western contact, holds particular promise for mineralization. Meanwhile, Area 2 presents additional opportunities aligned with existing mineralization trends. With the review and compilation of all available historical data and newly acquired data coupled with further surveys and refinement of exploration strategies, we're optimistic about unlocking the full potential of these promising sites.

Summary of Commencement of Scrub Paddock Desktop Study

SQX Resources Limited (ASX: $SQX) has commenced a desktop study for its Scrub Paddock Prospect, focusing on planning high impact exploration targeting a copper/gold porphyry system. The study aims to delineate high priority drill targets based on historical and newly acquired data, with the goal of informing future drill programs. The Company's executive chairman, Mr. Patric Glovac, expressed optimism about the potential of the two identified areas for exploration, highlighting the rich presence of copper, arsenic, and trace gold. The historical soil geochemistry has identified gold mineralization interested in drilling within the Elgin Vale Diorite intrusion and several other areas surrounding the intrusion mapped boundary. SQX's current focus on gold and copper mineralization at the Ollenburgs and Scrub Paddock prospects reflects its dedication to delivering shareholder value by building a portfolio of exploration, development, and operating assets. The Company's ambitions include defining an economic mineral resource at the Scrub Paddock Prospect and expanding soil sampling, undertaking IP surveying, and potentially drilling at the Ollenburgs prospect.