Sipa Resources announces new exploration phase

Sipa Resources (ASX:SRI) is set to advance its exploration efforts with upcoming drilling programs at Paterson North and Skeleton Rocks in Western Australia. A planned 2,000-meter Reverse Circulation (RC) drilling at Paterson North aims to explore gold-copper extensions, marking the first drilling since regaining full ownership. Additionally, aircore drilling will commence at Skeleton Rocks in December to target nickel-cobalt anomalies.

Summary of Sipa Resources' exploration plans

Sipa Resources is enhancing its exploration activities with significant drilling initiatives at Paterson North and Skeleton Rocks projects. The Paterson North drilling targets gold-copper mineralization extensions, while Skeleton Rocks focuses on nickel-cobalt anomalies. A Drill-for-Equity Agreement with Topdrill will help manage costs. The company is reviewing its portfolio to optimize its asset mix, ensuring consistent exploration and news flow. Sipa's strategic approach aims to maintain a robust exploration pipeline across its diverse projects.

Executive commentary on exploration strategy

Sipa Resources is excited to embark on these exploration programs, which are crucial for advancing our projects in the Paterson and Southern Cross regions. The Drill-for-Equity Agreement with Topdrill provides a strategic advantage in managing our exploration costs effectively.