Exploration update on Scrub Paddock Prospect

SQX Resources Limited (ASX: $SQX) has announced the identification of two new areas for exploration targeting a copper/gold porphyry system at its Scrub Paddock Prospect in Queensland. The soil sampling results have revealed promising prospects for further exploration and development.

Executive Chairman's insights on the soil sampling initiative

The SQX soil sampling initiative aimed to expand the company's understanding of surface geochemistry, guided by insights from previous surveys. Results from the campaign revealed two promising areas rich in copper, arsenic, and trace gold, along with other key elements. Despite challenges, the initiative successfully pinpointed two areas ripe for exploration. With plans for further surveys and refinement of exploration strategies, we're optimistic about unlocking the full potential of these promising sites.

Outlook and next steps

The soil sampling program at Scrub Paddock has identified two prospective areas rich in copper, arsenic, and trace gold, presenting exciting prospects for further exploration and development. The company plans to conduct further induced polarisation (IP) geophysics and soil geochemistry to define new drilling targets. SQX Resources aims to build a portfolio of exploration, development, and operating assets, focusing on gold and copper mineralisation at the Ollenburgs and Scrub Paddock prospects. The company is dedicated to delivering shareholder value and aims to define economic mineral resources at the identified prospects.