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Sinclair Gold Ltd (ASX:SGC)

ALERT: Price-sensitive ASX Announcement for SGC
Current share price for SGC : $1.320 0.015 (1.15%)+
Announcement
Release
22 Jul 2026 9:34AM
Price at Release
$1.305
Full Release
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Summary
Sinclair Gold Ltd has reported strong results from drilling at the Mt Henry Gold Project, extending gold mineralisation beyond existing resources at both the Mt Henry and Selene deposits. The company is on course for a Resource update in late 2026, backed by a recent $30 million capital raise. The drilling campaign continues to reveal significant gold intersections, reaffirming the potential growth of the current 915,000oz resource. The project focuses on expanding mineralisation in banded iron formation horizons and remains open at depth and along strike.
Key Points
  • Sinclair Gold Ltd continues to expand gold mineralisation at Mt Henry and Selene deposits.
  • Recent drilling has successfully extended gold mineralisation beyond the current 915,000oz resource.
  • Significant drill results include 17.0m @ 1.5g/t Au and 7.0m @ 2.8g/t Au from new holes.
  • The Mt Henry deposit shows mineralisation in multiple BIF horizons.
  • Sinclair plans a Mineral Resource update in the December 2026 quarter.
  • A $30 million capital raise supports ongoing exploration and drilling activities.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.