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Sierra Nevada Gold Inc. (ASX:SNX)

ALERT: Price-sensitive ASX Announcement for SNX
Current share price for SNX : $0.115 0.01 (9.52%)+
Announcement
Release
19 Aug 2026 8:57AM
Price at Release
$0.105
Full Release
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Summary
Sierra Nevada Gold Inc. (ASX: SNX) announced significant high-grade copper-gold results from its As Safra Copper-Gold Project located in the Kingdom of Saudi Arabia. Recent surface sampling identified exceptional mineralization, with key samples showing copper content as high as 15.8% and gold up to 5.83 grams per ton. The company highlighted new undrilled targets adjacent to the North Central Target and an expanded southern polymetallic breccia discovery. Ongoing geophysical and geochemical assessments are refining targets for an upcoming Phase 2 drilling program. These promising findings indicate substantial potential for further discoveries along a mineralized corridor that remains largely unexplored.
Key Points
  • Rock chips returned up to 15.8% copper and 5.83g/t gold.
  • New high-grade copper-gold targets identified at As Safra.
  • Sampling expands known mineralized system significantly.
  • Undrilled target adjacent to North Central returns high copper.
  • Southern polymetallic breccia discovery expands significantly.
  • Upcoming Phase 2 drilling program to further explore targets.
  • Geophysical and geochemical vectoring supports expansion.
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.