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SQX Resources Limited (ASX:SQX)

ALERT: Price-sensitive ASX Announcement for SQX
Current share price for SQX : $0.048 -0.137 (-74.05%)+
Announcement
Release
1 Apr 2026 9:46AM
Price at Release
$0.185
Full Release
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Summary
SQX Resources Limited has announced promising results from their maiden reverse circulation (RC) drilling program at the Red Bird Gold Project in Arizona, USA. The initial assays from this drilling confirm significant, broad, and near-surface gold mineralization, suggesting a substantial shallow gold system with continuity from surface to at least 60 meters depth. Notable intercepts include 42.7 meters at 1.4g/t gold from 4.6 meters and 16.8 meters at 2.9g/t gold from 41.1 meters. The results indicate potential for bulk-tonnage, near-surface open-pit resources. The company plans to pursue further IP geophysical surveys and additional drilling to test for depth and strike extensions of the mineralization.
Key Points
  • Significant gold mineralization confirmed at Red Bird.
  • Maiden drilling program consisted of 25 RC holes.
  • Results suggest a substantial shallow gold system.
  • Standout drilling intercepts include 42.7m at 1.4g/t Au.
  • Potential for bulk-tonnage, near-surface open-pit resources.
  • Further geophysical surveys and drilling planned.
  • Results demonstrate excellent grade continuity.
  • Next steps include targeting depth and strike extensions.
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.