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SQX Resources Limited (ASX:SQX)

ALERT: Price-sensitive ASX Announcement for SQX
Current share price for SQX : $0.048 -0.092 (-65.71%)+
Announcement
Release
13 Apr 2026 8:22AM
Price at Release
$0.140
Full Release
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Summary
SQX Resources Limited reported outstanding high-grade gold intercepts from its maiden drilling program at the Red Bird Gold Project in Arizona. The drilling results revealed multiple thick, near-surface gold intercepts, which confirm a substantial shallow gold system with open-pit potential. Notable results include significant gold grades starting at or near the surface, with intercepts such as 24.4m at 3.1g/t Au and 13.7m at 2.9g/t Au. The company plans further exploration including IP geophysical surveys and additional drilling to expand the known mineralised zones. This development supports a potential low-cost, shallow open-pit mining scenario.
Key Points
  • Maiden drilling program at Red Bird delivers outstanding results.
  • High-grade gold intercepts confirmed from surface to 60m depth.
  • Significant intercepts include 24.4m at 3.1g/t Au and 13.7m at 2.9g/t Au.
  • Potential for low-cost, shallow open-pit mining scenario.
  • Further exploration planned, including IP geophysical surveys.
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.