Listing on the Australian Stock Exchange in 1987, Sipa Resources Limited (ASX Code: SRI) is a Perth-based Australian gold, base metals and nickel exploration company with a proven track record.

Sipa in the 1990s found the Panorama Copper-Zinc VMS Province and the Ashburton Gold Province, where the company produced profitable gold to mid 2004 from its discoveries.

Sipa’s present leading projects are in three of the ‘Hottest Exploration Spots’ in Australia:

The Thaduna Copper Project in WA’s Gascoyne Region is only 25 kilometres east of the high grade DeGrussa-Conductor 1 Copper-Gold discovery and recent Sipa geological, geochemical and geophysical surveys are outlining some very exciting drilling targets.

The Ilgarari Copper Project covering 985 sq km is located adjacent to, and northeast of, historic copper workings about 150 kilometres north of Thaduna in Western Australia. Like Thaduna, the area has the potential to host major copper deposits and SEDEX-class lead-zinc deposits.

The Tennant Creek Gold and Copper Projects are within the northwestern, and underexplored, extension of the ‘Company-Making’ Tennant Creek Goldfield – the Juno mine helped make the Peko Wallsend company and White Devil made Normandy. Drilling late last year has provided encouragement for Sipa to plan aggressive exploration for the coming field season.

Record Activity at Four Key Sipa Projects

Sipa has enjoyed one of the busiest starts to an exploration field season in our 23 year history with a wealth of new drilling data received in the June 2010 Quarter.

Included is 27,000 metres of RAB/Aircore drilling in 774 holes over Woodline and Ilgarari and 1,770 metres of RC drilling in 8 holes at Thaduna.

Planned exploration includes 30,000 metres of RAB/Aircore; a 700 metre diamond drillhole at Thaduna and another 10,000 metres of RAB/Aircore for Woodline. Activity at Ilgarari and Tennant Creek is dependent upon forthcoming exploration results.

For more information, see our Quarterly Report.

BRR interview
17 March