Sipa Resources: Potential for Large-Scale Nickel Sulphide Province Confirmed at Akelikongo

Base Metals Investing

Sipa Resources Limited (ASX: SRI) is pleased to report on its current activities on its 100%-owned Akelikongo Nickel-Copper Sulphide Project in northern Uganda (Figure 1a) including a successful AMT survey at Akelikongo and lithogeochemistry and mapping of other emerging prospect areas. As quoted in the press release: HIGHLIGHTS • Initial processing of data from the …

Sipa Resources Limited (ASX: SRI) is pleased to report on its current activities on its 100%-owned Akelikongo Nickel-Copper Sulphide Project in northern Uganda (Figure 1a) including a successful AMT survey at Akelikongo and lithogeochemistry and mapping of other emerging prospect areas.

As quoted in the press release:

HIGHLIGHTS

• Initial processing of data from the Audio Magneto Telluric (AMT) survey at Akelikongo has demonstrated its effectiveness and that it will assist in targeting mineralisation down plunge and elsewhere.

• Potential for additional nickel and copper mineralised intrusions similar to Akelikongo is confirmed by recently completed litho-geochemistry with results confirming that these rocks contain base metal, trace element and rare earth element content and characteristics which are genetically related to Akelikongo suite intrusions.

• The broader project area has now been confirmed as having the potential for multiple nickel sulphide discoveries, providing a strong pipeline of exploration opportunities.

• Sipa is currently formulating the next phase of exploration at Akelikongo, which may including drilling to test down-plunge extensions of Akelikongo and other regional ultramafic targets, in parallel with upcoming work at its Paterson North Project in WA.

Click here for the full text release

The Conversation (0)
×