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    Sipa Resources Intersects Significant New Mineralisation at Akelikongo

    Sipa Resources (ASX: SRI) has announced first diamond drilling results from the ongoing exploration program at its Kitgum Pader Nickel-Copper Project in Northern Uganda.

    The company reported that it has intersected new disseminated and massive magmatic nickel-copper sulphide mineralization in five diamond holes at Akelikongo. Notable drilling results include 16.4m @ 0.44% Ni, 0.12% Cu and 0.03% Co from 274.3m in hole AKD020.

    SRI said that the mineralisation intersected in hole AKD022 provides a key focus for ongoing exploration activity under the Rio Tinto JV. Down plunge of AKD022 the mineralisation is open.

    Sipa reported that nine diamond holes for 3,564.1m have been drilled project-wide under the Rio Tinto JV to date. The company also said that drilling continues at the Lawiye Adul target as part of the regional geochemical characterization of ultramafic intrusions.

    Kitgum Pader Nickel-Copper Project

    Located in northern Uganda on the north-east margin of the Congo super-craton, the Kitgum-Pader Project is a joint venture between Sipa and Rio Tinto Mining & Exploration Limited (Rio Tinto). Kitgum Pader comprises of two key projects – the Akelikongo nickel copper cobalt deposit and the Pamwa lead zinc silver prospect.

    The company reported that nine holes have been drilled to date for a total of 3,564.1m covering the Goma and Lawiye Adul regional targets, with five holes for 1,993.5m completed at the Akelikongo discovery, AKD018, and AKD019, AKD020, AKD021, and AKD022. The company reported that extensive rock chip sampling, mapping, and ground gravity surveying has also been completed.

    Sipa announced that all work is designed to confirm the fertility of extensive mafic to ultramafic intrusions to host nickelcopper magmatic sulphides such as those already discovered by it at Akelikongo.

    Positive Results at Akelikongo

    The company has reported positive drilling results at Akelikongo. One of the significant results include 16.4m @ 0.44% Ni, 0.12% Cu and 0.03% Co from 274.3m in hole AKD020. It may be noted that the intercept in AKD020 lies ~200m east of the discovery zone drilled by Sipa in 2015-2017.

    Meanwhile, hole AKD019 returned a mixed oxide and sulphide intercept of 10m @ 0.49% Ni and 0.16% Cu from 29m (oxide) and 10m @ 0.43% Ni and 0.13% Cu from 39-49m and 4m @ 0.37% and 0.12% Cu from 53m and extends the near surface mineralised zone further east.

    The company also reported 9m zone of disseminated mineralisation in hole AKD021 (assays awaited) and 29.55m (down-hole width) of disseminated and massive sulphide mineralisation in hole AKD022 (assays awaited). Down plunge of AKD022 the mineralisation is open.

    Regional Drilling Update

    The company said that drilling is ongoing at the Lawiye Adul target as part of the regional geochemical characterization of ultramafic intrusions. Sipa reported that assay results have been received for regional holes LAD001 at Lawiye Adul and GMD 001 at Goma.

    The company said that assays have been collected in order to study the geochemical characteristics of the magmas which can determine whether these regional intrusions have the potential to host magmatic sulphides. This study, in conjunction with further rock chip sampling and analysis, is ongoing.

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    • Delayed Prices (USD) - Last Updated 29-06-2022
    • Gold $1,819.40
    • Silver $20.79
    • Platinum $909.00
    • Palladium $1,802.00
    • Dalian Iron Ore i2209 $121.88
    • Aluminium $2,495.50
    • Cobalt $72,400.00
    • Copper $8,417.50
    • Lead $2,003.50
    • Nickel $22,882.00
    • Tin $26,991.00
    • Zinc $3,318.00