St. Barbara Ltd. (AU:SBM) has released an update.
Exploration Success at Sorowar – Pigiput Zone
St Barbara Ltd has reported promising assay results from the latest exploration drill holes at the Sorowar – Pigiput zone, with significant gold intercepts that lie outside the current resource estimates and pit designs at their Simberi Operations in Papua New Guinea. Notably, drill hole SDH542 yielded 44 meters at 2.5 g/t gold, including higher-grade segments, indicating potential for resource expansion. These results will inform future updates to the company’s Mineral Resource and Ore Reserve estimates, although not included in the current update.
Unlocking Value through Exploration
The positive assay results from the exploration drill holes demonstrate St. Barbara Ltd’s ongoing commitment to unlocking value through exploration activities. By identifying significant gold intercepts outside of current resource estimates, the company is positioning itself for potential resource expansion and increased value for shareholders.
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