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SQX Resources Limited (ASX:SQX)

ALERT: Price-sensitive ASX Announcement for SQX
Current share price for SQX : $0.048 -0.137 (-74.05%)+
Announcement
Release
25 Feb 2026 8:10AM
Price at Release
$0.185
Full Release
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Summary
SQX Resources Limited has successfully completed its maiden 2,500m Reverse Circulation (RC) drilling program at the Red Bird Gold Project in Arizona, USA. The drilling, which included 25 holes spanning 2,509 meters, targeted the core epithermal vein systems and aimed to validate previously identified high-grade gold mineralisation as well as test for a broader mineralised halo. This initiative will help determine Red Bird's potential for both high-grade underground and bulk-tonnage open-pit resources. The samples have been sent to ALS Tucson for analysis, with results expected in three weeks, initiating a period of anticipated news flow for the company.
Key Points
  • Maiden 2,500m RC drilling program completed at Red Bird Gold Project.
  • 25 holes drilled covering a total of 2,509 meters.
  • Targeted core epithermal vein, breccia, and replacement mineralisation systems.
  • Aimed to validate high-grade potential and test for a broader mineralised halo.
  • Samples sent to ALS Tucson for analysis with results expected in three weeks.
  • Operational excellence achieved with the RC MPP Grasshopper Rig.
  • Part of SQX's strategy for long-term shareholder value through disciplined exploration.
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.