SQX Resources (ASX:SQX) reports a major milestone for its 80%-owned subsidiary AM6, having received final approval from the US Bureau of Land Management to commence site works and drilling at the Red Bird Gold Project in Arizona.
The approval of the notice of intent clears the way for immediate road construction, drill pad preparation, and the launch of a ~2,500m reverse circulation drilling program this month.
The maiden campaign, conducted with North American contractor Midnight Sun Drilling, will target known high-grade gold structures and test extensions down-dip and along strike, while concurrent underground mapping and systematic channel sampling will support the rapid definition of a maiden JORC mineral resource.
Recent fieldwork, including structural mapping and sampling, has identified visible coarse gold, confirming the high-grade potential of the historic mining district.
SQX Executive Chairman Patric Glovac stated, "This permit marks a transformative step, enabling AM6 to move from evaluation to active exploration. The discovery of coarse gold at surface reinforces the prospectivity of Red Bird, and our strategy remains focused on defining a large-scale, bulk-tonnage gold system in one of the world’s most prolific mining jurisdictions."
At the time of reporting, SQX Resources' share price was $0.14.