SNX - Sierra Nevada Gold

[System]

Since founding Sierra Nevada in 2011 with the purpose of assembling mineral exploration projects in Nevada, United States of America, the Company has invested over US$10 million to generate and advance five copper, gold and silver Projects that are ready to drill.

Sierra Nevada's Blackhawk Project is located in the prolific Walker Lane Trend of SW Nevada and includes two significant exploration opportunities. Firstly, a Tier 1 scale copper/gold porphyry system discovered by the Company's drilling in 2018 that has significant exploration potential and is the subject of ongoing interest from major resource companies. Secondly, an extensive high-grade silver/gold epithermal vein system into which the Company has drilled a successful discovery hole to be further explored. The Blackhawk Project area contains more than 8 historic mining centres with some recorded past high-grade production that, apart from minor drilling in the 1980's, have not been tested with modern exploration techniques.

Sierra Nevada's gold projects, Warrior, New Pass and Colorback, have all been the subject of exploration expenditure by the Company since 2011 so that all Projects now present drill ready opportunities. The Company's focus is to rapidly drill test defined targets with the goal to establish early pathways to economic resources.

It is anticipated that SNX will list on the ASX on 3 May 2022.

Sierra Nevada Gold Inc. - Home

Sierra Nevada Gold was established in 2011, with more than US$10M invested in building and exploring a portfolio of five 100% controlled projects.

sngold.com.au

 

[Dona Ferentes]

Listing date	03 May 2022 ; 11:30AM AEST ##
Company contact details	Sierra Nevada Gold Inc. - Home Sierra Nevada Gold was established in 2011, with more than US$10M invested in building and exploring a portfolio of five 100% controlled projects. sngold.com.au Ph: +61 3 9041 1902
Principal Activities	Gold, silver and copper exploration
GICS industry group	TBA
Issue Price	AUD0.50
Issue Type	Chess Depository Interests
Security code	SNX
Capital to be Raised	$12,500,000
Expected offer close date	31 March 2022
Underwriter	Not underwritten. Bell Potter Securities Limited (Lead Manager).

 

[Dona Ferentes]

SNX made it to market last week 03 May, trading to 50c then down to 44c, now 47c

 

[finicky]

SNX @ 0.075
Rallied 82% today

Haven't read about this and will let it pass, but might have high risk speculative interest for some, given its a silver project. A terrible record since listing its CDIs here only two years ago @ $0.50

"Sierra Nevada (ASX:SNX) will review the potential for a large, high-grade epithermal silver-dominated vein system at Blackhawk, Nevada, USA. The high-grade intercept is situated 150m vertically below the deepest portion of the historic mine and includes higher grade intersections of 0.5m at 1270g/t Ag from 256.5m. Shares are trading 82.93 per cent higher at 7.5 cents."

Not Held
Not Buying

WEEKLY

 

[houtman]

SNX @ 0.075
Rallied 82% today

Haven't read about this and will let it pass, but might have high risk speculative interest for some, given its a silver project. A terrible record since listing its CDIs here only two years ago @ $0.50

"Sierra Nevada (ASX:SNX) will review the potential for a large, high-grade epithermal silver-dominated vein system at Blackhawk, Nevada, USA. The high-grade intercept is situated 150m vertically below the deepest portion of the historic mine and includes higher grade intersections of 0.5m at 1270g/t Ag from 256.5m. Shares are trading 82.93 per cent higher at 7.5 cents."

Not Held
Not Buying

WEEKLY
View attachment 177354

No doubt there are a few magpie supporters feeling the pinch here.

https://sngold.com.au/wp-content/uploads/2022/04/FPyTtKPakAA1JQG.png

 

[Dona Ferentes]

and back down, coming out of TH.

.
ighlights
- SNX receives firm commitments for a $2.6 million placement at $0.056 per share/CDI
- Placement was very strongly supported by existing shareholders as well as institutional and sophisticated investors.
- SNX to use funds to advance exploration at its Blackhawk Silver Epithermal Project, which recently returned high-grade silver intercepts up to 1270 g/t Ag
- Blackhawk has the potential to be a company-making discovery, hosting a large, high-grade epithermal silver-dominated vein system
- SNX has commenced a strategic review to evaluate options for its assets to maximise value for shareholders.
.
and more flesh, from a week ago

SNX to follow up 1270 g/t silver intercept in hole BHD006 at Blackhawk, Nevada, USA

Highlights
• Sierra Nevada to review potential for a large, high-grade epithermal silver-dominated vein system.
• Previously drilled core hole BHD006 returned 5m at 479 g/t Ag within a larger mineralised zone of 12m at 219 g/t Ag from 250m beneath the Endowment mine at its Blackhawk Epithermal Project in Nevada, USA.
• This high-grade intercept is situated 150m vertically below the deepest portion of the historic mine and includes higher grade intersections of:
o 0.5m at 1270g/t Ag from 256.5m
o 1m at 823g/t Ag from 257m
o 1m at 654g/t Ag from 258m
• These silver intercepts are associated with very high-grade lead-zinc-gold, demonstrating the potential for extremely high value ore.
• Potential for a company-making silver discovery at Blackhawk, where SNX has identified 22.5-line kilometres of high-grade silver-gold-lead-zinc veins.
• Two shallow oxide resources (historic, non-JORC) estimated at Silver Gulch and Morning Star.
• SNX has recently defined several high priority drill targets, and a multi-hole drill program is permitted.