SQX Reports Gold Assays up to 49.2 g/t at Red Bird and 358 g/t at Williams
SQX Resources has validated historic high-grade gold and silver assays at its US projects, completed a strategic acquisition, and raised $2 million to accelerate exploration.
- Bonanza-grade gold assays up to 49.2 g/t at Red Bird Project, Arizona
- Exceptional gold-silver results including 358 g/t Au and 1,800 g/t Ag at Williams Project, Montana
- Acquisition of 80% stake in AM6 Pty Ltd completed, securing key US assets
- $2 million placement strengthens balance sheet for exploration
- Maiden drilling planned for Red Bird; further sampling and geophysics at Williams
Strategic US Entry Validated by High-Grade Assays
SQX Resources Limited has taken a significant step forward in its growth strategy by confirming bonanza-grade gold mineralisation at its Red Bird Project in Arizona and exceptional gold-silver assays at the Williams Project in Montana. These results not only validate historical data but also underpin the company’s confidence in advancing exploration in these premier US mining districts.
The Red Bird Project’s underground sampling program returned gold assays peaking at 49.2 grams per tonne, exceeding some historical results and highlighting a wide epithermal gold system with both high-grade veins and a broader mineralised halo. The shallow nature of this mineralisation opens multiple development pathways, including selective underground mining and near-surface bulk open-pit scenarios.
Williams Project Delivers Exceptional Gold and Silver Grades
At the Williams Gold-Silver Project, underground chip-channel and grab sampling revealed extraordinary grades, with assays reaching 358 grams per tonne gold and 1,800 grams per tonne silver. These findings reinforce the high-grade tenor of the project’s epithermal vein system, which remains largely underexplored. The company is planning further underground sampling and geophysical surveys to delineate high-grade shoots ahead of the 2026 field season.
Acquisition and Capital Raise Strengthen Growth Prospects
In a strategic move, SQX completed the acquisition of an 80% interest in AM6 Pty Ltd, the holder of both the Red Bird and Williams projects. The deal includes performance rights tied to exploration milestones, aligning incentives for advancing these assets. Complementing this, SQX successfully raised $2 million through a placement to professional investors, bolstering its balance sheet to fund accelerated exploration and development activities.
With cash reserves of $2.81 million at quarter-end, the company is well-positioned to commence its maiden reverse-circulation drilling program at Red Bird in early February 2026 and to continue systematic exploration at Williams and its Queensland-based Scrub Paddock Prospect.
Looking Ahead – Drilling and Exploration to Define Value
SQX’s forward program includes drilling at Red Bird, further underground sampling and geophysical surveys at Williams, and ongoing technical reviews at Scrub Paddock. These activities aim to refine geological models, confirm mineralisation extents, and ultimately define a compliant resource estimate. The company’s approach balances near-term exploration with strategic asset consolidation in Tier-1 jurisdictions, offering potential for meaningful shareholder returns.
Bottom Line?
SQX’s US foothold and strong assay results set the stage for a pivotal drilling campaign that could unlock significant value.
Questions in the middle?
- Will upcoming drilling at Red Bird confirm a substantial resource to trigger performance rights vesting?
- How will SQX prioritise development pathways between underground and open-pit mining at Red Bird?
- What are the implications of the high-grade assays at Williams for the project’s scalability and economics?
