$SAG.v price action looks good ahead of drilling updates. Exploration began at Sterling Metals’ (TSXV: SAG) Sail Pond project one month ago. The 2022 exploration program is focused on drilling, regional target generation, and project enhancement.
Since this announcement, SP has been ranging between $.3 and $.375, after seeing a rebound from recent lows of $.205.
Strong support has been established at $.3, and resistance at $.375. I’ll be watching for a strong break above $.375 with high volume once $SAG.v provides updates on exploration.
Drilling officially commenced on June 15, so I expect to hear updates on progress this month. Newfoundland has been getting a lot of recognition lately as the next big Canadian gold/silver district, so I’m really excited to hear updates from Sterling.
$SAG.v is currently trading at $.35, valued at $24.41 million.
https://ceo.ca/@accesswire/sterling-metals-launches-2022-exploration-campaign