Since falling below support at $.3, Sterling Metals (TSXV: SAG) shares have recovered 21% to trade at $.31.
The company recently provided a shareholder update acknowledging the delays it has seen in receiving assay results from the Sail Pond Project. Despite switching to a larger assay lab, results have still seen unanticipated delays. This is disappointing considering the company has seen gains in its operational capacity and feels confident in its balance sheet. However, I do really appreciate the transparency from leadership.
Since beginning Phase II drilling on June 15, Sterling has drilled over 5500m at Sail Pond. Targeting has expanded the company’s initial structural understanding of the Heimdall Trend by utilizing an exploration target matrix of 6 geological factors.
Really looking forward to seeing what the assays yield once Sterling finally has them in hand.
SAG.v is currently trading at $31, valued at $21.62 million.
https://ceo.ca/@accesswire/sterling-metals-provides-update-to-shareholders
s