Sterling Metals (TSXV: SAG) shares are continuing to rebound after shares broke below the price range established in June. This rebound from the lowest price seen in 3 months shows that volatility is increasing, and that there is potential for shares to break above $.37 on this next swing.
The company is currently in the middle of phase II drilling at the Sail Pond project, following up on the 2021 Heimdall Zone discovery. Drilling commenced on June 15, so I expect the company should be providing exploration updates sooner than later.
Management has noted the Sail Pond trends similarity to the Keno Hill district in the Yukon, where 200 Moz of silver has been produced. If exploration updates are able to further support this claim, I expect SAG shares could establish new support above the current range and chart a bullish trajectory.
SAG.v is up 8% today, currently trading at $.315, valued at $21.97 million.
https://ceo.ca/@accesswire/sterling-metals-launches-2022-exploration-campaign