In order to mitigate investor uncertainty due to the recent performance of the commodities market, Sterling Metals (TSXV: SAG) has provided updates on drilling at the Sail Pond Project as well as its risk mitigation strategy.
Phase 2 drilling has progressed at Sail Pond and the company has drilled over 5500m to date. Targeting has expanded initial structural understanding, and the company has been able to narrow down its areas of interest as it systematically explores the trend.
The company also recently switched assay labs to SGS Labs thinking that a larger company could weather the current disruptions better than a smaller one. Unfortunately, while SAG has seen gains in its operational capacity and feels confident in its balance sheet, it is still awaiting its first assay results.
While this has impacted the company’s ability to respond to drilling results in an agile and nimble manner, SAG is working hard to ensure that its program continues to go ahead as planned.
I’m really happy to see that leadership is transparent and forthcoming with its setbacks, and that said setbacks are simply due to supply chain disruptions and staff shortages that are affecting the entire industry.
SAG.v is currently trading at $.255, valued at $17.79 million.
https://ceo.ca/@accesswire/sterling-metals-provides-update-to-shareholders