Sierra Nevada confirms large-scale As Safra copper system
Original announcement by stockhead on
- Company
- Sierra Nevada Gold
- Ticker
- SNX
- Exchange
- Unavailable
- Region
- Saudi Arabia
- Primary commodity
- Copper
- Secondary commodities
- Gold, Silver, Zinc, Lead
- Document categories
- Drill results, Other
- Extracted
- 2026-08-24 05:07:33 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Sierra Nevada Gold has confirmed a large-scale copper system at the As Safra project in Saudi Arabia, with mineralization extending over 800m. Phase 1 drilling yielded high-grade copper intercepts and identified multiple new targets, including a polymetallic breccia and a southeast copper system.
Reasoning: Phase 1 drilling has confirmed a large-scale copper system with high-grade intercepts and significant strike continuity, expanding the exploration footprint.
Positive factors
- Large scale copper system confirmed (800m+ strike)
- High grade copper intercepts (up to 4.95%)
- Multiple targets identified (Central Copper, SE, polymetallic breccia)
- Significant follow-up drilling program planned
Facts used in scoring: 12
Extracted facts
Stored fact records: 12. Some facts used in scoring do not have a stored record.
Drill Results (12)
ASDD0009As Safra · copperGrade: 1.49Grade Unit: %Intercept: 16 mView all detailsHide details
Identity
- Hole ID
- ASDD0009
- Project
- As Safra
- Commodity
- copper
- Region
- saudi arabia
- Reported Region
- Saudi Arabia
- Ticker
- SNX
Geometry
- Grade
- 1.49
- Grade Unit
- %
- Intercept
- 16 m
- From
- 160 m
Classification
- Sample Type
- drill
- Group ID
- ASDD0009:160-176
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-24T00:00:00.000Z
Reasoning: 1.49% Cu over 16m is a strong intercept for a large-scale system.
Positive factors
- Strong copper grade
Evidence · text
“16m at 1.49% Cu from 160m in ASDD0009”
ASDD0009As Safra · copperGrade: 4.95Grade Unit: %Intercept: 2 mView all detailsHide details
Identity
- Hole ID
- ASDD0009
- Project
- As Safra
- Commodity
- copper
- Region
- saudi arabia
- Reported Region
- Saudi Arabia
- Ticker
- SNX
Geometry
- Grade
- 4.95
- Grade Unit
- %
- Intercept
- 2 m
Classification
- Sample Type
- drill
- Group ID
- ASDD0009:160-176
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-24T00:00:00.000Z
Reasoning: 4.95% Cu is an exceptional grade intercept.
Positive factors
- Bonanza grade
Evidence · text
“including 2m at 4.95%”
ASDD0009As Safra · copperGrade: 3.62Grade Unit: %Intercept: 3 mView all detailsHide details
Identity
- Hole ID
- ASDD0009
- Project
- As Safra
- Commodity
- copper
- Region
- saudi arabia
- Reported Region
- Saudi Arabia
- Ticker
- SNX
Geometry
- Grade
- 3.62
- Grade Unit
- %
- Intercept
- 3 m
Classification
- Sample Type
- drill
- Group ID
- ASDD0009:160-176
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-24T00:00:00.000Z
Reasoning: 3.62% Cu is an exceptional grade intercept.
Positive factors
- Bonanza grade
Evidence · text
“including 3m at 3.62%”
ASDD0012As Safra · copperGrade: 1.83Grade Unit: %Intercept: 9 mView all detailsHide details
Identity
- Hole ID
- ASDD0012
- Project
- As Safra
- Commodity
- copper
- Region
- saudi arabia
- Reported Region
- Saudi Arabia
- Ticker
- SNX
Geometry
- Grade
- 1.83
- Grade Unit
- %
- Intercept
- 9 m
- From
- 99 m
Classification
- Sample Type
- drill
- Group ID
- ASDD0012:99-108
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-24T00:00:00.000Z
Reasoning: 1.83% Cu over 9m is a strong intercept.
Positive factors
- Strong copper grade
Evidence · text
“ASDD0012 returned 9m at 1.83% Cu from 99m”
ASDD0012As Safra · copperGrade: 2.69Grade Unit: %Intercept: 5 mView all detailsHide details
Identity
- Hole ID
- ASDD0012
- Project
- As Safra
- Commodity
- copper
- Region
- saudi arabia
- Reported Region
- Saudi Arabia
- Ticker
- SNX
Geometry
- Grade
- 2.69
- Grade Unit
- %
- Intercept
- 5 m
Classification
- Sample Type
- drill
- Group ID
- ASDD0012:99-108
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-24T00:00:00.000Z
Reasoning: 2.69% Cu is a strong grade intercept.
Positive factors
- Strong copper grade
Evidence · text
“including 5m at 2.69%”
ASDD0012As Safra · copperGrade: 0.54Grade Unit: %Intercept: 38 mView all detailsHide details
Identity
- Hole ID
- ASDD0012
- Project
- As Safra
- Commodity
- copper
- Region
- saudi arabia
- Reported Region
- Saudi Arabia
- Ticker
- SNX
Geometry
- Grade
- 0.54
- Grade Unit
- %
- Intercept
- 38 m
- From
- 118 m
Classification
- Sample Type
- drill
- Group ID
- ASDD0012:118-156
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-24T00:00:00.000Z
Reasoning: 38m at 0.54% Cu provides significant tonnage/width.
Positive factors
- Significant width
Evidence · text
“followed by 38m at 0.54% Cu from 118m”
ASDD0012As Safra · copperGrade: 1.67Grade Unit: %Intercept: 9 mView all detailsHide details
Identity
- Hole ID
- ASDD0012
- Project
- As Safra
- Commodity
- copper
- Region
- saudi arabia
- Reported Region
- Saudi Arabia
- Ticker
- SNX
Geometry
- Grade
- 1.67
- Grade Unit
- %
- Intercept
- 9 m
Classification
- Sample Type
- drill
- Group ID
- ASDD0012:118-156
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-24T00:00:00.000Z
Reasoning: 1.67% Cu over 9m is a strong intercept.
Positive factors
- Strong copper grade
Evidence · text
“including 9m at 1.67%”
ASRC0009As Safra · goldGrade: 0.18Grade Unit: g/tIntercept: 11 mView all detailsHide details
Identity
- Hole ID
- ASRC0009
- Project
- As Safra
- Commodity
- gold
- Region
- saudi arabia
- Reported Region
- Saudi Arabia
- Ticker
- SNX
Geometry
- Grade
- 0.18
- Grade Unit
- g/t
- Intercept
- 11 m
- From
- 55 m
Classification
- Sample Type
- drill
- Group ID
- ASRC0009:55-66
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-24T00:00:00.000Z
Reasoning: 0.18 g/t Au is a low grade intercept.
Evidence · text
“ASRC0009 returned 11m at 0.18g/t gold”
ASRC0009As Safra · silverGrade: 15.09Grade Unit: g/tIntercept: 11 mView all detailsHide details
Identity
- Hole ID
- ASRC0009
- Project
- As Safra
- Commodity
- silver
- Region
- saudi arabia
- Reported Region
- Saudi Arabia
- Ticker
- SNX
Geometry
- Grade
- 15.09
- Grade Unit
- g/t
- Intercept
- 11 m
- From
- 55 m
Classification
- Sample Type
- drill
- Group ID
- ASRC0009:55-66
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-24T00:00:00.000Z
Reasoning: 15.09 g/t Ag is a low grade intercept.
Evidence · text
“15.09g/t silver”
ASRC0009As Safra · copperGrade: 0.05Grade Unit: %Intercept: 11 mView all detailsHide details
Identity
- Hole ID
- ASRC0009
- Project
- As Safra
- Commodity
- copper
- Region
- saudi arabia
- Reported Region
- Saudi Arabia
- Ticker
- SNX
Geometry
- Grade
- 0.05
- Grade Unit
- %
- Intercept
- 11 m
- From
- 55 m
Classification
- Sample Type
- drill
- Group ID
- ASRC0009:55-66
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-24T00:00:00.000Z
Reasoning: 0.05% Cu is a very low grade intercept.
Evidence · text
“0.05% copper”
ASRC0009As Safra · zincGrade: 2.18Grade Unit: %Intercept: 11 mView all detailsHide details
Identity
- Hole ID
- ASRC0009
- Project
- As Safra
- Commodity
- zinc
- Region
- saudi arabia
- Reported Region
- Saudi Arabia
- Ticker
- SNX
Geometry
- Grade
- 2.18
- Grade Unit
- %
- Intercept
- 11 m
- From
- 55 m
Classification
- Sample Type
- drill
- Group ID
- ASRC0009:55-66
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-24T00:00:00.000Z
Reasoning: 2.18% Zn is a notable intercept in a polymetallic zone.
Evidence · text
“2.18% zinc”
ASRC0009As Safra · leadGrade: 0.17Grade Unit: %Intercept: 11 mView all detailsHide details
Identity
- Hole ID
- ASRC0009
- Project
- As Safra
- Commodity
- lead
- Region
- saudi arabia
- Reported Region
- Saudi Arabia
- Ticker
- SNX
Geometry
- Grade
- 0.17
- Grade Unit
- %
- Intercept
- 11 m
- From
- 55 m
Classification
- Sample Type
- drill
- Group ID
- ASRC0009:55-66
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-24T00:00:00.000Z
Reasoning: 0.17% Pb is a low grade intercept.
Evidence · text
“0.17% lead”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.