# Sierra Nevada confirms large-scale As Safra copper system Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/sierra-nevada-confirms-large-scale-as-safra-copper-system--02dc0ef9-1436-4f73-ba15-d97d2ace391a Original source: https://stockhead.com.au/resources/sierra-nevada-confirms-large-scale-as-safra-copper-system/ Publisher: stockhead Original announcement: 2026-08-24T03:06:44.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: Large scale copper system confirmed \(800m+ strike\) - Positive factor: High grade copper intercepts \(up to 4.95%\) - Positive factor: Multiple targets identified \(Central Copper, SE, polymetallic breccia\) - Positive factor: Significant follow-up drilling program planned Facts used in scoring: 12 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 12. Some facts used in scoring do not have a stored record. ## Drill Results (12) ### ASDD0009 [Link to this fact](https://atlas-staging.minestarters.com/news/sierra-nevada-confirms-large-scale-as-safra-copper-system--02dc0ef9-1436-4f73-ba15-d97d2ace391a#fact-drill-facts-0) As Safra · copper #### 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 factor: Strong copper grade Evidence · text > 16m at 1.49% Cu from 160m in ASDD0009 ### ASDD0009 [Link to this fact](https://atlas-staging.minestarters.com/news/sierra-nevada-confirms-large-scale-as-safra-copper-system--02dc0ef9-1436-4f73-ba15-d97d2ace391a#fact-drill-facts-1) As Safra · copper #### 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 factor: Bonanza grade Evidence · text > including 2m at 4.95% ### ASDD0009 [Link to this fact](https://atlas-staging.minestarters.com/news/sierra-nevada-confirms-large-scale-as-safra-copper-system--02dc0ef9-1436-4f73-ba15-d97d2ace391a#fact-drill-facts-2) As Safra · copper #### 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 factor: Bonanza grade Evidence · text > including 3m at 3.62% ### ASDD0012 [Link to this fact](https://atlas-staging.minestarters.com/news/sierra-nevada-confirms-large-scale-as-safra-copper-system--02dc0ef9-1436-4f73-ba15-d97d2ace391a#fact-drill-facts-3) As Safra · copper #### 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 factor: Strong copper grade Evidence · text > ASDD0012 returned 9m at 1.83% Cu from 99m ### ASDD0012 [Link to this fact](https://atlas-staging.minestarters.com/news/sierra-nevada-confirms-large-scale-as-safra-copper-system--02dc0ef9-1436-4f73-ba15-d97d2ace391a#fact-drill-facts-4) As Safra · copper #### 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 factor: Strong copper grade Evidence · text > including 5m at 2.69% ### ASDD0012 [Link to this fact](https://atlas-staging.minestarters.com/news/sierra-nevada-confirms-large-scale-as-safra-copper-system--02dc0ef9-1436-4f73-ba15-d97d2ace391a#fact-drill-facts-5) As Safra · copper #### 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 factor: Significant width Evidence · text > followed by 38m at 0.54% Cu from 118m ### ASDD0012 [Link to this fact](https://atlas-staging.minestarters.com/news/sierra-nevada-confirms-large-scale-as-safra-copper-system--02dc0ef9-1436-4f73-ba15-d97d2ace391a#fact-drill-facts-6) As Safra · copper #### 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 factor: Strong copper grade Evidence · text > including 9m at 1.67% ### ASRC0009 [Link to this fact](https://atlas-staging.minestarters.com/news/sierra-nevada-confirms-large-scale-as-safra-copper-system--02dc0ef9-1436-4f73-ba15-d97d2ace391a#fact-drill-facts-7) As Safra · gold #### 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 ### ASRC0009 [Link to this fact](https://atlas-staging.minestarters.com/news/sierra-nevada-confirms-large-scale-as-safra-copper-system--02dc0ef9-1436-4f73-ba15-d97d2ace391a#fact-drill-facts-8) As Safra · silver #### 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 ### ASRC0009 [Link to this fact](https://atlas-staging.minestarters.com/news/sierra-nevada-confirms-large-scale-as-safra-copper-system--02dc0ef9-1436-4f73-ba15-d97d2ace391a#fact-drill-facts-9) As Safra · copper #### 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 ### ASRC0009 [Link to this fact](https://atlas-staging.minestarters.com/news/sierra-nevada-confirms-large-scale-as-safra-copper-system--02dc0ef9-1436-4f73-ba15-d97d2ace391a#fact-drill-facts-10) As Safra · zinc #### 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 ### ASRC0009 [Link to this fact](https://atlas-staging.minestarters.com/news/sierra-nevada-confirms-large-scale-as-safra-copper-system--02dc0ef9-1436-4f73-ba15-d97d2ace391a#fact-drill-facts-11) As Safra · lead #### 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.