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Six Sigma Metals (ASX:SI6) enters first trading halt in over a year
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  • Si6 Metals (SI6) has released its December 2020 quarterly update, detailing its financial and operational status over the period
  • The explorer continued exploration activities at its Maibele Project in Botswana, identifying promising signs of high-grade copper and silver mineralisation
  • SI6 also received key regulatory approvals to proceed with drill planning at the Monument Gold Project in West Australia, with drilling officially commencing earlier this month
  • In terms of finances, SI6 has indicated it remains well funded for future endeavours
  • Investors have responded somewhat favourably to the announcement, with SI6 shares up 5.26 per cent trading at 2 cents each

Si6 Metals (SI6) has released its December 2020 quarterly update, detailing its financial and operational status over the period.

Over the course of the three months, SI6 pushed forward with exploration activities at its Maibele Project in Botswana, targeting nickel, copper, cobalt, platinum group elements (PEG) and silver mineralisation.

Diamond drilling at Maibele North reached depths of 320 metres, however, with the main target in the hole was expected at around 400 metres to 500 metres.

Si6 also completed gradient array induced polarisation surveying at its Airstrip and Dibete Prospects earlier in the quarter, which the company says show strong
chargeability responses for high-grade copper and silver mineralisation.

Sampling at Majante shows two 1.2-kilometre-long, sub-parallel zones of strong nickel
responses coincident with the conductive electromagnetic (EM) feature.

Over at SI6's Monument Gold project in Western Australia, the company received written approval from the Department of Mines, Industry and Safety, allowing SI6 to prepare and commence a 4375-metre reverse circulation (RC), drill program.

The explorer says it has also clocked further follow up drilling and exploration targets at the project.

In terms of finances, SI6 has roughly $5.6 million in liquid assets, allowing it to keep operations ticking over well into the next four years should spending continue at current levels.

Investors have responded somewhat favourably to the announcement, with SI6 shares up 5.26 per cent trading at 2 cents each at 12:40 pm AEDT.

SI6 by the numbers
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