en.Wedoany.com Reported - Sierra Nevada Gold has appointed Adam Oehlman as Chief Executive Officer, effective June 11, 2026. The company is deploying three drill rigs at As Safra in Saudi Arabia for drilling, while conducting trial mining at New Pass in Nevada, USA. Executive Director Peter Moore will oversee the transition and current work programs.
Oehlman takes the helm as the company ramps up drilling at As Safra in Saudi Arabia and advances the New Pass project in Nevada. He brings experience in geology, corporate development, capital markets, and mergers and acquisitions, having previously worked at Northern Star Resources, OZ Minerals, and Hancock Prospecting. Most recently, Oehlman led African Gold through a resource growth phase and completed a corporate transaction valued at over A$550 million.
SNX Chairman Simon Lill stated that Oehlman's background in advancing resource projects, building market support, and executing corporate transactions will be instrumental as the company seeks to unlock the value of its project portfolio.
Oehlman joins as Sierra Nevada seeks to focus its extensive portfolio into a clearer growth strategy. Executive Director Peter Moore will continue to support the transition and current work programs, providing continuity for the company. The company's immediate priorities are maintaining momentum in Saudi Arabia, advancing work in Nevada, and evaluating broader US portfolio opportunities. The company combines this approach with Oehlman's technical and corporate experience to advance exploration, development, and strategic opportunities.
In Saudi Arabia, Sierra Nevada's primary operations are focused on As Safra, where Phase 1 drilling has commenced using three drill rigs. The program targets priority copper-gold zones, extensions of known mineralization, and areas identified by recent geochemical and geophysical work. The company noted that previous discoveries at As Safra included sulfide-rich intercepts, such as a 24.55-meter section grading 1.69% copper and a 5.0-meter section grading 4.07% copper. Surface sampling has confirmed high-grade copper and gold in multiple areas, providing clear technical targets for the current drilling program. The near-term goal is to identify priority targets and build evidence for a larger-scale copper-gold system.
In Nevada, work is focused on near-term execution and commercialization at New Pass. Related activities include underground rehabilitation and trial mining to support bulk sampling, grade verification, and metallurgical work. This gives Sierra Nevada two active fronts: three drill rigs testing copper-gold targets at As Safra in Saudi Arabia, while advancing the New Pass project toward commercialization through trial mining and rehabilitation.
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