Sunshine Gold Continues Broad Copper Zone Growth at Ravenswood
THE DRILL SERGEANT: Sunshine Gold (ASX: SHN) received assay results from drilling recently undertaken on the Bank and Titov East prospects that are part of a 15 kilometres long mineralised corridor at the company’s Ravenswood West project in Queensland.
Sunshine Gold reported assay results have been returned for a five-hole reconnaissance RC drilling program at the Bank copper-gold-silver-molybdenum target, from which two holes, 22BKRC004 and 22BKRC005 contained increasing copper grades toward the end of hole, which the company interpreted to be suggesting a strengthening copper trend to the south of current drilling.
Further assay results were received from broad step off drilling at the Titov Main copper-gold-silver-molybdenum target that extended the length of mineralised zone to over 500 metres.
Titov Main is now defined to depths of 350m with an average intercept thickness of 81m.
Sunshine said assay results from hole 22TVRC012 had also confirmed continuity of a high-grade footwall zone the company had identified in previous drilling campaigns.
“The five RC hole reconnaissance program at the Bank has given us a solid vector to another porphyry copper-gold-silver-molybdenum system,” Sunshine Gold managing director Damien Keys said in the company’s ASX announcement.
“The 70 metres thick intercept of copper mineralisation at the end of 22BKRC005 is a fantastic result from limited drill metres and will allow us to effectively test the Bank in our September drilling campaign.
“The results from the eastern end of Titov Main have returned more solid copper and molybdenum mineralisation.
“Titov is a significant mineral system, now delineated over 500 metres of strike, to depths of 350 metres with an average intercept thickness of 81 metres.
“The next round of pending results will incorporate those drilled into a strong IP conductor at Titov Main.
“We eagerly await the outstanding assay results and have already commenced follow up drill planning at the Bank, and our first drilling at Gagarin copper-gold-silver-molybdenum and Wilburs Hill gold.”
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Email: info@shngold.com.au
Web: www.shngold.com.au
