Sunshine Gold Drills Large-Scale Gold Confirmation at Triumph Project

THE DRILL SERGEANT: Sunshine Gold (ASX: SHN) results from RC drilling at the company’s 100 per cent-owned Triumph Project near Gladstone in Queensland.

Sunshine Gold explained the drilling tested a new target 600 metres south of the Southern Corridor within the project that hosts over 90 per cent of the current Resource of 118,000 ounces at 2.03 grams per tonne gold.

This 90 per cent is, in turn, hosted in 20 per cent of three kilometres within 6km of delineated structure of the Southern Corridor, shallower than 100m.

Two 80m spaced holes intersected gold and pathfinder elements within a 1km long geochemical and geophysical anomaly, returning results including:

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4 metres at 1.92 grams per tonne gold, 151g/t silver, 1.62 per cent zinc, 1.25 per cent lead from 48m; and

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3m at 1.23g/t gold from 38m.

Further extensional drilling was also undertaken, from which the company expects to extend the immediate Southern Corridor Resource.

Other drilling conducted over 400m of the Northern Corridor was also deemed successful by the company from a Resource growth perspective.

“Encouraging intersections in big step out drilling has reaffirmed that Triumph is a large-scale gold system,” Sunshine Gold managing director Dr Damien Keys said in the company’s ASX announcement.

“We have previously drilled about 20 per cent of the Southern Corridor down to 100 metres to deliver our current Resource.

“The recent program has tested extensions to the Southern Corridor, new zones in the Northern Corridor and a new untested, target structure 600 metres south of the existing Resource – Far South.

“The Far South drilling intersected encouraging gold and very high silver grades with two holes, 80m apart.

“The soil and geophysical anomaly persist for over one kilometre and now presents as an exciting new area for significant Resource growth.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE