Sunshine Gold Rare Earths Target Grows at Elphinstone Creek

THE DRILL SERGEANT: Sunshine Gold (ASX: SHN) reported results from recent rare earth element (REE) soil sampling carried out at the Elphinstone Creek REE-gold prospect within the company’s 100 per cent-owned Ravenswood West project in Queensland.

Sunshine Gold received assay results from a further 171 soils samples at Elphinstone Creek, which it said continue to demonstrate the highly anomalous rare earth nature of the ‘regionally unique’ Barrabas Adamellite alkali intrusion.

Elevated REE from recent soil sampling at Elphinstone Creek include 17 results greater than 1,000ppm total rare earth oxides (TREO) with a peak value of 1,327ppm.

“Elphinstone Creek shapes as a significant rare earth system,” Sunshine Gold managing director Damien Keys said in the company’s ASX announcement.

“It is located within a regionally ‘unique’ alkali intrusion that is importantly high in the permanent magnet metals being neodymium and praseodymium (which constitute an estimated 90% of global rare earth values).

“We have engaged rare earth specialists from the Australian National University to expedite our understanding of the mineralogy and nature of the rare earth mineralisation.

“Soil sampling continues at Elphinstone Creek and is anticipated to have covered the whole of the highly prospective Barrabas Adamellite in July 2022.

“Furthermore, Elphinstone Creek is located on the southern end of a 15 kilometres long corridor of copper-gold-silver-molybdenum and rare earth targets, where drilling is set to recommence once the current rain events subside in late May 2022.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@shngold.com.au

 

Web: www.shngold.com.au