Sunshine Metals Drills Liontown Gap Zone Resource Growth Potential
THE DRILL SERGEANT: Sunshine Metals (ASX: SHN) reported on three of six diamond holes recently completed at the Liontown Gap Zone, part of the copany’s Ravenswood Consolidated Project in Queensland.
Sunshine Metals said the results received for the first three holes increased the company’s confidence in the Resource growth potential at the Gap Zone.
Results include:
24LTDD033
6 metres at 2.01 per cent copper, 0.29 grams per tonne gold, 1.72 per cent zinc, 0.7 per cent lead from 343m, including 2.2m at 4.48 per cent copper, 0.45g/t gold, 2.98 per cent zinc, 1.8 per cent lead from 343.8m
1m at 1.34 per cent copper, 18.95g/t gold from 360m
3m at 0.45 per cent copper, 0.2g/t gold, 5.06 per cent zinc, 1.5 per cent lead; and
24LTDD032
1.1m at 0.34 per cent copper, 0.26g/t gold, 7.12 per cent zinc, 3.22 per cent lead from 260.1m.
Sunshine indicated that assays are expected in early November 2024 for the remaining three holes.
“We are encouraged by the continuity of mineralisation in predictable locations within the Gap Zone, from what is early, broad-spaced step-off drilling,” Sunshine Metals managing director Dr Damien Keys said in the company’s ASX announcement.
“In particular, the strong copper results at depth are highly encouraging that our model for the formation of Liontown is stacking up and providing additional targets for follow up drilling.
“Gold-copper focussed metallurgical test work is also progressing well and will be reported in late October 2024.
“The drilling and metallurgical work will culminate in a Resource update/upgrade in the December 2024 quarter.
“The Gap Zone remains lightly drilled with only eight Sunshine holes to date and the next phase of drilling in early 2025 will focus on tightening the drill spacing to better understand grade and thickness variability of the mineralisation.
“Further drilling will test a historic VTEM and geochemical anomaly on the western end of Liontown.”
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