Sunshine Metals Intersects High-Grade Gold And Copper At Ravenswood

Sunshine Metals Ltd (ASX: SHN) has intersected thick, high-grade gold and copper at its Ravenswood Consolidated Project in Queensland.

The intersections at the Liontown Gap Zone, which is 250 metres east of the Liontown resource, extend ~200 metres vertically.

Results include:

  • 16.2 metres at 4.54g/t gold, 1.11% copper from 319 metres; and
  • 16.7 metres at 3.73g/t gold, 0.53% copper from 229 metres.

Resource growth potential

Sunshine Managing Director Dr Damien Keys said: “Liontown continues to deliver exceptional results.

 “These thick, high-grade intersections demonstrate the resource growth potential of the poorly drilled ~400m long Gap Zone, between the Liontown and Liontown East Resources.”

Review of historic drilling

Further diamond drilling to extend these gold-copper intersections in the Gap Zone is planned to recommence in June 2024.

Meanwhile, the review of historical drilling at Liontown East shows the footwall position is poorly sampled, particularly for gold.

The historical core has been located and will be cut and sampled throughout 2024.

What’s next?

The company has a busy period ahead including the following key activities and milestones:

  • June 2024: RC drilling commences, Highway East;
  • June 2024: Drilling recommences, Liontown Gap Zone;
  • June 2024: Fieldwork update, Keystone & Truncheon; and
  • July-August 2024: Drilling results, Highway East.

Sunshine had a cash balance of ~A$4 million as on 31 March 2024.

  

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