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- Sunstone Metals (STM) hits broad zones of gold-copper mineralisation at its Bramaderos project in southern Ecuador ahead of a maiden mineral resource estimate
- Drilling at the Alba and Brama porphyry systems returned 49.4 metres at 0.6 grams per tonne (g/t) gold equivalent and 115 metres at 0.66 g/t gold equivalent
- The results come as drilling for the initial mineral resource estimate wraps up, though the mineralisation remains open in several areas beyond the resource boundary
- The MRE is expected in December, and at the same time, STM will estimate an exploration target to guide further drilling to increase the resource base of the Brama-Alba system
- Shares in Sunstone Metals are down 3.1 per cent and trading at 3.1 cents at 2:46 pm AEDT
Sunstone Metals (STM) has hit broad zones of gold-copper mineralisation at its Bramaderos project in southern Ecuador ahead of a maiden mineral resource estimate.
Drilling at the Alba and Brama porphyry systems hit broad mineralised zones including 49.4 metres at 0.6 grams per tonne (g/t) gold equivalent and 115 metres at 0.66 g/t gold equivalent.
The results come as drilling for the initial mineral resource estimate wraps up, though the mineralisation remains open in several areas beyond the resource boundary.
The MRE is expected in December, and STM plans to estimate an exploration target to guide further drilling to increase the resource base of the Brama-Alba system in the new year.
Sunstone has also begun exploration drilling at the nearby Melonal, Sandia and Limon porphyry targets, which has already returned visible copper mineralisation.
The first drill hole completed at Melonal reportedly showed alteration and mineralisation consistent with Brama porphyry-type systems.
Meanwhile, over at the company’s El Palmar project, new targets have been defined for the drilling work underway.
Shares in Sunstone Metals were down 3.1 per cent and trading at 3.1 cents at 2:46 pm AEDT.
