Join our daily newsletter At The Bell to receive exclusive market insights
- Sunstone Metals (STM) reports “outstanding” assays from its Bramaderos project in Southern Ecuador
- The company’s latest findings came from outside the current resource and exploration target, with intersections including 101 metres at 4.87 g/t gold equivalent from 106 metres
- The recent results have provided “strong evidence” that the Limon target within Bramaderos is a “significant” high-grade gold-silver discovery, with mineralisation extending from surface to depth
- The high-grade intersections remain open for further drilling, which will be followed up alongside similar areas nearby
- Sunstone Metals is up 11.5 per cent and trading at 2.9 cents at 12:35 pm AEST
Sunstone Metals (STM) has reported “outstanding” assays from its Bramaderos project in Southern Ecuador.
The company’s latest findings came from outside the current resource and exploration target, with intersections including 185 metres at 2.85 grams per tonne (g/t) gold equivalent from 90 metres, including 101 metres at 4.87 g/t gold equivalent from 106 metres.
Sunstone’s reported the results provided “strong evidence” that the Limon target within Bramaderos is a “significant” high-grade gold-silver discovery, with mineralisation extending from surface to depth.
The company noted the implications of the results are that Limon has the capability to deliver high-grade systems that are likely to be structurally controlled.
“These latest results are a very significant breakthrough with big positive implications for the size, grade and development prospects at Bramaderos,” Sunstone Managing Director Malcolm Norris said.
“The drilling is delivering shallow and substantially higher grades than the existing Bramaderos mineral resource estimate and exploration target.”
The high-grade intersections remain open for further drilling, which will be followed up alongside other similar areas nearby.
STM was up 11.5 per cent and trading at 2.9 cents at 12:35 pm AEST.
