- Sunshine Gold (SHN) begins reverse circulation (RC) drilling at the Dreghorn and Keans prospects at the Ravenswood West project in Queensland
- Work will begin at Dreghorn with drilling to follow up on geochemical and field mapping which returned up to 49.66g/t gold
- Sunshine is also waiting on soil and rock chip samples and will use the results to generate and rank new targets for upcoming drill programs
- Sunshine has ended the day 1.85 per cent in the green with shares trading at 5.5 cents
Sunshine Gold (SHN) has begun reverse circulation (RC) drilling at the Dreghorn and Keans prospects at the Ravenswood West project in Queensland.
Since acquiring the Ravenswood West project earlier in the year, Sunshine has reprocessed existing magnetic surveys, and undertaken mapping, rock chip sampling and soil sampling.
This work identified three dominant fault orientations and this upcoming drilling program will aim to determine which fault hosts mineralisation.
Work will begin at the Dreghorn prospect with around 2500 metres of RC drilling planned to follow up on geochemical and field mapping which returned up to 49.66 grams of gold per tonne (g/t).
“We are excited to be commencing drilling at Ravenswood West. Since the Ravenswood West acquisition on 24 March 2021, we have taken a systematic approach to exploration, starting in the Dreghorn area,” Managing Director Damien Keys said.
“We have collated historic shaft and soil sampling information, reprocessed existing magnetic data and conducted our own mapping and soil sampling.”
Sunshine is also waiting on soil and rock chip samples and once received, the results will be used to generate and rank new targets for upcoming drill programs.
Sunshine has ended the day 1.85 per cent in the green with shares trading at 5.5 cents in a $24.01 million market cap.