Join our daily newsletter At The Bell to receive exclusive market insights
- Sunshine Gold (SHN) extends the scale of the Keans prospect within its Ravenswood West project in north Queensland
- The company confirmed the large-scale system potential of the prospect after mapping high-grade copper-molybdenum-silver to an area southwest of previous drilling
- Rock chip samples from the program included 7.5 per cent copper, 0.13 per cent molybdenum, 12.3 grams per tonne (g/t) silver and 0.14 g/t gold
- Sunshine says these drill results will be incorporated into a regional geological model and used for drill-hole targeting
- Sunshine Gold is up 2.94 per cent, trading at 1.8 cents at 1:52 pm AEDT
Sunshine Gold (SHN) has extended the scale of the Keans prospect within its Ravenswood West project in north Queensland.
The company confirmed the large-scale system potential of the prospect after mapping high-grade copper-molybdenum-silver to the southwest of 15 reverse circulation holes which were previously drilled in 2021.
The drilling intersected discrete veins with chlorite–sericite alteration haloes, which the company reported revealed veins containing “abundant” sulphide.
Rock chip samples from the drilling included 7.5 per cent copper, 0.13 per cent molybdenum, 12.3 grams per tonne (g/t) silver and 0.14 g/t gold.
Further results included 5.6 per cent copper, 0.24 per cent molybdenum 106 g/t silver, 0.62 per cent lead and 0.12 per cent antimony.
“Interestingly, one sample also returned anomalous lead and antimony with high-grade silver, which are all pathfinders to gold in the district,” Sunshine Gold Managing Director Damien Keys said.
These drill results will be incorporated into a regional geological model and used for drill-hole targeting.
Drilling at Keans will be incorporated into a broader program, which has been planned at various prospects across Ravenswood West during 2023.
Sunshine Gold shares were up 2.94 per cent and trading at 1.8 cents at 1:52 pm AEDT.
