- Sunshine Gold (SHN) receives results for four holes from a recent 15-hole drilling program at the Keans prospect in Queensland
- Drilling assessed the prospectivity of vein sets near the Buck Reef Fault and other geophysical targets
- Sunshine Gold says the results confirm significant mineralisation along the 15-kilometre-long corridor at the Ravenswood West project
- Assays for the other 11 holes are expected in December
- Company shares are trading steady at 4.2 cents
Sunshine Gold (SHN) has received the first batch of results from drilling at the Keans prospect.
The Keans prospect is one of at least eight prospects along the 15-kilometre-long copper-gold-silver-molybdenum corridor at the Ravenswood West project in Queensland.
Last month, Sunshine completed a 15-hole drilling program to test outcropping quartz–sulphide veins and geophysical targets. Specifically, the reconnaissance program assessed the prospectivity of both north-south and east-west oriented vein sets and assess veins in the south of Keans that may be associated with the regionally significant Buck Reef Fault.
Results include 12 metres at 1.43 per cent copper, 33.07g/t silver, 0.03 per cent molybdenum from 81 metres including three metres at 4.11 per cent copper, 120.27g/t silver, 0.07 per cent molybdenum from 89 metres, and two metres at 1.03 per cent copper, 6.02g/t gold, 12.59g/t silver and 0.2 per cent molybdenum.
Managing Director Damien Keyes said the results confirm significant mineralisation at Keans.
“We are particularly pleased to see high-grade intervals of gold, copper and molybdenum at Keans.,” he said. “Our understanding of the mineral system improves with every assay batch returned. We now have first geochemical drill data on two out of eight, large-scale copper-gold-silver-molybdenum targets along the prospective 15-kilometre corridor.”
Today’s results come from four holes, with assays from the other 11 holes expected in December.
Company shares were trading steady at 4.4 cents at 3:40 pm AEDT.