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Sunshine Metals (ASX:SHN) has revealed its latest assay results from Liontown West – a prospect of Sunshine’s, not the lithium company – with 8.5g/t gold being the headline result.
The company recently concluded a 6-hole 1,120m campaign using an RC drill rig sniffing out both copper and gold.
The company headlined with its best result, 6m @ 8.5g/t gold, which was part of a larger core equivalent. The full results released on Wednesday show:
- 11m @ 4.9g/t gold and 0.5% copper from 73m depth, including:
- 06m @ 8.55g/t gold and 0.8% copper
- 10m @ 2.6g/t gold and 1.05% copper from 83m depth
- 11m @ 0.3g/t gold and 1.5% copper from 179m depth, including:
- 06m @ 0.45g/t gold and 1.7% copper
“These results are over a strike extent of ~1km with potential extensions to be found,” Sunshine Metals MD Dr. Damien Keys said.
The company stated on Wednesday the fresh results are along strike of recent drilling that hit gold and copper at more significant depths over 300m. To that end, resource extension diamond rig drilling continues on-site.
“Diamond [drilling] is well underway with 2 completed holes, logging up to date and samples at the lab … [and] expected to continue through August 2024,” Keys added.
“Following the Gap Zone diamond program, discovery RC programs will kick off at Highway East and Truncheon, again targeting gold and copper mineralisation.”
The company expects to release those assays for the Gap Zone extension drilling area of interest, as well as metwork results and a JORC upgrade in the December quarter.
SHN last traded at 1.1cps.
