- Sunstone Metals (STM) reports “exceptional” drilling results from the Limon target within its Bramaderos project in Southern Ecuador
- The company’s drilling program uncovered a new gold-silver system from surface outside the current mineral resource estimate, with highlights including 176.7 metres at 1.1 grams per tonne (g/t) gold equivalent from 6.8 metres
- Sunstone says the discovery reinforces the concept of multiple mineral deposits within the 50-square-kilometre Bramaderos concession
- The area remains open and will be further tested in the coming months
- Sunstone Metals is down 2.78 per cent, trading at 3.5 cents at 1:52 pm AEDT
Sunstone Metals (STM) has reported “exceptional” drilling results from the Limon target within its Bramaderos project in Southern Ecuador.
The company’s drilling program uncovered a new gold-silver system from surface outside the current mineral resource estimate.
Highlights from the drilling included 176.7 metres at 1.1 grams per tonne (g/t) gold equivalent from 6.8 metres.
Additional hits included 26 metres at 2.3 g/t gold equivalent from 157.5 metres.
Sunstone told investors these were “very significant” results that could “materially change” the Bramaderos project.
“This is a phenomenal result which could have a substantial impact on the total resource, the overall grade and the upfront development options at Bramaderos,” Sunstone Managing Director Malcolm Norris said.
“The widths of gold and silver from surface, the high grades and the visible gold show that this is an exceptional mineralised system.”
Sunstone said the discovery reinforced the concept of multiple mineral deposits within the 50-square-kilometre Bramaderos concession, and highlighted the potential for “significant growth” of mineral resources at higher grades.
“The shallow and higher grades allow us to contemplate development options that may include higher grade starter pits and support our view that Bramaderos has every potential to be a 10 million ounce district with multiple deposits within four kilometres of one another,” Mr Norris said.
The area remains open and will be further tested in the coming months.
Sunstone Metals shares are down 2.78 per cent and trading at 3.5 cents at 1:52 pm AEDT.