Sunshine Metals (ASX: $SHN) announces preparations for resource extension and infill drilling at Liontown

Sunshine Metals Limited (ASX: $SHN) has completed preparations for the next phase of resource extension and infill drilling at Liontown. The drilling, set to commence on 28 June 2024, will focus on targeting gold-copper in the Gap Zone and at Liontown West. The company aims to test along strike of recent drilling that returned thick, high-grade intersections in the Gap Zone and to target resource upgrades in a gold-copper zone at Liontown West.

Executive Commentary on Resource Extension and Infill Drilling

Sunshine Managing Director, Dr Damien Keys, expressed the company's anticipation for the upcoming drilling, citing recent results from the Gap Zone as demonstrating the potential for a significant gold-copper resource. Dr Keys also highlighted the commencement of the Liontown East footwall sampling program, emphasizing the under-sampled nature of the gold-copper prospective footwall stratigraphy. He further mentioned that the activities at the Gap Zone, Liontown East, and Liontown West are expected to be included in a resource update/upgrade in the December 2024 quarter. Additionally, Dr Keys outlined the company's plan to report the Au-Cu Footwall Lode portion of the current Liontown Resource in more relevant gold equivalent terms rather than zinc equivalent terms as part of the resource update process.

Summary of Sunshine Metals' Resource Extension and Infill Drilling Announcement

Sunshine Metals (ASX: $SHN) has completed preparations for significant resource extension and infill drilling programs at Liontown, targeting gold-copper in the Gap Zone and at Liontown West. The company aims to incorporate the results from the upcoming drilling into a resource update in the December 2024 quarter. Dr Damien Keys, Sunshine's Managing Director, highlighted the potential for a significant gold-copper resource based on recent results from the Gap Zone and emphasized the under-sampled nature of the gold-copper prospective footwall stratigraphy at Liontown East. The company's busy period ahead includes extension drilling at the Gap Zone and infill drilling at Liontown West, with various milestones and activities planned through August 2024. Sunshine Metals' Ravenswood Consolidated Project, where the drilling will take place, is located near infrastructure and the mining hub of Charters Towers in Queensland. The company's projects demonstrate significant potential in various minerals, including zinc, copper, gold, silver, and molybdenum, with ongoing exploration and development efforts across multiple sites.