Sunshine Metals (ASX: $SHN) initiates geophysical surveys at key prospects

Sunshine Metals Limited (ASX: $SHN) has commenced geophysical surveys at the Liontown, Truncheon, and Highway East Prospects near Charters Towers in North Queensland. The surveys aim to refine copper and gold targets within the district.

Executive Commentary on Geophysical Surveys

The geophysical surveys add another layer of supporting evidence to assist with targeting these highly prospective gold and copper targets. The footwall of the 2.94mt Liontown VMS system is likely to be copper-and gold-rich due to its proximity to the volcanic fluid source. Any mineralisation should theoretically be susceptible to electrical geophysical methods, such as IP. The surveys will seek to delineate sulphide zones deeper into the footwall than previously explored. Truncheon and Highway East are located ~2.5km to the east of the 3.9mt @ 5.4% Cu, 1.1g/t Au Highway Reward Mine. The two targets share many similarities with the Highway Reward Mine including strong gravity anomalies and elevated copper, lead and zinc in soils (gold not assayed for at Highway East). An historic IP survey at Highway East shows chargeable anomalism coincident with shallow gold workings. The surveys will assist with refining drill ready targets. Results from the IP geophysical surveys will tie in with current drilling, to guide a broader 2024 drill campaign at Liontown and first pass testing at Truncheon and Highway East.

Summary of Geophysical Surveys Commencement

Sunshine Metals Limited (ASX: $SHN) has initiated geophysical surveys at the Liontown, Truncheon, and Highway East Prospects in North Queensland. The surveys aim to refine copper and gold targets within the district. The company's Managing Director, Dr Damien Keys, highlighted the significance of these surveys in targeting highly prospective gold and copper areas. The surveys will seek to delineate sulphide zones deeper into the footwall than previously explored. Additionally, the surveys at Truncheon and Highway East will assist in refining drill ready targets. Sunshine Metals has a busy period ahead, including the release of results from IP surveys and drilling at various prospects, with a broader drill program planned for 2024 at Liontown and first pass testing at Truncheon and Highway East. The Charters Towers area has a rich history of minerals production, and the company aims to leverage modern exploration techniques to define targets and explore specifically for gold mineralisation.