Sunshine Metals completes successful diamond drilling at Liontown Gap Zone

Sunshine Metals Limited (ASX:SHN) has completed a diamond drilling program at the Liontown Gap Zone, part of the Ravenswood Consolidated Project. The program consisted of 6 holes totaling 2,323.4m, with results from the first 3 holes indicating increased confidence in the Resource growth potential at the Gap Zone.

Executive Commentary on Resource Growth Potential

Sunshine Managing Director, Dr Damien Keys, expressed optimism about the continuity of mineralisation within the Gap Zone, particularly highlighting the strong copper results at depth. He mentioned that the early, broad-spaced step-off drilling has provided encouraging targets for follow-up drilling. Dr Keys also mentioned the progress of gold-copper focussed metallurgical test work, which is expected to be reported in late October 2024. The drilling and metallurgical work will culminate in a Resource update/upgrade in the December 2024 quarter. He further outlined the company's plans for the next phase of drilling in early 2025, which will focus on tightening the drill spacing to better understand grade and thickness variability of the mineralisation, as well as testing a historic VTEM and geochemical anomaly on the western end of Liontown.

Summary of Sunshine Metals' Diamond Drilling Results and Future Plans

Sunshine Metals' completion of diamond drilling at the Liontown Gap Zone has provided positive results, confirming continuity of mineralisation and encouraging copper results at depth. The company's Managing Director, Dr Damien Keys, expressed confidence in the Resource growth potential at the Gap Zone and outlined plans for the next phase of drilling to better understand grade and thickness variability. The upcoming Resource update/upgrade in the December 2024 quarter is expected to incorporate results from the drilling and metallurgical work. Sunshine Metals aims to continue mapping mineral distributions to aid future targeting and has a busy period ahead, including RC drilling, metallurgical testwork results, quarterly report, remaining diamond drilling results, magnetic surveys, and the Annual General Meeting. The company's projects, including the Ravenswood Consolidated Project, demonstrate significant potential for various minerals, and Sunshine Metals remains focused on advancing its exploration and development activities.