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Sunshine Metals (ASX: $SHN) intersects high-grade gold-copper in Liontown Gap Zone

Sunshine Metals intersects high-grade gold-copper in Liontown Gap Zone


Sunshine Metals Limited (ASX: $SHN) has reported significant results from its step out diamond drill holes at the Liontown Gap Zone, with intersections of thick, high-grade gold and copper mineralisation. The drilling, located approximately 250m east of the Liontown Resource, has extended approximately 200m vertically. The company's Managing Director, Dr Damien Keys, expressed optimism about the Resource growth potential of the Gap Zone, emphasizing the significance of the under-drilled area between the Liontown and Liontown East Resources.

Executive Commentary on Liontown Gap Zone Results


Dr Damien Keys, Managing Director of Sunshine Metals, commented, 'Liontown continues to deliver exceptional results. These thick, high-grade intersections demonstrate the Resource growth potential of the poorly drilled ~400m long Gap Zone, between the Liontown and Liontown East Resources. The Gap Zone intersections are interpreted to be an extension of the Liontown Footwall Lode, presenting a significant opportunity for previously unrecognised gold mineralisation in historic drilling at Liontown East. The next phase of diamond drilling at the Gap Zone will commence in June 2024.'

Summary of Sunshine Metals' Announcement


Sunshine Metals' recent drilling at the Liontown Gap Zone has yielded significant intersections of high-grade gold and copper mineralisation, extending approximately 200m vertically from the Liontown Resource. The company's Managing Director, Dr Damien Keys, highlighted the potential for Resource growth in the under-drilled Gap Zone, emphasizing the opportunity for previously unrecognised gold mineralisation in historic drilling at Liontown East. The next phase of diamond drilling at the Gap Zone is scheduled to commence in June 2024. Sunshine Metals' Board has authorized the release of this announcement to the market, and the company has a busy period ahead with key activities and milestones planned, including RC drilling commencement at Highway East, drilling recommencement at Liontown Gap Zone, fieldwork update at Keystone & Truncheon, drilling results at Highway East, and participation in industry events such as the AMEC Presentation in Noosa and the Australian Gold Conference in Sydney.

SUNSHINE METALS LIMITED
SHN | ASX | Materials
0.01350.0005(+3.85%)
At close 05/07 (AEDT)
Market cap
$20.6M
Volume
610,000
DY Yield
0
PE Ratio
0
52 Week Range
0.009 - 0.039
1YR Return
50%

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