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Sunshine Metals (ASX: $SHN) mobilises second rig for accelerated drilling at Liontown

Sunshine Metals (ASX: $SHN) accelerates drilling with second rig at Liontown


Sunshine Metals Limited (ASX: $SHN) has announced the mobilization of a second drill rig to expedite drilling activities at Liontown, Ravenswood Consolidated Project. The program aims to test shallow oxide extensions to high-grade gold mineralization delineated in the footwall of the Liontown Resource.

Executive Commentary on Drilling Activities at Liontown


Sunshine Managing Director, Dr Damien Keys, stated, 'The mobilization of a second drill rig marks a significant step in our efforts to extend the high-grade gold zone and test shallow oxide extensions at Liontown. The program aims to bring dimensions of the gold-rich zone to approximately 300m X 140m, potentially reaching a potential oxide zone at the surface. We are also looking forward to the assay results expected in April and May 2024.'

Summary of Sunshine Metals' Drilling Acceleration at Liontown


Sunshine Metals (ASX: $SHN) has accelerated drilling activities at Liontown by mobilizing a second drill rig to test shallow oxide extensions to high-grade gold mineralization. The company aims to extend the gold-rich zone to a potential oxide zone at the surface, potentially reaching dimensions of approximately 300m X 140m. Additionally, the ongoing diamond drilling program targets extensions of high-grade gold and copper mineralization around the interpreted Gap Zone Feeder. The company has a busy period ahead with various key activities and milestones planned, including diamond drilling, geophysical survey results, and field work. Sunshine Metals continues to focus on its Ravenswood Consolidated Project and other significant projects with big system potential.

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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