Sunstone Metals Ltd announces significant gold-silver target at El Palmar project

Sunstone Metals Ltd (ASX: $STM) has announced the identification of a substantial high-grade gold-silver target at its El Palmar project in northern Ecuador. The surface sampling has revealed an extensive epithermal gold-silver opportunity covering a large area of at least 600m by 400m, along the structural strike from the T1 porphyry deposit at El Palmar.

Executive Commentary on El Palmar Project

This is a highly promising result with immense upside. These results demonstrate high grades and significant scale. We will now move quickly to prepare it for drilling in the new year.

Summary of Sunstone Metals' El Palmar Project Announcement

Sunstone Metals Ltd (ASX: $STM) has unveiled the identification of a large high-grade gold-silver target at its El Palmar project in northern Ecuador. The surface sampling has revealed an extensive epithermal gold-silver opportunity covering a large area, with significant potential. The target is along strike from the T1 porphyry deposit, showing geological parallels with Sunstone's Limon gold-silver epithermal discovery at Bramaderos in southern Ecuador. Sunstone is commencing exploration at the Verde Chico project to identify extensions to the previously identified high-grade gold epithermal veins. The company holds 3,671 ha of highly prospective terrain covering both porphyry gold-copper and epithermal gold targets across the El Palmar and Verde Chico concessions. Sunstone's Managing Director, Malcolm Norris, expressed optimism about the results and emphasized the intention to expedite preparations for drilling in the new year. The company's activities at the Bramaderos project in southern Ecuador are also defining new drill targets for testing in 2024, indicating a proactive approach towards exploration and development. Sunstone's ambitions and goals are evident in its strategic focus on identifying and developing significant mineral deposits, as reflected in its exploration activities and the identification of high-grade targets.