LIONTOWN DRILLING TARGETS GAP ZONE FOR GOLD-COPPER RICHES

New Drilling Phase to Explore Under-Drilled High-Grade Areas

Sunshine Metals Limited (ASX:SHN) has launched a drilling program at the Liontown prospect, focusing on the under-explored Gap Zone and extensions of the pumice breccia horizon, which could potentially extend the high-grade mineralization found in the Main Feeder Zone.

Program Highlights:

  • The new drilling phase targets the approximately 400m long Gap Zone, aiming to extend the Main Feeder Zone’s high-grade mineralization to the east.
  • Previous drilling has yielded high-grade gold and copper in the Liontown footwall adjacent to feeder fault zones. Notable intersections from the Main Feeder Zone include:
    • 17m @ 22.1 g/t gold
    • 8m @ 11.7 g/t gold & 0.9% copper
    • 8.1m @ 10.7 g/t gold
    • 2.6m @ 15.3 g/t gold & 2.3% copper
  • The planned drilling of 9 RC/diamond holes (~2,800m) will cover around 250m of the strike within the Gap Zone, focusing on the area surrounding the Gap Zone Feeder.
  • To date, minimal gold-focused drilling has been conducted in the Gap Zone footwall, with historic holes revealing:
    • 1.75m @ 16.4 g/t gold & 6.3% copper
    • 6.4m @ 3.2 g/t gold
  • Downhole electromagnetic (EM) surveys will complement the drilling, guiding future deeper exploration within the Gap Zone.
  • Assay results for the recent Liontown RC drilling (6 holes, 1,148m) completed in February 2024 are awaited.

Managing Director’s Perspective:

Dr. Damien Keys, Managing Director of Sunshine, expressed optimism about the new drilling program:

This exciting program steps east into the prospective ~400m long, under-drilled Gap Zone. This program will assess extensions to the high-grade, pumice breccia horizon that hosts intersections including 17m @ 22.1 g/t Au, 8.1m @ 10.7 g/t Au, and 8m @ 11.7 g/t Au. Even with sparse non-gold focused historic drilling, the Gap Zone has already demonstrated its likely potential.

The 1.6km gold-copper rich footwall at Liontown was last a focus when it was mined in the early 1900s. We are rapidly increasing our understanding of the footwall with every hole and are excited about this long overdue extensional program.

Sunshine Metals’ resumption of drilling at Liontown presents an opportunity to delve deeper into the potential of the historically rich footwall area, with a focus on uncovering significant gold-copper mineralization that could enhance the overall value of the project.

Read the full announcement

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