STEP OUT HOLES HIT THICK, HIGH-GRADE GOLD-COPPER AT LIONTOWN

Sunshine Metals Extends High-Grade Intersections at Liontown Gap Zone

Sunshine Metals Limited (ASX: SHN) has intersected thick, high-grade gold and copper in broad step out drilling at Liontown, Ravenswood Consolidated Project (100%). The intersections are 250m east of the Liontown Resource and extend ~200m vertically.

Highlights from the drilling include:

  • 16.2m @ 4.54g/t Au, 1.11% Cu (from 319m, 24LTDD024), including 6.2m @ 9.00g/t Au, 2.52% Cu (from 329m, 24LTDD024)
  • 16.7m @ 3.73g/t Au, 0.53% Cu (from 229m, 24LTDD011), including 7.7m @ 6.43g/t Au, 0.85% Cu (from 238m, 24LTDD011)
  • 7.6m @ 3.91g/t Au, 1.82% Cu (from 416.9m, LTDD18012), including 1.75m @ 16.40g/t Au, 6.27% Cu (from 419.05m, LTDD18012)

Sunshine Managing Director, Dr Damien Keys, 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 where recent drilling intersected 20m @ 18.2g/t Au (from 107m, 24LTRC005) and 17m @ 22.14g/t Au (from 67m, 23LTRC002). The broader footwall lode system (incorporating Carrington, Au FW Gold Zone, Gap and Liontown East) now extends for ~1.6km and over a vertical distance of ~350m.

Gold mineralisation in the footwall, despite being consistent, is not always easily identified in drill core. This presents a significant opportunity for previously unrecognised gold mineralisation in historic drilling at Liontown East, where only ~25% of the footwall was sampled. The unsampled core will be analysed throughout 2024.

The next phase of diamond drilling at the Gap Zone will commence in June 2024.

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