{"id":10137,"date":"2024-05-27T02:04:44","date_gmt":"2024-05-27T02:04:44","guid":{"rendered":"https:\/\/economicherald.net\/?p=10137"},"modified":"2024-05-27T02:04:44","modified_gmt":"2024-05-27T02:04:44","slug":"sunshine-metals-drilling-identifies-new-copper-rich-lode-at-its-liontown-project","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=10137","title":{"rendered":"Sunshine Metals drilling identifies new copper-rich lode at its Liontown project"},"content":{"rendered":"<p>Sunshine Metals drilling identifies copper-rich lode at the Liontown project in Queensland<br \/>\nNew Sapindinus Lode is ~35m north of and runs parallel to the Liontown Footwall Lode<br \/>\nDrilling returned 8m at 2.73% copper, 0.69g\/t gold, 1.55% zinc and 24g\/t silver from 38m<br \/>\nShallow gold and copper intersected at the Liontown Footwall Lode<\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report:<\/em> Shallow holes drilled by Sunshine Metals to test for extensions to the gold-rich Liontown Footwall Lode have unearthed a new copper-rich lode adjacent to four historical shafts.<\/strong><\/p>\n<p>The new Sapindinus Lode is ~35m north of and runs parallel to the Liontown Footwall Lode and can be traced in wide-spaced historical drilling over ~200m of strike, open in all directions.<\/p>\n<p>It is not included in the current resource of 5.45Mt at 12% zinc equivalent, which includes a higher confidence indicated resource of 1.85Mt at 10.9% zinc equivalent.<\/p>\n<p>\u00a0<\/p>\n<p>The Ravenswood Consolidated project. Pic: Sunshine Metals<\/p>\n<p>\u00a0<\/p>\n<p>The Liontown polymetallic project near Charters Towers is part of <a href=\"https:\/\/stockhead.com.au\/company\/sunshine-metals-shn\/\"><strong>Sunshine Metals\u2019 (ASX:SHN)<\/strong><\/a> broader Ravenswood Consolidated project in a Queensland district that has produced over 20Moz gold and 14Mt of volcanogenic massive sulphide (VMS) ore (copper-gold, zinc-lead).<\/p>\n<p>Recent drilling carried out by the company has focused on the high-grade copper-gold present at the project.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>New copper lode<\/strong><\/h2>\n<p>The company\u2019s most recent nine-hole, shallow reverse circulation program identified Sapindinus after returning hits such as 8m grading 2.73% copper, 0.69g\/t gold, 1.55% zinc and 24g\/t silver from 38m including 3m at 6.96% copper, 0.61g\/t gold, 3.95% zinc, 3.77% lead and 60g\/t silver from 38m.<\/p>\n<p>This follows on historical drill results such as 5.6m at 2.06% copper, 7.45g\/t gold and 2.99% zinc from 99.7m and 2m at 6.57% copper and 2.45g\/t gold from 58m.<\/p>\n<p>\u00a0<\/p>\n<p>The copper-rich Sapindinus Lode (in green) runs parallel to the Liontown Footwall Lode (red). Pic: Sunshine Metals<\/p>\n<p>\u00a0<\/p>\n<p>Drilling also intersected shallow gold and copper in the Liontown Footwall Lode, returning assays such as 9m at 1.52% copper and 0.48g\/t gold from 38m and 2m at 1.93g\/t gold from 13m.<\/p>\n<p>Separately, a further shallow RC program of four holes to test a previously unrecognised change in lode orientation at the western end of the historical Carrington Lode returned assays such as 2m at 6.81g\/t gold.<\/p>\n<p>\u201cThe recent RC program has successfully identified a new copper lode, deeper into the footwall of the Liontown resource,\u201d managing director Dr Damien Keys said.<\/p>\n<p>\u201cThe Sapindinus Lode has now been intersected by 10 drill holes, historic and current, and extends over ~200m of strike. Sapindinus is open in all directions and is not incorporated into the current Liontown resource.<\/p>\n<p>\u201cImportantly, the program also extended the gold-rich Liontown Footwall Lode to surface and increased the dimensions of the gold-rich zone to &gt;300m by 140m.<\/p>\n<p>\u201cThe program also confirmed a change in orientation to the western end of the gold-rich Carrington Lode with 2m at 6.58g\/t Au (24LTRC023) and provides a target for follow up drilling and Resource extension.\u201d<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Other drilling<\/strong><\/h2>\n<p>SHN currently expects to receive in early June, assays from a three-hole diamond drill program totalling 1,091.43m which targeted high-grade extensions of the gold-rich Footwall Lode into the ~400m long Gap Zone.<\/p>\n<p>Previous drilling has confirmed high-grade gold \u2013 <a href=\"https:\/\/stockhead.com.au\/resources\/17m-22-1g-t-gold-sunshines-thick-hit-confirms-liontown-feeder-zone\/\"><strong>including a 17m at 22.1g\/t gold intersection<\/strong><\/a> \u2013 in the 1.6km long Liontown Footwall Lode proximal to interpreted feeder fault zones.<\/p>\n<p>Sunshine Metals has also started down-hole electromagnetic work to refine copper-gold rich drill targets.<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Sunshine Metals, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n<p><em>\u00a0<\/em><\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/sunshine-metals-drilling-identifies-new-copper-rich-lode-at-its-liontown-project\/\">Sunshine Metals drilling identifies new copper-rich lode at its Liontown project<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Sunshine Metals drilling identifies copper-rich lode at the Liontown project in Queensland New Sapindinus Lode is ~35m north of and runs parallel to the Liontown <a href=\"https:\/\/economicherald.net\/?p=10137\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":10138,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-10137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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