{"id":10496,"date":"2024-06-04T01:07:41","date_gmt":"2024-06-04T01:07:41","guid":{"rendered":"https:\/\/economicherald.net\/?p=10496"},"modified":"2024-06-04T01:07:41","modified_gmt":"2024-06-04T01:07:41","slug":"sunshine-metals-hits-thick-high-grade-gold-and-copper-in-the-liontown-gap-zone","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=10496","title":{"rendered":"Sunshine Metals hits thick, high-grade gold and copper in the Liontown Gap Zone"},"content":{"rendered":"<p>Sunshine Metals intersects high grade gold and copper in the Liontown Gap Zone<br \/>\nDrill results of up to 6.2m at 9g\/t gold and 2.52% copper highlight potential to grow resources<br \/>\nMore diamond drilling to extend newest intersections will begin later this month<\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report:<\/em> Sunshine Metals is well on the road towards a bigger resource at its Liontown project in Queensland after drilling returned high-grade gold and copper in the under drilled Liontown Gap Zone.<\/strong><\/p>\n<p>Diamond holes drilled in the 400m Gap Zone between the Liontown and Liontown East deposits, which have resources totalling 4.4Mt at 10.7% zinc equivalent, returned assays such as:<\/p>\n<p>16.2m grading 4.54g\/t gold and 1.11% copper from 319m including 6.2m at 9g\/t gold and 2.52% copper from 329m (24LTDD024); and<br \/>\n16.7m at 3.73g\/t gold and 0.53% copper from 229m including 7.7m at 6.43g\/t gold and 0.85% copper from 238m (24LTDD011)<\/p>\n<p>The Liontown polymetallic project near Charters Towers is part of\u00a0<a href=\"https:\/\/stockhead.com.au\/company\/sunshine-metals-shn\/\"><strong>Sunshine Metals\u2019 (ASX:SHN)<\/strong><\/a>\u00a0broader 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>The unmined and under drilled Liontown Gap Zone is one of the priority targets given its potential to link the Liontown and Liontown East areas, which will likely deliver a significant uplift in resources and potentially simplify future mining logistics.<\/p>\n<p>\u00a0<\/p>\n<p>Long section of the gold-copper rich footwall horizon extending from the historical Carrington mine to the Liontown East resource. Pic: Sunshine Metals<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Gold-copper growth potential<\/strong><\/h2>\n<p>SHN\u2019s three-hole diamond drilling program targeted high-grade extensions of the <a href=\"https:\/\/stockhead.com.au\/resources\/sunshine-metals-delivers-sizzling-18-21g-t-hit-as-gold-rich-footwall-at-liontown-extends-to-260m\/\"><strong>gold-rich Liontown Footwall Lode<\/strong><\/a> into the Liontown Gap Zone.<\/p>\n<p>The step-out holes were drilled ~250m east of the Liontown resources and are spaced ~100m vertically apart and ~90m above a historical intersection of 7.6m at 3.91g\/t gold and 1.82% copper from 416.9m.<\/p>\n<p>Besides returning high-grade gold and copper intersections, the holes also confirmed previous observations that the mineralisation becomes more copper-rich at depth and that the sulphides in the high-grade footwall zones are dominated by chalcopyrite and pyrite.<\/p>\n<p>Managing director Dr Damien Keys said the thick, high-grade intersections demonstrate the resource growth potential present within the Liontown Gap Zone.<\/p>\n<p>\u201cThe Gap Zone intersections are interpreted to be an extension of the Liontown Footwall Lode where recent drilling intersected 20m at 18.2g\/t gold (from 107m, 24LTRC005) and 17m at 22.14g\/t gold (from 67m, 23LTRC002),\u201d he added.<\/p>\n<p>\u201cThe 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.<\/p>\n<p>\u201cGold 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.\u201d<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Further activity<\/strong><\/h2>\n<p>Besides analysing historical core from the Liontown East footwall, SHN also plans to carry out further diamond drilling to extend the copper-gold intersections in the Gap Zone later this month.<\/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-hits-thick-high-grade-gold-and-copper-in-the-liontown-gap-zone\/\">Sunshine Metals hits thick, high-grade gold and copper in the Liontown Gap Zone<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Sunshine Metals intersects high grade gold and copper in the Liontown Gap Zone Drill results of up to 6.2m at 9g\/t gold and 2.52% copper <a href=\"https:\/\/economicherald.net\/?p=10496\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":10497,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-10496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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