{"id":11106,"date":"2024-06-19T01:56:13","date_gmt":"2024-06-19T01:56:13","guid":{"rendered":"https:\/\/economicherald.net\/?p=11106"},"modified":"2024-06-19T01:56:13","modified_gmt":"2024-06-19T01:56:13","slug":"sunshine-gears-up-for-resource-extension-drilling-at-liontown","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=11106","title":{"rendered":"Sunshine gears up for resource extension drilling at Liontown"},"content":{"rendered":"<p>Sunshine Metals will start resource extension drilling this month at the Liontown project<br \/>\nDrilling will target gold-copper at the Gap Zone and Liontown West<br \/>\nThe company expects results will filter into a resource update for December<\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report:<\/em> Sunshine Metals is ready for the next phase of resource extension and infill drilling at the Liontown gold-copper project.<\/strong><\/p>\n<p>Resource extension diamond drilling at the Gap Zone (7 holes, ~2,500m) will test along strike of recent drilling which returned thick, high-grade intersections including:<\/p>\n<p>16.2m at 4.54g\/t Au, 1.11% Cu from 319m, including 6.2m at 9.00g\/t Au, 2.52% Cu from 329m; and<br \/>\n16.7m at 3.73g\/t Au, 0.53% Cu from 229m, including 7.7m at 6.43g\/t Au, 0.85% Cu from 238m<\/p>\n<p>Resource infill RC drilling at Liontown West (5 holes, ~800m) is targeting resource upgrades in a gold-copper zone containing broad spaced drilling where historic drilling returned:<\/p>\n<p>5.0m at 27.9g\/t Au, 1.7% Cu from 20m;<br \/>\n5.7m at 8.0g\/t Au from 76.3m; and<br \/>\n3.0m at 13.8g\/t Au from 89m<\/p>\n<p>Notably, the Liontown West area contains the Carrington and New Queen deposits, the former of which was mined between 1905 and 1911, producing 28koz at ~22g\/t Au.<\/p>\n<p>Drilling is to commence on 28 June 2024 with results to be incorporated into a resource update in the December 2024 quarter.<\/p>\n<p>\u00a0<\/p>\n<p>Sunshine\u2019s Ravenswood Consolidated project is proximal to vital infrastructure, including road, rail, refineries and a port. Pic via SHN<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Resource update on the cards<\/strong><\/h2>\n<p>\u201cWe are looking forward to recommencing drilling in the coming week,\u201d<a href=\"https:\/\/stockhead.com.au\/company\/sunshine-metals-shn\/\"><strong> Sunshine Metals (ASX:SHN)<\/strong><\/a> managing director Dr Damien Keys said.<\/p>\n<p>\u201cRecent results from the Gap Zone demonstrate the potential for a significant gold-copper resource.\u201d<\/p>\n<p>The Liontown East footwall sampling program of 28 diamond holes has also commenced.<\/p>\n<p>\u00a0<\/p>\n<p>Previous drilling intercepts on the footwall at Liontown. Pic via SHN<\/p>\n<p>\u00a0<\/p>\n<p>\u201cOnly 25% of the gold and copper prospective footwall stratigraphy has been previously sampled,\u201d Keys explained.<\/p>\n<p>\u201cThe historically sampled portion has produced some impressive results including 7.7m at 3.45g\/t Au, 1.24% Cu.<\/p>\n<p>\u201cThese activities at the Gap Zone, Liontown East and Liontown West are expected to be included in a resource update\/upgrade in the December 2024 quarter.<\/p>\n<p>\u201cAs part of this process, it is planned to report the Au-Cu Footwall Lode portion of the current Liontown Resource in more relevant gold equivalent rather than zinc equivalent terms.\u201d<\/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>The post <a href=\"https:\/\/stockhead.com.au\/resources\/sunshine-gears-up-for-resource-extension-drilling-at-liontown\/\">Sunshine gears up for resource extension drilling at Liontown<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Sunshine Metals will start resource extension drilling this month at the Liontown project Drilling will target gold-copper at the Gap Zone and Liontown West The <a href=\"https:\/\/economicherald.net\/?p=11106\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":11107,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-11106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - 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