{"id":6014,"date":"2024-02-19T01:28:59","date_gmt":"2024-02-19T01:28:59","guid":{"rendered":"https:\/\/economicherald.net\/?p=6014"},"modified":"2024-02-19T01:28:59","modified_gmt":"2024-02-19T01:28:59","slug":"sunshine-metals-is-on-the-lookout-for-more-copper-gold-targets-in-northern-queensland","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=6014","title":{"rendered":"Sunshine Metals is on the lookout for more copper-gold targets in northern Queensland"},"content":{"rendered":"

Induced Polarisation (IP) surveys have begun across three copper-gold prospects at the wider Ravenswood Consolidation project
\nIP Surveys at Truncheon and Highway East represent Sunshine\u2019s first detailed activities at these highly encouraging VMS targets
\nAt Liontown, the survey aims to delineate sulphide zones deeper into the footwall than previously explored<\/p>\n

\u00a0<\/p>\n

Special Report<\/em>: Sunshine Metals is looking to geophysical surveys for another layer of supporting evidence in determining future drill targets for the Liontown, Truncheon, and Highway East prospects near Charters Towers in North Queensland. <\/strong>\u00a0<\/strong><\/p>\n

Sunshine Metals (ASX:SHN)<\/strong><\/a> has started exploration works to further boost its resource opportunities at various prospects within the broader Ravenswood Consolidated project in Queensland where it is hunting for large mineral systems.<\/p>\n

The region has produced over 20Moz gold and 14Mt of VMS ore (copper-gold, zinc-lead) from mines including Highway-Reward.<\/p>\n

After upgrading the resource at the Liontown deposit<\/a> by 21% to 2.94Mt @ 10.6% zinc equivalent earlier this month, SHN is now hoping to delineate Cu-Au rich sulphide zones deeper into the footwall than previously explored.<\/p>\n

\u00a0<\/p>\n

Ravenswood Consolidated Project with key prospects (green) and major nearby mines (yellow). Pic via SHN<\/p>\n

\u00a0<\/p>\n

Other highly encouraging VMS targets \u2013 including Truncheon and Highway East \u2013 will also be the subject of IP surveys, representing the first detailed activities at these prospects.<\/p>\n

\u00a0<\/p>\n

Refining drill-ready targets <\/strong><\/h2>\n

\u201cResults from the IP geophysical surveys will tie in with current drilling, to guide a broader 2024 drill campaign at Liontown and first pass testing at Truncheon and Highway East,\u201d SHN managing director Dr Damien Keys says.<\/p>\n

\u201cThe footwall of the 2.94Mt Liontown VMS system is likely to be copper-and gold-rich due to its proximity to the volcanic fluid source and any mineralisation should theoretically be susceptible to electrical geophysical methods, such as IP,\u201d he says.<\/p>\n

\u201cTruncheon and Highway East are located ~2.5km to the east of the 3.9mt @ 5.4% Cu, 1.1g\/t gold Highway Reward mine.<\/p>\n

\u201cThe two targets share many similarities with the Highway Reward mine including strong gravity anomalies and elevated copper, lead and zinc in soils (gold not assayed for at Highway East).<\/p>\n

\u201cAn historic IP survey at Highway East shows chargeable anomalism coincident with shallow gold workings, and the current surveys will assist with refining drill ready targets.\u201d<\/p>\n

\u00a0<\/p>\n

A gravity image showing the historic 3.9mt Highway Reward mine and key prospects Truncheon and Highway East. Pic via SHN<\/p>\n

\u00a0<\/p>\n

What\u2019s next? <\/strong><\/h2>\n

Drilling of three footwall\/feeder fault targets is complete and results are expected in late February\/early March.<\/p>\n

Results from the IP geophysical survey and the drilling will be used to inform a broader drill program at Liontown during March 2024.<\/p>\n

Further mapping and sampling will be completed at Truncheon and Highway East. The mapping and IP geophysics will be used to refine first pass drill programs at both targets.<\/p>\n

\u00a0<\/p>\n\n

\ufeff<\/span>\u00a0<\/p>\n

This article was developed in collaboration with Sunshine Metals, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n

\u00a0<\/em><\/p>\n

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n

<\/span><\/p>\n

The post Sunshine Metals is on the lookout for more copper-gold targets in northern Queensland<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Induced Polarisation (IP) surveys have begun across three copper-gold prospects at the wider Ravenswood Consolidation project IP Surveys at Truncheon and Highway East represent Sunshine\u2019s [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":6015,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nSunshine Metals is on the lookout for more copper-gold targets in northern Queensland - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=6014\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sunshine Metals is on the lookout for more copper-gold targets in northern Queensland - 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