Sunshine Metals Limited (ASX:SHN) Reports Encouraging Gold and Zinc Intersections at Truncheon
Drilling Results
Sunshine Metals Limited (ASX: SHN) has reported promising preliminary reverse circulation (RC) drilling results from the Truncheon prospect. The drilling demonstrated significant intersections, including 6m at 0.52g/t Au and broad zinc intercepts consistent with previous findings from the Highway-Reward Mine.
Particularly notable results from hole 24TRRC003 revealed gold and elevated copper, with assays indicating 1m at 1.10% Cu and 3.05% Zn at a depth of 153m. Additional zinc intersections included 59m at 0.56% Zn and 18m at 1.12% Zn, further suggesting the geological potential of the Truncheon area.
Exploration Rationale
The company stated that the findings are encouraging as they replicate geological features identifiable at the neighbouring Highway-Reward Mine, which previously produced substantial resources.
Sunshine’s Managing Director, Dr Damien Keys, emphasised the significance of these results, stating, “The gold mineralisation intersected at Truncheon is highly encouraging as it validates the exploration model and vectors toward a potential Highway-Reward style mineral system.”
Future Plans
The company will initiate electromagnetic (EM) surveys in early 2025 to further delineate the potential position of a Highway-Reward style massive sulphide body at both Truncheon and Highway East. This strategy aims to distinguish valuable mineralisation types effectively.
In addition, Sunshine remains committed to an active exploration agenda, with forthcoming activities planned, including continued drilling and geophysical surveys at other projects within the Ravenswood Consolidated Project area.
Motley Fool contributor Lauren Surplice has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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