Mining
Sunstone Metals (ASX:STM) is an ASX listed mineral exploration company discovering gold and copper in large porphyry deposits in Ecuador.
Sunstone currently has 2 main projects, the Bramaderos Gold-Copper Project in southern Ecuador and the El Palmar Gold-Copper Project in northern Ecuador.
The Bramaderos project is an incorporated joint venture between Sunstone and TSX:V listed Cornerstone Capital Resources (TSX.V:CGP). Sunstone owns 87.5% of La Plata Minerales (‘PLAMIN’) which holds the Bramaderos concession, and loan carries Cornerstone through to production.
The Bramaderos project comprises multiple porphyry gold-copper targets of which the Brama-Alba discovery is the most advanced with an expected inaugural Mineral Resource Estimate to be delivered in late 2022.
The El Palmar project is the subject of a Staged Acquisition Agreement with Ecuadorian company Golden Exploration Ecuador (‘GOEX’). Sunstone owns 70% of GOEX and can acquire 100%. Sunstone discovered significant gold-copper mineralisation at El Palmar in late 2021 and is continuing to drill and expand the discovery.
The team at Sunstone has a track record of discovery having been involved in significant discoveries of porphyry and epithermal copper-gold mineralisation at Tujuh Bukit in Indonesia and Cascabel in Ecuador and is preparing to repeat that success at Bramaderos and El Palmar.
KEY PEOPLE
RELATED STOCKHEAD STORIES
Mining
These 50 small cap miners and explorers made history in 2021
Mining
Metal of the future? 2021’s copper price peaks may just be the start
Mining
Resources Top 5: A porphyry hunter joins the 10-bagger club for 2021, Marvel shareholders enjoy a spinoff windfall
News
Closing Bell: ASX snaps 2-day losing streak, a healthcare IPO slumps 40%
News
ASX Small Cap Lunch Wrap: Who’s living the high life today?
Mining
Resources Top 5: This copper-gold stock is +375% after unearthing two discoveries in 2 months
News
10 at 10: These ASX stocks are attracting the most intrigue this morning
News
Weekly ASX Small Cap Wrap: ASX takes direction from Wall Street gains
News
Closing Bell: Tech stocks lead the way as ASX snaps two-day losing streak
News
ASX Small Cap Lunch Wrap: Who’s looking for a trillion today?
Mining
Resources Top 5: Porphyry discoveries and a spurned takeover bid
News
10 at 10: These ASX stocks are moving greater than the rest this morning
News
ASX Small Cap Lunch Wrap: Who’s basking in the warm glow of $1 trillion today?
Mining
Resources Top 5 (ish): Supercharged lithium stocks and an enormous copper porphyry discovery
News
10 at 10: These ASX stocks are getting the strongest reception this morning
News
Closing Bell: ASX closes Wednesday 0.38% higher but short of all time high
Mining