17m @ 22.1g/t gold: Sunshine’s thick hit confirms Liontown feeder zone
Special Report: Sunshine Metals has intersected multiple high-grade gold zones in drilling of the Liontown prospect, which it interprets to be feeder zones to the overlying 2.3Mt zinc-gold-copper volcanogenic massive sulphide (VMS) resource.
The explorer is hunting for large mineral systems in a district which has produced over 20Moz gold and 14Mt of VMS ore (copper-gold, zinc-lead).
VMS deposits are commonly associated with high grades of copper, zinc, lead, gold and silver – and importantly, often form in clusters.
Historic mining of gold-copper lodes, together with high-grade results (like 5m at 13.56 g/t gold and 8m at 4.24 g/t gold) indicated the potential for gold mineralisation not associated with base metals in massive sulphides.
Notwithstanding this potential, gold has not previously been a prime focus for past explorers, but Sunshine Metals (ASX:SHN) saw an opportunity to use fresh thinking and modern techniques to tap into the gold.
Now, the company has intersected 17m at 22.1g/t gold during a high-impact, shallow RC program targeting the gold-copper rich footwall and feeder zones to the Liontown resource – validating its ‘Main Feeder’ zone concept.
The 12 RC holes also returned intersections of:
Importantly, the new geological model has also identified two further potential feeder zones near the historic Carrington Main Shaft and in the under drilled Gap Zone.
“The identification of the likely feeder zone has given us confidence in our novel approach,” Sunshine managing director Dr Damien Keys said.
“It also suggests that there are possibly two further feeder zones that are poorly drill tested.
“One coincides with the historic Carrington gold workings and the second is potentially located in the under drilled Gap Zone between Liontown and Liontown East.
“The find presents a new opportunity to rapidly grow the gold and copper inventories at the Liontown Resource and validates a means of hunting these feeder zones at other VMS prospects nearby including Waterloo and Orient.”
A new geological model for Liontown has been developed which has already identified three potential feeder zones:
“We have also completed a shallow diamond hole into the feeder target, ~30m west of the intercept in 23LTRC002,” Dr Keys said.
“The diamond hole will yield critical structural orientation data, which will be used to target the feeder to the north of the current Liontown resource.”
A further 10 RC holes have been drilled at Liontown testing feeder and footwall lodes, interpreted to be the copper-gold rich parts of the VMS system, with assays expected in December 2023.
A resource update is also due in December 2023 and will incorporate these exceptional gold results.
Further drilling is planned for early 2024 to assess the potential Gap Zone gold rich feeder target.
This article was developed in collaboration with Sunshine Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.