Sunshine gears up for resource extension drilling at Liontown

• 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 company expects results will filter into a resource update for December

Special Report: Sunshine Metals is ready for the next phase of resource extension and infill drilling at the Liontown gold-copper project.

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:

• 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
• 16.7m at 3.73g/t Au, 0.53% Cu from 229m, including 7.7m at 6.43g/t Au, 0.85% Cu from 238m

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:

• 5.0m at 27.9g/t Au, 1.7% Cu from 20m;
• 5.7m at 8.0g/t Au from 76.3m; and
• 3.0m at 13.8g/t Au from 89m

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.

Drilling is to commence on 28 June 2024 with results to be incorporated into a resource update in the December 2024 quarter.

Resource update on the cards

“We are looking forward to recommencing drilling in the coming week,” Sunshine Metals (ASX:SHN) managing director Dr Damien Keys said.

“Recent results from the Gap Zone demonstrate the potential for a significant gold-copper resource.”

The Liontown East footwall sampling program of 28 diamond holes has also commenced.

“Only 25% of the gold and copper prospective footwall stratigraphy has been previously sampled,” Keys explained.

“The historically sampled portion has produced some impressive results including 7.7m at 3.45g/t Au, 1.24% Cu.

“These 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.

“As 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.”

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.