| Announcement Date: | 2021-11-25 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Sunstone Metals Ltd. |
| Project name: | El Palmar |
| Location: | Ecuador |
| Commodities: | Gold,Silver,Copper,Molybdenum |
| Highlight: | Drilling results incl. 259.56m @ 0.41g/t Au, 0.14% Cu, 1.77ppm Mo, 0.8g/t Ag from 10.44m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Sunstone Metals Ltd (ASX: STM) is pleased to announce more outstanding assays which confirm that the El Palmar deposit in northern Ecuador (Figure 4) is a significant gold-copper porphyry discovery. Sunstone is acquiring a 100% interest in the El Palmar Project and currently holds 51% under the Staged Acquisition Agreement signed on 12 August 2020 (see ASX announcement dated 12 August 2020). The project is located in northern Ecuador in the vicinity of the 1.0Bt Llurimagua copper-molybdenum porphyry deposit, and in the same regional structural belt that hosts the 2.6Bt Alpala copper-gold deposit within the Cascabel project (Figures 1 & 2). The El Palmar results reported in this release comprise all assays from drill hole EPDD003 and the previously unreported assays from portions of EPDD002. Drill holes EPDD004, 5 and 6 have now been completed (assays pending), and hole EPDD007 is in progress (Table 2). All holes are mineralised from shallow depths. |
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