Announcement Date: 2021-11-29
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Sunshine Gold Ltd.
Project name: Ravenswood West
Location: Australia
Commodities: Silver,Copper,Molybdenum
Highlight: Drilling results incl. 12m @ 1.43% Cu, 33.07g/t Ag, 0.03% Mo from 81m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Sunshine Gold Limited (ASX:SHN, “Sunshine Gold”, “the Company”) is pleased to present the first drilling results from the Keans Cu-Au-Ag-Mo prospect (“Keans”), Ravenswood West. A 15 hole (1,830m) reconnaissance program was completed at the Keans Cu-Au-Ag-Mo prospect during October 2021. The program tested a suite of outcropping quartz–sulphide veins and geophysical targets. The drilling intersected discrete veins with chlorite–sericite alteration haloes. The veins contained abundant sulphide (see Figure 1), particularly in holes drilled near the historic gold mines (Shaft A and Heuirs Shaft). Keans is a series of outcropping quartz–sulphide veins within a granodiorite that were initially worked for gold in the 1930s. The two shafts, Shaft A and Heuirs Shaft, were sunk to depths of ~20m and ~7m respectively. No production totals are available. However, Shaft A reported mined grades of 28 g/t Au near the top of the shaft decreasing to 3 g/t Au at the base. Heuirs Shaft reported 46 g/t Au mined grades at top of the workings decreasing to 15 g/t Au at base
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