Announcement Date: 2021-12-06
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. 158m @ 0.37% Cu, 0.07% Mo, 2.25g/t Ag from 0m
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 announce the assay results of RC drilling and an update on the deep diamond drill hole at Titov Cu-Ag-Mo prospect (“Titov”), Ravenswood West. Commencement of first diamond drilling at Titov target in over 50 years. One 500m diamond hole is expected to intersect the target zone at approximately 350m depth. The diamond hole (21TVDD001) is currently at 270m and has intersected zones of pervasive potassic alteration containing disseminated chalcopyrite and quartz veins containing both chalcopyrite and molybdenite. Titov is a swarm of Mo-bearing quartz veins hosted within a malachite (Cu carbonate) stained granodiorite. The prospect is located on a hill and is devoid of trees, owing to the elevated Cu in soils. A shaft and series of shallow workings are spread across the 300m x 120m surface anomaly. The RC drilling program provided geological and geochemical information over 200m of strike extent. The drilling program intersected broad zones of copper, molybdenum and silver mineralisation in all drill holes (see Table 1). The thickest intersections (estimated 100m true thickness) coincide with the some of the highest copper grades in the easternmost holes drilled by Sunshine Gold; 21TVRC007 and 21TVRC008 (Figure 4). However the highest grade copper interval, 10m @ 1.32% Cu, 0.02% Mo and 2.11g/t Ag, was intersected in the deepest RC hole of the program. Diamond drill hole, 21TVDD001, is interpreted to intersect the Titov lode 230m down dip of this intersection.
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