Announcement Date: 2022-03-07
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Sunstone Metals Ltd.
Project name: Bramaderos
Location: Ecuador
Commodities: Gold,Silver,Copper,Molybdenum
Highlight: Drilling results incl. 260.4m @ 1.11g/t Au, 0.08% Cu, 24.0ppm Mo, 1.2g/t Ag from 93.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Sunstone Metals (ASX: STM) is pleased to report new assays which confirm the Alba target within the Bramaderos Project in southern Ecuador is a significant high-grade gold-copper porphyry discovery. Sunstone Managing Director Malcolm Norris said: “These latest results are extremely exciting. We now have enough drilling and geological data to build a picture of a high-grade gold-copper porphyry system at Alba. Holes BMDD021 and BMDD022 were drilled below and above the previously reported holes BMDD012 and 020 (see ASX releases dated November 18, 2021, and January 20, 2022). Hole BMDD023 was drilled to the south, with an approximate 50m step out from BMDD012. Drill hole BMDD012 intersected 111m at 2.35g/t gold, including an upper very high-grade interval of 7.2m at 27g/t gold, and drill hole BMDD020 intersected 193.7m at 0.5g/t gold and 0.16% copper, including a high-grade zone of 21m at 0.91g/t gold and 0.17% copper. Adequate drilling and analysis of results has now been completed, enabling Alba to be interpreted as a highgrade gold rich porphyry environment with visible gold occurring in the upper zones of the porphyry and delivering locally very high grades.
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