Announcement Date: 2022-05-25
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. 347m @ 0.34g/t Au, 0.11% Cu, 5.4ppm Mo, 0.4g/t Ag from 4.72m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Sunstone Metals Ltd (ASX: STM) is pleased to announce strong assays from four more holesin the upper 500m at El Palmar which confirm that the project hosts a significant gold-copper porphyry discovery. The latest assays extend the known, continuous mineralisation to an area of at least 500m x 300m by 500m vertical extent, from surface. In addition, early-stage deep drilling has intersected peripheral mineralisation in wallrock that is interpreted to be close to higher grade mineralisation, providing further exploration targets at depth (Figure 3). El Palmar is located in northern Ecuador in the vicinity of the 1Bt 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 4 & 5). The El Palmar results reported in this release comprise all assays from drill holes EPDD007, 008, 010 and 011 in the upper 500m zone of the southeast sector of El Palmar, and holes EPDD009 and 016, which drilled deeper into the El Palmar system in the centralsector of El Palmar (Figures 1-3 and Table 1). Previously released results are collated in Table 2 (see ASX release dated 23 rd February 2022). Sunstone MD Malcolm Norris said: “These latest results confirm El Palmar is a substantial project of immense scale with grades which are in line with those seen in many of the world’s high-profile porphyry deposits.
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