Announcement Date: 2022-08-30
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. 363m @ 0.51g/t Au, 0.12% Cu, 31.4ppm Mo, 1.1g/t Ag from 124m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Sunstone Metals Ltd (ASX: STM) is pleased to announce its best intersection yet which further strengthens the outlook for the upcoming maiden JORC Resource at its Brama-Alba porphyry discovery in southern Ecuador. The results from hole BMDD034 expand the size of the Alba discovery with a wide higher-grade intersection of 202m at 0.88g/t gold equivalent with sub-domains that exceed 1.0g/t gold equivalent (see Table 1). The wide interval of 202m at 0.88g/t gold equivalent is within a broader interval of 363m at 0.71g/t gold equivalent. All holes reported in this release intersected significant wide zones of gold-copper mineralisation (Table 1). Results from holes BMDD017, 020, and 021 were previously reported (see ASX announcements 20 January 2022, 7 March 2022, and 1 June 2022), and post reporting these holes were extended to test for deeper mineralisation in these areas. BMDD017 extended low grade mineralisation by 80m to 463m. Drill hole BMDD034 had a shallow dip of -30 degrees and therefore this strong intersection is within 150m of surface (Figure 2). The intersection in BMDD034 is orthogonal to well mineralised previously reported holes BMDD020 and 021 (Table 1, Figure 2) and therefore helps define a higher grade, wider zone of mineralisation at Alba.
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