| Announcement Date: | 2022-09-27 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Sunstone Metals Ltd. |
| Project name: | El Palmar |
| Location: | Ecuador |
| Commodities: | Gold,Copper |
| Highlight: | Drilling results incl. 277.6m at 0.32g/t Au, 0.12% Cu from 5.5m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Sunstone Metals Ltd (ASX: STM) is pleased to announce that the latest assays from its El Palmar porphyry goldcopper discovery in northern Ecuador continue to expand the area of known mineralisation, with compelling new targets also defined for drill testing commencing in October. The latest assay results continue to return wide zones of significant gold-copper mineralisation within the main target area at El Palmar. Mineralisation extends from surface with gold and copper grades and overall dimensions of the mineralised system in-line with other major porphyry deposits. Drill-holes EPDD018 and 019, completed in the west-central area of the main El Palmar target, intersected gold-copper mineralisation from near surface (Table 1, Figure 1). This area had previously only been tested with a portion of hole EPDD005. The new assay results, together with hole EPDD005, have now defined a new mineralised body measuring at least 120m in diameter, and open at depth and to the east. There has been no significant exploration of this mineralised body down-plunge. Drill-hole EPDD020, which was designed to test the area underneath hole EPDD011, has continued to identify gold-copper mineralisation to the north |
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