by –News Direct–
Sunstone Metals Ltd (ASX:STM) MD Malcolm Norris tells Proactive the latest exploration results show that the Limon gold-silver discovery, within the Bramaderos Project, has identified more mineralisation surrounding the Central Shoot and up to 1 kilometre away. Assays have identified additional mineralised structures for follow-up drilling, and surface rock chip sampling from a gold-in soil anomaly 1 kilometre west of the Central Shoot returned 5.05 g/t gold and 5.36 g/t silver.
We now know that where we intersect gold or silver at anomalous levels in drilling we have a live structure for follow up. Encouragingly, these results open up more new areas for drilling and enlarge our target zone, Mr Norris said.
We are stepping out to test the other peripheral gold-in-soil anomalies which are arrayed on all sides of the central Limon porphyry system. To be sampling 5g/t gold bearing rocks at surface, 1km to the west is very exciting.
These results will help underpin the Limon Exploration Target planned for November. We believe this will demonstrate the potential for a substantial mineral resource at Limon that can support an open pit development, which will in turn pave the way for a very large gold-copper-silver development across the wider Bramaderos project which houses the Limon, Brama, Alba, Melonal and potentially other mineralised porphyry systems.
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
Jonathan@proactiveinvestors.com
View source version on newsdirect.com: https://newsdirect.com/news/sunstone-metals-opens-up-more-new-areas-for-drilling-at-limon-833648412
Sunstone Metals Ltd
COMTEX_442848055/2655/2023-11-02T15:27:04
Julian Lopez is professor emeritus of finance, served as the founding academic affairs dean and founding chair of the finance department.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No journalist was involved in the writing and production of this article.