Sunshine Gold Completes Maiden Resource Estimate at Triumph Gold Project
THE DRILL SERGEANT: Sunshine Gold (ASX: SHN) announced the maiden JORC 2012-compliant Mineral Resource Estimate for the company’s 100 per cent-owned Triumph gold project near Gladstone in Queensland.
The MRE has come in totalling 1.8 million tonnes at 2 grams per tonne gold for 118,000 ounces contained gold and was delivered just 16 months since Sunshine Gold commenced drilling in December 2020 at a discovery cost of $20.83 per ponce, plus acquisition cost of $3.39 per ounce.
The bulk of the Resource is located over approx. 1.25 kilometres of strike in the Triumph Southern Corridor, meaning the Resource comprises just some 25 per cent of the greater than 5km long Southern Corridor, providing potential for the company to grow along strike and at depth.
It is anticipated that further untested geophysical targets are likely to extend the Southern Corridor further.
“The maiden Resource at Triumph has initially focussed on small centres within the broader Southern Corridor – a mineralised network of coalescing faults and veins,” Sunshine Gold managing director Damien Keys said in the company’s ASX announcement.
“There is certainly scope to extend the known mineralisation as the Resources remains open along strike and at depth.
“Mineralisation along the broader Southern Corridor, identified in previous drilling and IP geophysical data, is expected to further expand the Resource during 2022.
“Drilling will recommence at Triumph in June 2022, with a focus on extending the Resource in the Southern Corridor and delineating new Resources in the Northern Corridor near historic workings.”
