Ann: Entitlement Offer Update, page-3

Nice work Rus.

We got a little run the Read Corporate Weekly Wrap today from Barry Fitz.

Sunstone:Trenching results are not drilling results. But when the trenches sit over a prospect already ranked as a discovery with an exploration target of 900,000-1.7 million ounces of gold equivalent, it’s time to take notice.That’s what’s happening at Sunstone (ASX:STM) at its Limon epithermal gold-silver discovery at the broader Bramaderos project in southern Ecuador.Trenching results included 14.95m at 4.8 g/t gold, including 6.2m at 10.7g/t gold. There was also some visible gold for good measure.Now for the follow up work with the drill bit. Drilling is due to start in June in two areas 1km apart – a good an indication as any that Sunstone reckons it is on to a large-scale system at Limon.It is early days but Limon is shaping up as potential “starter” pit while work continues to tease out the large-scale porphyry gold/copper story at depth at Bramaderos.Sunstone last traded at 1.2c for a market of cap of $44 million.Start thinking about a starter pit with say 100,000-150,000pa gold equivalent potential, and the market cap is interesting when compared with what that sort of potential would be valued at if Limon was in WA.Sunstone also owns the El Palmar gold-copper porphyry (from surface) discovery in northern Ecuador where a starter pit scenario is also unfolding ahead of the full potential of the porphyry system there being pinned down.