THE DRILL SERGEANT: Sunshine Metals (ASX: SHN) reported on recent drilling activity at the Liontown prospect within the company’s Ravenswood Consolidated project in North Queensland.
Sunshine Metals announced it has intersected multiple high-grade gold zones in the first of 12 RC holes at the Liontown prospect, which it has interpreted to be gold and copper rich feeder zones to the project’s overlying 2.3 million tonne zinc-gold-copper VMS Resource.
The company declared the assays from the first hole into this zone as ‘exceptional’, adding they validate the new Main Feeder concept:
23LTRC002
2 metres at 8.99 grams per tonne gold from 20m
1m at 4.54g/t gold from 42m, and
17m at 22.14g/t gold from 67m, Including 6m at 58.74g/t gold from 68m.
“The stunning intercepts at Liontown are a great reward for the solid geological work completed by the team,” Sunshine Metals managing director Dr Damien Keys said in the company’s ASX announcement.
“The decision was made to target the gold-copper rich footwall and feeder zones to the Liontown Resource with a high impact, shallow RC program.
“The feeder zones have not been recognised by past explorers and are often difficult to target.
“We have also completed a shallow diamond hole into the feeder target, approx. 30 metres west of the intercept in 23LTRC002.
“The diamond hole will yield critical structural orientation data, which will be used to target the feeder to the north of the current Liontown Resource.
“The identification of the likely feeder zone has given us confidence in our novel approach.
“It also suggests that there are possibly two further feeder zones that are poorly drill tested.
“One coincides with the historic Carrington gold workings and the second is potentially located in the under drilled Gap Zone between Liontown and Liontown East.
“The find presents a new opportunity to rapidly grow the gold and copper inventories at the Liontown Resource and validates a means of hunting these feeder zones at other VMS prospects nearby including Waterloo and Orient.”
