STM 0.00% 1.2¢ sunstone metals ltd

Will pop this in and let others pick at it apart.. It's a quick...

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    Will pop this in and let others pick at it apart..

    It's a quick one via a little system I have in place using the AI, so if there is something a miss let me know and I will correct it.

    Key points I see:

    • The drill results show intersections of gold-copper porphyry mineralization at the Limon target, with 79m at 0.90 g/t AuEq (0.52 g/t Au, 0.19% Cu) from 90m in hole LMDD010. This indicates potential for additional gold-copper resources beyond the current Brama-Alba deposit model.
    • The initial Brama-Alba mineral resource estimate reported is 156Mt at 0.53g/t AuEq (0.35g/t Au and 0.11% Cu). This equates to 2.7Moz AuEq with meaningful copper grades.
    • The financials show expenditure focused on exploration at Bramaderos and El Palmar, with $25 million spent during the year. Cash balance is still healthy at $10 million.
    • The exploration results at El Palmar are described as showing strong gold-copper mineralization, so this project also has potential based on the early results.


    Overall, the presence of copper within the gold mineralization is a positive factor for the economics and potential development of these projects. The results show systems with significant gold and copper endowment. Additional drilling will help determine the full extent and continuity of the mineralization. At this stage, the results are encouraging and demonstrate these projects warrant ongoing exploration and evaluation. The capital spent shows the company's commitment to advancing these prospects.

    In summary, the gold-copper results, mineral resource, and financial information paint an optimistic picture for the potential of Sunstone's Ecuador projects. There appears to be considerable upside remaining through further exploration. The combination of gold and copper strengthens the economic prospects if sufficient tonnes and grades can be delineated.

    A summary of the two main projects contained in this report

    Bramaderos Project (Sunstone 87.5% interest)

    Located in southern Ecuador, adjacent to the Pan American HighwayInitial mineral resource estimate reported for the Brama-Alba target: 156Mt at 0.53g/t AuEq for 2.7Moz AuEqMineralization remains open and further exploration targets definedHigh-grade gold-silver epithermal mineralization discovered at the Limon target, highlights potential to add higher grade ouncesMultiple porphyry centers identified across the concession

    El Palmar Project (Sunstone 70% interest, acquiring up to 100%)

    Situated in northern Ecuador, within a prominent mineralized beltEarly drilling returned strong gold-copper porphyry mineralization at the T3 targetResults show an extensive system with multiple mineralized centers over a 2.3km x 1km areaGeological similarities to the giant Alpala porphyry deposit held by SolGold nearbyFurther exploration planned to test numerous targets and extensions


    In summary, both Bramaderos and El Palmar are large-scale gold-copper porphyry projects with promising initial drill results demonstrating significant mineralization. Additional exploration upside remains through testing multiple targets and extensions at depth. The projects are located in mining-friendly Ecuador with good infrastructure support. Sunstone is well positioned to potentially outline substantial gold-copper resources through systematic exploration of these prospective properties.


    Any other key hights we should look at?
    Sunstone announced an initial exploration target at Bramaderos of 255-360Mt at 0.4-0.74g/t AuEq for 3.3-8.6Moz AuEq. This demonstrates substantial upside beyond the current mineral resource.The company signed an agreement to acquire the Verde Chico project adjacent to El Palmar. This expands its footprint and number of targets in Ecuador.Cash balance remains strong at $10 million after an oversubscribed $12 million placement. This provides funding for continued exploration.Monetized its remaining investment in Copperstone Resources for $1.9 million during the year.Published an inaugural sustainability report showing commitments on ESG matters.Continued efforts on health & safety, local employment, community engagement highlighted.Experienced board and technical team with track record of discoveries in the region.


    Overall, the results underscore the significant growth achieved in 2023 through both discoveries and corporate activities. The company is well positioned to continue advancing and expanding its gold-copper project portfolio in Ecuador. Ongoing exploration has considerable potential to deliver further shareholder value through new discoveries.


    Further drilling program

    The report indicates plans for further drilling on both the Bramaderos and El Palmar projects.

    Specifically:

    At Bramaderos, drilling is ongoing at the high-grade Limon epithermal target to follow up the strong initial results. Additional drill testing is planned for other targets defined by soil geochemistry and structural interpretation.The discovery of mineralization at the Limon porphyry target also highlights potential for more drilling to expand resources in that area.At El Palmar, further drilling is aimed at testing multiple magnetic and MT geophysical anomalies identified at the T3 target and elsewhere within the 2.3 x 1km cluster of mineralized centers.Deeper drilling is expected at the T1 and T3 targets to evaluate the deeper magnetic and MT anomalies.Drilling will also continue to test numerous earlier stage regional targets within the concession.The annual report notes "an aggressive exploration and drilling program is planned on both the Bramaderos and El Palmar projects throughout the 2024 financial year."

    So in summary, the report highlights active and ongoing drill programs planned for both projects based on positive results to date. The stated aim is to continue making new discoveries and expanding the known mineralized systems through systematic exploration. Both properties remain at an early stage with considerable upside to be tested.

    Please note that the AI prompts used in this review are still in development. Therefore, it is recommended that you conduct your own research and analysis before making any decisions. This review covers the use of Claude and PDF imports. If you need further information, please feel free to find me on Twitter and follow our development threads.
 
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