Ann: Drilling underway at El Palmar, page-43

SUNSTONE METALS (ASX:STM)
The Sunstone management team is already credited with finding SolGold’s ‘Cascabel’ and Intrepid Mining’s ‘Tujuh Bukit’ deposits.

Both are undeniably world-class.

Sunstone’s focus is now the ‘Bramaderos’ and ‘El Palmar’ copper-gold exploration projects in Ecuador.

The cashed-up company has hit copper porphyry in its very first hole at El Palmar from surface, based on visual inspection.

The hole is currently at ~350m and will continue to a depth of at least 600m. Planning for follow-up drilling is already underway.

“We have achieved the first objective in our strategy to discover a large copper-bearing porphyry system,” managing director Malcolm Norris says.

“We are encouraged by what we see in this first drill hole, and we look forward to receiving the assays.”

Drilling at Bramaderos gold-copper is ongoing and further results and plans for H2 2021 will be released shortly.

“Our cash and equity investments remain strong at ~$23m, allowing us to significantly expand our exploration activities should results in the next couple of months justify (it),” Norris says.

Exploration success has pushed the $67m market cap stock up 190% so far in 2021.