A monster hit at El Palmar - a 481m intersection.
First assays from El Palmar: EPDD001 of 163.55m at 0.71g/t gold and 0.20% copper (1.05g/t Au equiv.) from 52m, within 481m at 0.41g/t gold and 0.15% copper (0.66g/t Au equiv.) from 11.3m. Partial assays from hole EPDD002 for the interval 250 – 417.5m are: 167.50m at 0.58g/t gold and 0.26% copper (1.02g/t Au equiv.) from 250m. Assays from the remainder of hole EPDD002 and from hole EPDD003 are expected in ~six weeks. Presence of bornite and other high-tenor copper sulphide minerals suggest higher copper grades can be expected within the system. Fully funded for ongoing exploration at El Palmar, with cash and equity investments totalling ~$21m.
Sunstone MD Malcolm Norris said it was clear the Company had made a major discovery at El Palmar.“We are very excited about these results,” Mr Norris said. “These grades and widths, combined with the size of the magnetic target we are drilling and the fact that mineralisation starts from surface, show that El Palmar is an outstanding discovery with huge potential. And it is early days, to have drilled mineralisation in all 4 holes drilled to date is an incredible start to this drilling program.“Importantly, the copper and gold grades in drilling are aligning very well with the magnetic target, which gives us immense confidence in the size of the prize.
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