STM 0.00% 1.1¢ sunstone metals ltd

Ann: El Palmar T3 gold-copper porphyry discovery, page-4

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    say results from EPDD026 show substantial gold and copper widths and grades in line with other prominent porphyry deposits globallyKey Points• Drill hole EPDD026, the first drillhole to test the large T3 target, has intersected a strongly mineralised porphyry gold-copper system at depth • Mineralisation is open in all directions and geophysics reveal multiple highly ranked drill targets; Results from drill hole EPDD026 include Higher grade zone of 11.9m at 0.97g/t gold and 0.28% copper for 1.43g/t AuEq from 1,236m, withino 190m at 0.4g/t gold and 0.11% copper for 0.58g/t AuEq from 1,171m down-holeo Discrete intervals of 2m of up to 0.35% copper and 1.3g/t gold, from 1,240mwithin the higher-grade zone of 11.9mo Lower grade mineralisation continues to end-of-hole and is open• This well mineralised zone is interpreted to extend towards surface and follow-up drill hole EPDD028, which is in progress, is testing this up-dip potential and has intersected some chalcopyrite from 224m down-hole • The T3 target is roughly circular and measures 1km in diameter and is part of a cluster of gold-copper porphyry systems which extends over 2.3km• Importantly, the T3 target sits within the broad Toachi fault zone which is a key control on mineralisation at SolGold’s 3Bt Alpala copper-gold porphyry deposit just 65km away, and 15km away from Codelco’s 1Bt Llurimagua copper-molybdenum deposit• “It is early days on the El Palmar concession but the potential here is huge. We see multiple porphyry systems, mineralisation extending from surface to depths exceeding 1,100m and grades locally exceeding 1g/t AuEq (or greater than 0.6g/t gold and greater than 0.2% copper). We believe we are onto a significant discovery at T3 that could deliver significant value uplift to Sunstone shareholders”. – Sunstone MD Malcolm Norris
 
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