Media, page-96

I liked this part @subi1 so much upside for the A team at SHN and the shareholders.

Gold-copper growth potential

SHN’s three-hole diamond drilling program targeted high-grade extensions of the gold-rich Liontown Footwall Lode into the Liontown Gap Zone.

The step-out holes were drilled ~250m east of the Liontown resources and are spaced ~100m vertically apart and ~90m above a historical intersection of 7.6m at 3.91g/t gold and 1.82% copper from 416.9m.

Besides returning high-grade gold and copper intersections, the holes also confirmed previous observations that the mineralisation becomes more copper-rich at depth and that the sulphides in the high-grade footwall zones are dominated by chalcopyrite and pyrite.

Managing director Dr Damien Keys said the thick, high-grade intersections demonstrate the resource growth potential present within the Liontown Gap Zone.

“The Gap Zone intersections are interpreted to be an extension of the Liontown Footwall Lode where recent drilling intersected 20m at 18.2g/t gold (from 107m, 24LTRC005) and 17m at 22.14g/t gold (from 67m, 23LTRC002),” he added.

“The broader footwall lode system (incorporating Carrington, Au FW Gold Zone, Gap and Liontown East) now extends for ~1.6km and over a vertical distance of ~350m.

“Gold mineralisation in the footwall, despite being consistent, is not always easily identified in drill core. This presents a significant opportunity for previously unrecognised gold mineralisation in historic drilling at Liontown East, where only ~25% of the footwall was sampled. The unsampled core will be analysed throughout 2024.”