- RC drilling under way at the Coronation copper-gold target at SHN’s Ravenswood Consolidated project in QLD
- Part of a larger program across Coronation, Liontown, Cardigan Dam and Plateau targets
- SHN is eyeing resource growth at Liontown
- Program anticipated to take ~ 6 weeks to complete
Sunshine Metals is now drilling six promising anomalies at the exciting Coronation copper-gold target, a “geological analogue” for the nearby, historic high-grade Highway-Reward mine which produced 3.9Mt at 5.4% copper and 1.1 g/t gold.
Queensland explorer Sunshine is hunting for large mineral systems in a district which has produced over 20Moz gold and 14Mt of volcanic massive sulphides ore (copper-gold, zinc-lead).
This new drilling program of 9 holes for 1,770m, which marks the start of a larger program at the wider Ravenswood Consolidated project, is testing six anomalies interpreted to be massive sulphide ‘pipes’.
Above these anomalies were rock chips grading up to 13.8g/t gold.
It is early days, but indications so far are that Coronation looks a geological mirror image of the Highway-Reward Cu-Au mine, just 2.7km away.
Improbably, only 5 historic RC holes (849m) have been drilled at Coronation, none of which touched the anomalies.
Ravenswood drilling drive
All up, the Ravenswood Consolidated drilling program will test 4 prospect areas – Coronation copper-gold, Liontown zinc-silver-lead/gold-copper, Cardigan Dam gold (Lighthouse Farm-In), and Plateau gold (Lighthouse Farm-In).
“Coronation drilling is anticipated to take ~10 days to complete,” Sunshine Metals (ASX:SHN) MD Dr Damien Keys said.
“The rig will then move to Liontown, Cardigan Dam and Plateau, where drilling will continue into November 2023.
“The program represents an exciting period of activity for Sunshine, and we look forward to keeping the market abreast of all developments over the coming months.”
Resource upgrade potential in the pipeline
At Liontown, the drilling will target the gold-copper rich Carrington Lode with the company eyeing resource growth drilling in the sparsely drilled zone between the Liontown and Liontown East resource known as the Gap – where one historic intersection assayed 1.75mt at 50.02% zinc equivalent, including 16.42 g/t gold and 6.27% copper.
There is already a significant resource at the project which stands at 4.9Mt at 12.0% zinc equivalent and 96 previously drilled holes with intersections above cut-off that are yet to be included in the resource.
A resource upgrade is planned in December this year.
The company also plans to send the rig out to Ravenswood Consolidated’s shallow gold prospects, Tigertown, Plateau and Cardigan Dam.
This article was developed in collaboration with Sunshine Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
The post Sunshine is about to drill a lookalike of the historic, high-grade Highway-Reward copper gold mine appeared first on Stockhead.
All eyes on “huge” lithium prize for QX Resources as drilling starts up at Liberty Lithium
Drilling is under way at QX Resources’ 102km2 Liberty Lithium project in California, targeting a high-value, extensive surface brine anomaly … Read…
Gold’s stage is set: Will ASX juniors eat the TSXv’s lunch in gold too?
When gold is worth around A$97 per gram, there is a lot of money to be made finding and producing … Read More
The post PETER STRACHAN: Gold’s stage…
Barrick Gold Buys 12.3% Stake in Hercules Silver for $23.4 million
Hercules Silver (TSXV: BIG) has done what many junior mining names only dream of. The company has secured a major
The post Hercules Silver Sees Barrick…