Sunshine Metals Unveils High-Grade Gold and Copper Intercepts at Liontown

Dr. Damien Keys, Managing Director of Sunshine Metals, encapsulates the excitement and future promise of these findings: “These exceptional results reinforce our belief that the gold-rich footwall at Liontown has the potential to be a significant standalone gold and copper system.

“The gold rich zone adjacent to the Main Feeder Zone now stands at ~260m x ~140m. Furthermore, the footwall zone appears to grade from gold-rich mineralisation, into more copper-rich mineralisation at depth. This is an observation consistent with those documented from miners at Carrington in the early 1900’s.

“Significantly, the 20m @ 18.21g/t Au intersection is 45m below the 17m @ 22.1g/t Au eliminating enrichment due to supergene processes. In addition, the intersection contained visible gold in RC chips, indicating high recovery potential from conventional gravity separation. Metallurgical studies incorporating petrology and gravity separation will commence in the June 2024 quarter.

“Drilling has recommenced targeting high-grade, footwall extensions of the pumice breccia horizon east of the Main Feeder Zone and into the ~400m long Gap Zone, including around the Gap Zone Feeder. We only took control at Liontown in September 2023 and with every drill hole we are substantially building on our understanding of the gold-copper potential at Liontown. We are looking forward to an exciting year ahead as we continue to build on our success to date.”

The broader context of Liontown’s mineralisation is fascinating. This region, historically linked to the high-grade Carrington Gold Mine, suggests that Liontown’s geology is part of a larger, historically gold-rich narrative. The ongoing exploration strategy, including the targeting of the gold and copper-rich zones, is planned to unlock further value from this asset.

In an era where the demand for gold and copper is driven by technological advancement and economic stability, with both commodities ripping higher in recent weeks, the timing for gold and copper exploration could not be more opportune. Sunshine Metals had a market cap of $17M at time of writing. 

Concluding, the journey of exploration and discovery is fraught with challenges and uncertainties, but Sunshine Metals recent announcement at Liontown serves as a testament to the rewards of perseverance and strategic exploration.