Sunshine Metals (ASX:SHN) has begun initial mapping and sampling at its Francis Creek prospect, within the Sybil Project in Queensland, ahead of an upcoming drilling program.
The ongoing fieldwork will focus on first-pass mapping and targeting at Francis Creek East and the Burdekin Veins prospect. Drilling will begin between July and August 2025.
At Francis Creek East and Burdekin Veins, increasing arsenic and antimony in sampling suggests exposure of the upper boiling zone and a thickening of the prospective stratigraphy.
Managing Director Damien Keys says after spending time on the ground, the company’s confidence in the district’s gold potential has grown.
“Francis Creek is a prolific epithermal vein field with limited historical drilling,” Keys says.
“Vein textures and geochemical datasets continue to support our geological model, pointing to a thicker auriferous boiling zone toward the east and southeast.
“We will be closely evaluating high-potential prospects including Francis Creek East, Quartz Ridge, and the Burdekin Veins in the coming weeks.”
Sunshine Metals, which has a market capitalisation of $25 million, says Sybil is an epithermal gold system, located 135km west of Townsville and 140km north of Charters Towers.
Sybil is situated on a large 40km-long extensional structure infilled with Permian-Carboniferous volcanics.
The company notes Sybil is prospective for Pajingo-style gold mineralisation. Pajingo is a low-sulphidation epithermal deposit that has produced 4 million ounces of gold.
Sunshine Metals will be attending the Noosa Mining Investor Conference, held between 23-25 July, at the Peppers Noosa Resort.
Mining.com.au is an official media partner of this year’s conference.
Write to Aaliyah Rogan at Mining.com.au
Images: Sunshine Metals
