Sunshine Metals (ASX:SHN) has received the final assay results from a recent reverse circulation grade control drilling program at the Liontown deposit, part of the Ravenswood Consolidated Project, reporting ‘exceptional high-grade’ gold and silver intercepts.
The results from a previously reported, shallow silver interval have been re-analysed, now returning 1m @ 136 grams per tonne gold and 9,960g/t silver from 18m, within a broader zone of 30m @ 6.68g/t gold and 528g/t silver from 17m.
The expanded drill program was completed in early February 2026 and comprised 121 holes for 5,195m. The company has already reported results for 68 holes, with additional results expected in early March.
Managing Director Damien Keys says that this result underlines the “considerable silver endowment of the Liontown system”.
“With the recently announced mining study outlining robust financials on an initial 75,000 ounces of gold and 654,000 ounces of silver, we look forward to growing the precious metal endowment of Liontown and testing other, nearby gold and silver-rich targets in 2026 and beyond,” Keys says.
“The gold and silver potential at Ravenswood Consolidated has previously been overshadowed by base metals. Sunshine is now giving both metal their due.
“At a gold to silver ratio of about 1:60, the silver potentially adds significantly to already high gold grades.”
Once all results are received, Sunshine will incorporate them into an updated and upgraded resource, expected in April 2026, which will then be integrated into an updated mining study.
With the current resource at Liontown containing 5.5 million ounces silver @ 27.15g/t silver, the new results reinforce the potential for significant silver at the project.
Sunshine Metals is advancing precious and base metals projects in North Queensland.
Write to Amy Rotman at Mining.com.au
Images: Sunshine Metals
