Following initial drilling work at its Ravenswood Consolidated Project in Queensland, Sunshine Metals (ASX:SHN) intends to launch electromagnetic geophysical surveys at its Highway East and Truncheon targets.
The electromagnetic surveys are being designed to refine the position of a Highway-Reward-style massive sulphide body that may be present at Truncheon and Highway East.
At Truncheon, three holes were drilled for 618m, while six holes were drilled for 1,212m at the Highway East prospect. The drilling program intersected gold in barite bearing rhyolite, and encountered broad zinc intersections.
Some of the drilling results include 6m @ 0.52g/t gold; 1m @ 1.10% copper and 3.05% zinc; and 18m @ 1.12% zinc and 0.32% lead, including 3m @ 3.13% zinc and 1.17% lead.
Managing Director Damien Keys says the surveys will be efficient at discriminating chalcopyrite from pyrite.
“The gold mineralisation intersected at Truncheon is highly encouraging as it validates the exploration model and vectors toward a potential Highway-Reward style mineral system,” Keys says.
Sunshine Metals’ exploration model at Highway East and Truncheon is based on Highway-Reward as an analogue. Highway-Reward is considered to be a pipe-style volcanogenic massive sulphide deposit.
Truncheon lies 2.5km northeast of the Highway-Reward Mine, while Highway East lies 2.5km east of the mine and 1.5km south of Truncheon.
Sunshine Metals is focused on discovering and developing its projects in Queensland. The company’s flagship Ravenswood Consolidated Project lies within a district that has produced over 20 million ounces of gold and 14 million tonnes of volcanic massive sulphide ore.
Write to Aaliyah Rogan at Mining.com.au
Images: Sunshine Metals
