Sunshine Metals (ASX:SHN) has begun resource definition drilling at its Liontown prospect within the Ravenswood Consolidated Project in North Queensland, targeting the Gold Panel horizon.
The company will drill 41 holes across 2,777m at the Gold Panel horizon to improve resource confidence within the uppermost two levels of proposed underground development, outlined in the mining study.
Drilling is expected to be completed in March 2026 to support mine planning and development studies, with results to be incorporated in an updated mining study.
Liontown has an existing resource of 247,000 ounces @ 7.35 grams per tonne gold and 11g/t silver for 58,200 ounces of gold and 87,000 ounces of silver.
Located 200m east of the proposed open pit, the Gold Panel has previously returned ‘high-grade’ intercepts including 17m @ 22.05g/t gold from 67m and 20m @ 18.21g/t gold from 114m.
Managing Director Damien Keys says the company conducted an “extremely successful grade control program” at Liontown’s shallow gold zones, which this drilling campaign will follow up.
“This resource definition program will allow Sunshine to get ahead of the curve in preparation for mining by further improving confidence in the resource and metallurgical recovery,” Keys says.
“We’re also eager to share the finalised assays from the open-pit grade control program later this month, which will further strengthen our path to production.”
Sunshine expects to upgrade Liontown’s shallow gold resource next month, while the company begins field work at the Sybil Project.
Sunshine Metals is advancing exploration and development projects in North Queensland, with a focus on the Ravenswood Consolidated Project.
Write to Maddison Elliott at Mining.com.au
Images: Sunshine Metals
