Sunstone Metals (ASX:STM) has highlighted the potential for a ‘significant’ increase to the overall size and grade of the Mineral Resource Estimate (MRE) for its Bramaderos Project in Southern Ecuador.
Recent drill results have provided Sunstone with ‘strong’ evidence that the Limon target within the project is a ‘significant high-grade’ gold-silver discovery, with mineralisation extending from surface to depth and remaining open.
‘Outstanding’ intersections include hole LMDD026 with 185m @ 2.85g/t AuEq (2.67g/t Au and 15g/t Ag) from 90m, including 101m @ 4.87g/t AuEq (4.64g/t Au and 18.9g/t Ag) from 106m, including 31m @ 12.93g/t AuEq (12.53g/t Au and 32.7g/t Ag) from 146m.
Sunstone Metals Managing Director Malcolm Norris says: “These latest results are a very significant breakthrough with big positive implications for the size, grade, and development prospects at Bramaderos.
“These results will further grow the resource base at Bramaderos and will underpin development options, which may include higher-grade starter pits”
These results will further grow the resource base at Bramaderos and will underpin development options, which may include higher-grade starter pits. They support our view that the Bramaderos Project has every potential to be a 10-million-ounce district with multiple deposits within 4km of one another.”
The company says 1 drilling rig is currently operating at Limon and has just finished hole LMDD029. Sunstone plans to fast-track the drilling here with 2 rigs from late July 2023.
Sunstone Metals is an ASX-listed company with an advanced portfolio of exploration and development projects in Ecuador and Scandinavia. These include the Bramaderos Gold-Copper Project and the El Palmar Copper-Gold Project.
Write to Aaliyah Rogan at Mining.com.au
Images: Sunstone Metals Ltd