Sunshine Metals (ASX:SHN) Expands Mt Pleasant Work Near ASX 200 Miners

Highlights

• Sunshine Metals to broaden mapping and sampling at Mt Pleasant within Ravenswood Consolidated Project

• Rock chip assays validate historic surface samples showing gold mineralisation

• Drilling continues at Liontown with initial assay results expected later this month

Sunshine Metals (ASX:SHN), active in the Australian gold exploration sector, continues advancing its Ravenswood Consolidated Project in Queensland. The company’s efforts are taking place within a broader mining landscape that includes several ASX 200-listed miners, aligning Sunshine with key resource activities across the index.

Expansion of Geological Mapping at Mt Pleasant

The company has announced it will broaden its geological mapping and extend soil sampling across the Mt Pleasant prospect. This work follows an initial reconnaissance site visit that included a rock chip sampling program. The company’s exploration team is focusing on a zone that shows auriferous veining with multiple structures trending in a north-northwest direction. The central vein is reported to extend significantly across surface.

The mapping and sampling program is intended to define areas for further examination. Drill testing is expected to be directed toward priority sections after the surface work concludes. The company’s approach includes detailed soil coverage to further delineate mineralised zones.

Rock Chip Samples Validate Historic Surface Gold Results

During the preliminary exploration phase, Sunshine Metals obtained rock chip samples that returned gold mineralisation consistent with historic sampling in the region. These results support earlier observations, with some assays aligning with previously collected historic samples that indicated high-grade gold presence.

The sampling activities have so far revealed several parallel veins, reinforcing geological interpretations of a structurally complex and mineralised area. This fieldwork, combined with historical records, is aiding in constructing a clearer geological model for the Mt Pleasant prospect.

Proximity to Infrastructure and Early-Stage Observations

According to company statements, the Mt Pleasant area remains undrilled despite being located within a region known for long-standing gold activity. The geological setting is interpreted to be near-surface and oxide-rich, and it is situated close to existing infrastructure, enhancing accessibility for continued fieldwork.

Company leadership has highlighted the project’s early indicators as positive, especially due to the presence of visible veining and confirmed surface gold values. The Mt Pleasant area is emerging as a new area of interest within the Ravenswood district.

Progress at Liontown Prospect

In parallel, Sunshine Metals is also conducting drilling operations at the Liontown prospect. Drilling work is underway with a large portion of the drillholes already completed. Samples from the early phase of this campaign have been submitted for analysis, and the first assay results are expected to be returned during May.

The Liontown work forms part of the broader exploration strategy within the Ravenswood Consolidated Project, complementing the surface programs at Mt Pleasant. Both prospects are receiving attention as part of Sunshine’s wider Queensland activities.

Industry Presence and Engagement

Sunshine Metals is currently participating in the RIU Sydney Resources Round-Up, which runs over several days in early May. The event features numerous exploration and mining companies and facilitates updates on resource sector developments. Sunshine’s presentation aligns with its ongoing work in Queensland and adds visibility to its exploration program.

The company’s activities remain focused on expanding geological knowledge across its tenements while maintaining alignment with sector peers on the ASX 200.