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Highlights:
- Drilling Success: Sunstone Metals (ASX:STM) has reported promising drilling results at its Limon project in Ecuador, including a 50-meter intercept grading 1.43 g/t gold equivalent and exceptionally high silver grades in a secondary intercept.
- Expansion of Mineralization: The latest findings indicate that gold and silver mineralization is extending into new areas, confirming the ongoing potential of the Central Shoot target and contributing to the company's goal of defining a near-surface, JORC-compliant resource.
- Upcoming Maiden Resource Estimate: Sunstone is preparing for a Maiden Resource Estimate (MRE) for Limon, with Managing Director Patrick Duffy highlighting that the results continue to expand the known mineralization and enhance the understanding of the gold-silver system.
On Wednesday, Sunstone Metals (ASX:STM) attracted significant interest from Internet users as the company continues to refine its geological data in preparation for a formal Maiden Resource Estimate (MRE) for its Limon project in Ecuador.
Situated in the southern part of Ecuador, Sunstone Metals aims to establish a near-surface, JORC-compliant resource for Limon. The project remains promising, with mineralization boundaries yet to be fully defined.
Recent drilling results have been noteworthy. The company reported a 50-meter intercept with an average grade of 1.43 g/t gold equivalent, comprising 1 g/t gold and 34 g/t silver. Additionally, a second intercept, less than a meter wide, encountered exceptionally high silver grades beneath 145 meters of overburden. A third drill hole, starting from a depth of 45 meters, yielded similar grades of silver and gold.
Sunstone interprets these findings as indicative of the continued extension of the Central Shoot target. The company noted that the results demonstrate ongoing gold and silver mineralization expanding into new areas.
In its update, Sunstone Metals emphasized its progress towards calculating a near-surface resource at Limon, which is part of a two-phase plan to develop the Limon gold-silver deposit.
Managing Director Patrick Duffy underscored the significance of the latest results: “Limon just keeps getting bigger with virtually every drill hole as we expand the known mineralization and enhance our understanding of the Limon system. This is a large gold-silver system that reaches the surface, and the boundaries are still not fully defined. These results will support our forthcoming Maiden Resource Estimate for Limon.”
