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Challenger Exploration (ASX:CEL) reports high grade gold recoveries at Hualilan Gold Project
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  • Sunshine Gold (SHN) generates new targets from high-grade soil assays at its Dreghorn prospect at the Ravenswood West project in Queensland
  • The historic Dreghorn gold field consists of around nine kilometres of strike length with historical workings and gold soil anomalism of around 50 parts per billion gold
  • The company says the enriched gold in soils are another positive indicator of the potential at Dreghorn
  • Reverse circulation drilling will begin later this month
  • Sunshine Gold shares were trading flat at 5.6 cents at 1:30 pm AEST

Sunshine Gold (SHN) has generated new targets from high-grade soil assays at its Dreghorn prospect at Ravenswood West in Queensland.

The Dreghorn gold field consists of around 9 kilometres strike length with historical workings and gold soil anomalism of around 50 parts per billion (ppb) gold. The recent soil survey results encompass the Albion, Queenslander and Sundown targets within Deghorn.

The company says the enriched gold-in-soils are another positive indicator of the potential at Dreghorn.

The company says a detailed soil sampling and field mapping program will continue to infill broad spaced data in the western portion of Dreghorn.

“Any soils result above 50 ppb gold would have been considered anomalous. To have 33 results with more than 100 ppb gold is an encouraging start,” said Sunshine Gold’s Managing Director, Damien Keys.

“The integration of magnetic, soils, mapping and rock chip datasets has refined numerous drill targets and delineated new targets.”

“We have now defined fertile structure over a strike length of 3km with the potential to host shallow mineralisation,” said Mr Keys.

Reverse circulation drilling will begin later this month.

Sunshine Gold shares are trading flat at 5.6 cents at 1:30 pm AEST.

SHN by the numbers
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