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- Sunshine Gold (SHN) has received first results from a recent reverse circulation (RC) drilling program undertaken at the Super Hans Prospect in NSW
- In January, six RC holes were drilled at Super Hans to follow-up on shallow high-grade intersections
- Results have been received for four of the holes with grades peaking at 12.95g/t
- Sunshine also received results from Bald Hill West, where it drilled 13 RC holes to infill and extend previous programs
- Results peaked at 8.77g/t gold and, pleasingly, mineralisation was intersected at or near the target depths for each hole
- Sunshine has ended the day 2.33 per cent in the green with shares trading at 6.2 cents
Sunshine Gold (SHN) has received first results from a recent reverse circulation (RC) drilling program undertaken at the Super Hans Prospect.
Super Hans is part of the Triumph Gold Project, which lies in the Northern New England Orogen, 50 kilometres south of Gladstone in NSW.
In January, six RC holes, for 420 metres, were drilled at Super Hans to follow-up on shallow high-grade intersections.
Results have been received for four of the holes with best results of three metres at 12.95g/t gold from 30 metres, and 16 metres at 5.48g/t gold from 34 metres including seven metres at 10.64g/t gold from 34 metres being returned.
Sunshine also received results from Bald Hill West where it drilled 13 RC holes to infill and extend previous programs where up to 13.42g/t gold was intersected.
Best results from this recent program include two metres at 4.65g/t gold from 33 metres including one metre at 8.77g/t gold from 33 metres.
Pleasingly, mineralisation was intersected at or near the target depths for each hole drilled.
“We are thrilled with the Super Hans drilling results as it has validated our new geological concept at Triumph. The thick shallow high-grade intersections are extremely encouraging and will be followed-up in March,” Managing Director Damien Keys commented.
“The results validate our new understanding of the geochemistry of the Triumph system, which highlights the Super Hans to New Constitution South corridor as a high-priority target zone,” he said.
“Drilling at Bald Hill West intersected mineralisation in the anticipated lode positions and the results will be incorporated into our new geological concept to plan the next steps,” he added.
Furthermore, Professor Nick Oliver from HCOV Consulting was engaged to undertake a review of the existing geochemical database and advise on future collection.
The database consists of 12,629 samples, which were assessed for alteration mapping, pathfinder analysis and lithological discrimination.
This review highlighted the prospectivity of the underexplored Super Hans, Big Hans, New Constitution and New Constitution South prospects.
Sunshine will complete its drilling program with focus on these prospects.
Sunshine has ended the day 2.33 per cent in the green with shares trading at 6.2 cents at $26.68 million market cap.
