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Sunstone Metals Ltd.
Summary
| Project: | Bramaderos | |
|---|---|---|
| Deposit: | Bramaderos Main | |
| Location: | Ecuador | |
| Commodities: | Gold-Copper-Molybdenum | |
| Date: | 1/21/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-1-2020: Sunstone Metals Ltd. announces an Exploration/Drilling Update report for its Bramaderos Main deposit at the Bramaderos project. Drilling results incl. 384.24m @ 0.27g/t Au, 0.13% Cu, 9.8ppm Mo from 7.40m. Sunstone Metals Limited (ASX:STM) is pl | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bruce Rohrlach (Internal) | |
| ABSTRACT: | Sunstone Metals Limited (ASX:STM) is pleased to announce that the latest results from its Bramaderos Main deposit in Ecuador provide more evidence that drilling is closing in on the higher-grade areas of the large goldcopper porphyry system. Sunstone holds an 87.5% interest in the Bramaderos property following a recent modification to the JV agreement (see ASX announcement dated 7th January 2020). Assays from the latest three holes (BMDD004, 5 and 6) include grades of up to 0.93g/t gold over a 12.15m interval, 0.57g/t gold and 0.1% copper over a 127m interval, and 0.45g/t gold and 0.18% copper over a 46m interval. And BMDD007 now underway has already intersected zones of quartz veining and visible chalcopyrite. Assay results from drill holes BMDD004, BMDD005, and BMDD006 have now been received. All holes have intersected intervals of gold and copper. Sunstone Managing Director Malcolm Norris said: “The new drilling results from Bramaderos Main strengthen our view that the area hosts a quality gold-copper porphyry system. We have intersected widespread mineralisation that now has a strike extent of over 1km. Follow-on exploration is aimed at defining the geometry of the higher-grade domains within that 1km and further extending mineralisation. “We have delivered intervals from trenches of 615m at 0.52g/t gold and 0.11% copper and drill holes of 248m at 0.56g/t gold and 0.14% copper (CURI-03) and 172m at 0.52g/t gold and 0.16% copper (BMDD001) within 200m of surface. “These results clearly demonstrate that the system is capable of delivering an orebody. Our ongoing work with magnetics data and structural interpretation will further assist in unlocking the geometry. “We also took the decision to understand and further test the Bramaderos Main system prior to embarking on a drilling program at Porotillo. We are now advancing the Porotillo exploration program so that drilling can commence over the next few months. The Porotillo magnetic anomaly is significantly larger than Bramaderos Main and is mineralised based on surface sampling and historic drill holes, such as 26m at 1.1g/t gold and 0.16% copper from 6m downhole in CURI-05.” | |
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