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Sunshine Gold Ltd ( (AU:SHN) ) has issued an announcement.
Sunshine Gold Ltd has announced the final results of its diamond drilling program at the Sybil site, part of the Ravenswood Consolidated Project. The program revealed significant gold mineralization in 12 out of 14 drill holes, including a notable 4.5 meters at 17.23g/t Au. These results confirm the potential for high-grade gold zones, with further exploration planned following heritage clearances and magnetic surveys. The company is also preparing to resume drilling at Liontown, aiming to advance shallow mineralization to mining readiness.
More about Sunshine Gold Ltd
Sunshine Metals Limited, trading as Sunshine Gold Ltd, operates in the mining industry, focusing on gold exploration and development. The company is primarily engaged in identifying and developing gold mineralization projects, with a particular emphasis on the Ravenswood Consolidated Project located near Charters Towers in North Queensland.
Average Trading Volume: 12,914,523
Technical Sentiment Signal: Buy
Current Market Cap: A$53.89M
For a thorough assessment of SHN stock, go to TipRanks’ Stock Analysis page.