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Sunshine Metals Begins Strategic Drilling at Liontown North

Story Highlights
  • Sunshine Metals starts diamond drilling at Liontown North with government grant funding.
  • The drilling aims to confirm mineral prospectivity and enhance resource estimates at Liontown.
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Sunshine Metals Begins Strategic Drilling at Liontown North

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An update from Sunshine Gold Ltd ( (AU:SHN) ) is now available.

Sunshine Metals Limited has commenced diamond drilling at Liontown North, funded by a Collaborative Exploration Incentive grant from the Queensland state government. This drilling aims to test the company’s interpretation of a fold in the stratigraphic horizon at Liontown, potentially confirming the prospectivity of an untested 3km stretch of the target Liontown contact. The initiative is part of Sunshine’s broader exploration efforts, with concurrent drilling set to begin at the Sybil site and further results expected soon, which could enhance the company’s resource estimates and industry positioning.

More about Sunshine Gold Ltd

Sunshine Metals Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in projects such as the Ravenswood Consolidated Project, which includes the Liontown North site.

Average Trading Volume: 6,973,140

Technical Sentiment Signal: Sell

Current Market Cap: A$22.96M

For a thorough assessment of SHN stock, go to TipRanks’ Stock Analysis page.

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