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An update from Sunshine Gold Ltd ( (AU:SHN) ) is now available.
Sunshine Metals Limited has initiated diamond drilling at the Sybil site, part of the Ravenswood Consolidated Project, with plans to complete 14 diamond holes totaling approximately 1,135 meters by early October 2025. This effort, which follows the acquisition of Sybil, includes the creation of a comprehensive digital database from existing reports and will provide crucial geological data. The company is also conducting concurrent drilling at Liontown North and plans a detailed drone magnetic survey of the Sybil region, indicating a strategic push to enhance its resource base and strengthen its position in the gold exploration sector.
More about Sunshine Gold Ltd
Sunshine Metals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in projects that aim to extract valuable minerals, with a particular emphasis on gold exploration.
Average Trading Volume: 6,746,546
Technical Sentiment Signal: Hold
Current Market Cap: A$31.31M
See more insights into SHN stock on TipRanks’ Stock Analysis page.