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Sunshine Gold Ltd ( (AU:SHN) ) just unveiled an announcement.
Sunshine Metals Limited has reported significant results from its recent drilling program at the Liontown prospect, part of the Ravenswood Consolidated Project in North Queensland. The company announced high-grade gold intersections, including a notable 10 meters at 31.91g/t gold from 41 meters depth. These results support Sunshine’s strategy to develop shallow oxide gold resources, with plans to fast-track metallurgical test work and resource upgrades to advance open-pit mining studies. This development could enhance Sunshine’s industry positioning by expanding its resource base and potentially increasing its gold production capabilities.
More about Sunshine Gold Ltd
Sunshine Metals Limited, trading as Sunshine Gold Ltd, operates in the mining industry with a focus on gold exploration and production. The company is engaged in identifying and developing shallow oxide gold resources, particularly in North Queensland, Australia, as part of its Ravenswood Consolidated Project.
Average Trading Volume: 21,162,190
Technical Sentiment Signal: Sell
Current Market Cap: A$19.83M
For an in-depth examination of SHN stock, go to TipRanks’ Stock Analysis page.