Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
An announcement from Sunshine Gold Ltd ( (AU:SHN) ) is now available.
Sunshine Metals has reported an outstanding silver and gold intercept from recent reverse circulation grade control drilling at its Liontown deposit in Queensland, underscoring the area’s strong precious metals potential. A re-analysed interval from hole 25LTRC070 returned 1 metre grading 136 grams per tonne gold and 9,960 grams per tonne silver from 18 metres, within a broader 30-metre zone at 6.68 grams per tonne gold and 528 grams per tonne silver.
The expanded program, completed on 5 February and extended to 121 holes after early high-grade hits, has so far delivered assays for 68 holes, with remaining results due in March. Sunshine plans to incorporate the new data into an updated resource estimate in April and a revised mining study, which could materially enhance the existing Liontown resource of more than 5.5 million ounces of silver and support a stronger precious metals profile for the project.
The most recent analyst rating on (AU:SHN) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Sunshine Gold Ltd stock, see the AU:SHN Stock Forecast page.
More about Sunshine Gold Ltd
Sunshine Metals Ltd is an Australian exploration and development company focused on precious and base metals in Queensland. The company is advancing its Ravenswood Consolidated project, including the Liontown deposit, with an emphasis on shallow gold and silver resources near existing mines and regional infrastructure.
Average Trading Volume: 9,012,670
Technical Sentiment Signal: Buy
Current Market Cap: A$100.5M
For a thorough assessment of SHN stock, go to TipRanks’ Stock Analysis page.