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Sunshine Gold Ltd ( (AU:SHN) ) just unveiled an update.
Sunshine Metals Limited has reported further high-grade gold mineralisation at its Liontown site, part of the Ravenswood Consolidated Project in North Queensland. The recent drilling program, which included 29 holes, has provided promising assay results, leading to plans for metallurgical studies and a resource update. This development is expected to enhance the company’s resource status from Inferred to Indicated, potentially strengthening its market position and offering new opportunities for stakeholders.
More about Sunshine Gold Ltd
Sunshine Metals Limited, trading on the ASX under the ticker SHN, operates in the mining industry with a focus on gold exploration and development. The company is engaged in identifying shallow oxide gold resources, particularly in North Queensland, to enhance its resource base and explore potential processing opportunities.
Average Trading Volume: 26,495,673
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$27.14M
See more data about SHN stock on TipRanks’ Stock Analysis page.