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
Sunstone Metals Limited ( (AU:STM) ) has issued an announcement.
Sunstone Metals has reported strong initial drilling results from its new 5,000m program at the Copete-Porotillo porphyry complex within the Bramaderos Gold-Copper Project in southern Ecuador. The campaign is designed to expand the existing 3.6-million-ounce gold-equivalent mineral resource and test a sizable conceptual exploration target at Copete-Porotillo.
The first two holes intersected wide zones of stockwork vein-hosted mineralisation, including 200m at 0.45 g/t gold-equivalent and 162.2m at 0.32 g/t gold-equivalent, both containing higher-grade intervals. Management says these results support the potential to grow Bramaderos’ shallow, large-scale inventory, with an imminent scoping study expected to outline project economics and help the market better assess the asset’s underlying value relative to Sunstone’s current valuation.
The most recent analyst rating on (AU:STM) stock is a Buy with a A$2.10 price target. To see the full list of analyst forecasts on Sunstone Metals Limited stock, see the AU:STM Stock Forecast page.
More about Sunstone Metals Limited
Sunstone Metals Limited is an Australian exploration company focused on gold and copper projects, with its flagship Bramaderos Gold-Copper Project located in southern Ecuador. The company targets large-scale porphyry systems and aims to grow its mineral resource base to enhance project economics and market valuation within the gold-copper sector.
YTD Price Performance: -49.92%
Average Trading Volume: 448,374
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$68.04M
For a thorough assessment of STM stock, go to TipRanks’ Stock Analysis page.