Sunstone Metals Enhances Bramaderos Project with Strong Gold-Copper Results
SUNSTONE METALS LTD (STM) Share Update September 2024 Sunday 29th
Sunstone Metals Reports Strong Gold-Copper Results at Bramaderos Project
Sunstone Metals Ltd (ASX: STM) has announced promising gold-copper assay results from its Bramaderos Project in southern Ecuador. The latest findings from the Melonal target significantly expand the project's potential and boost confidence in its porphyry Exploration Target.
Instant Summary:
- 136.5m at 0.31g/t gold, 0.12% copper for 0.51g/t gold-equivalent in QM-01
- 179.0m at 0.37g/t gold, 0.11% copper for 0.54g/t gold-equivalent in QM-02, including 75.0m at 0.52g/t gold and 0.14% copper for 0.75g/t gold-equivalent
- Geological mapping identifies additional porphyry bodies to the southeast of Melonal
- Sunstone is advancing partnership opportunities for the El Palmar and Bramaderos projects
Significant Assay Results
Sunstone Metals Ltd has reported strong assay results from channel sampling at the Melonal target within its Bramaderos Project. The results include 136.5 meters at 0.31 grams per tonne (g/t) gold and 0.12% copper, equating to 0.51 g/t gold-equivalent in sample QM-01. Additionally, sample QM-02 returned 179.0 meters at 0.37 g/t gold and 0.11% copper, or 0.54 g/t gold-equivalent, with a notable section of 75.0 meters at 0.52 g/t gold and 0.14% copper for 0.75 g/t gold-equivalent.
Expanding Potential
The Melonal target is part of the larger Brama-Alba-Melonal porphyry complex, which presents a multi-decade mining opportunity. The latest results highlight the potential for large contiguous open-pit opportunities. Geological mapping has also identified additional porphyry bodies to the southeast of Melonal, which are currently undergoing further trenching and exploration.
Strategic Advancements
Sunstone continues to advance partnership opportunities for both the El Palmar and Bramaderos projects. These partnerships aim to accelerate exploration and resource growth, unlocking the full value of the projects. The Bramaderos Project's porphyry Exploration Target is estimated to be between 3.3 to 8.6 million ounces of gold-equivalent, although this target is conceptual in nature and requires further exploration to confirm a Mineral Resource.
Geological Insights
Extensive geological mapping has been completed alongside the trenching program. This mapping has identified additional porphyry bodies outside the current Exploration Target area, offering significant upside potential. The Melonal target remains largely underexplored, with only four holes drilled on the margins of the main target zone, two of which were drilled by Sunstone in late 2022.
The announcement of strong gold-copper assay results is likely to have a positive impact on Sunstone Metals' stock. The expansion of the Melonal target and the identification of additional porphyry bodies increase the project's attractiveness and potential value. This could lead to increased investor interest and a positive market reaction.
Investor Reaction:
Analysts are expected to react positively to the news, as the strong assay results and the potential for additional porphyry deposits enhance the project's overall value. The advancement of partnership opportunities also adds a strategic dimension that could accelerate exploration and resource growth.
Conclusion:
Investors should keep an eye on Sunstone Metals as the company continues to explore and expand its Bramaderos Project. The promising assay results and strategic advancements suggest significant potential for future growth. Stay informed on further developments and consider the long-term opportunities this project presents.