Sunshine Metals (ASX:SHN) said it intercepted broad zones of silver-gold mineralization at the Tigertown target within the Ravenswood consolidated project in Queensland after a first-pass reverse circulation drilling campaign, according to a Friday ASX filing.
Significant intercepts from the campaign included 30 meters at 0.58 grams per tonne grade of gold, 57 g/t grade of silver from 34 meters, as well as eight meters at 0.87 g/t grade of gold and 63 g/t grade of silver from 72 meters. The next phase of drilling will target these near-surface extensions to define silver-gold mineralization.
Drilling will also test the Liontown, Liontown West, Coronation, and Plateau targets.
Its shares fell 13% in recent trading on Friday.
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