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SUNSTONE METALS LTD (ASX: STM)

Follow-up drilling at Limon epithermal target within Bramaderos Project confirms new gold-silver system from surface, strengthening the potential for a significant discovery.
Notable intersections include 87m at 0.41g/t AuEq in LMDD021 and 92m at 0.58g/t AuEq in LMDD022, suggesting multiple mineralized structures over 300m long.
Drilling is ongoing with three additional holes in for assay, while metallurgical testwork aims to assess leach opportunities and potential zinc contribution to gold equivalent mineralization.

2023-06-02 09:27:00

Sunstone Metals Limited raises $12 million via a share placement for gold-copper exploration projects in Ecuador.
Funds will be used for drilling at the Bramaderos and El Palmar gold-copper projects, targeting the Limon target and T2/T3 target respectively.
The aim is to identify a 10Moz gold district, define the extent of mineralization, and make a significant copper-gold porphyry discovery, ultimately delivering substantial value growth to shareholders.

2023-05-15 09:52:00

Drilling at the T2 porphyry target in the El Palmar gold-copper project in northern Ecuador has intersected a porphyry copper system.
Visible chalcopyrite, rock alteration, and pXRF results support the presence of this system, with the mineralized interval more than 200m wide and open, and the magnetic body measuring at least 1km vertically.
The T3 target, where the mineralization strengthens, offers a large target space for follow-up drilling to determine the scale of this porphyry discovery.

2023-04-28 09:12:00

Drilling at the Limon target within the Bramaderos Project has intersected visible gold in an epithermal vein system at 600m below the surface in hole LMDD020, showing geological similarities to hole LMDD017.
The Limon target area is about 2.7km from the Brama-Alba gold-copper deposit, which hosts a porphyry gold-copper-silver Mineral Resource of 2.7Moz AuEq and an Exploration Target between 3.3Moz and 8.6Moz AuEq.
Assays from hole LMDD020 are expected in early to mid-May, and Sunstone aims to discover a 10Moz gold district with multiple deposits within 4km of one another.

2023-04-14 08:56:00

Drilling at the Limon target within the Bramaderos Project discovered a new gold-silver system outside the current Mineral Resource estimate, with significant assays including 176.7m at 1.1g/t AuEq.
This significant result could materially change the Bramaderos project and will be further tested over the coming months with exploration activities.
In northern Ecuador, drilling at the T2 target at El Palmar is returning encouraging results as it approaches the target zone.

2023-03-29 09:03:00

Drilling has commenced at T2 target at El Palmar and trace chalcopyrite and molybdenite have been identified.
Porphyry mineralisation has been intersected at T5 target, with high grades of gold and copper.
Assay results confirm the presence of an epithermal gold-silver-base metal system at Tituana target in multiple veins.

2023-03-16 08:45:00

Sunstone's first three holes at the new T2 target at El Palmar have returned broad gold and copper intersections.
Geophysical modelling shows T2 is a very large target bounded by the Toachi Fault, similar to the Alpala deposit in SolGold's Cascabel Project.
Drilling at Tituana epithermal target at El Palmar has intersected an epithermal system; Sunstone remains well-funded with A$11.2m in cash and equities reported at December 31, 2022.

2023-02-15 08:51:00

Drilling at the Limon target, within the Bramaderos Project, has intersected a well-mineralised gold-copper porphyry system.
Significant results include: 79m at 0.90g/t AuEq* (0.52g/t gold, 0.19% copper, 9.4g/t silver), from 90m in LMDD010, including 34.7m at 1.26g/t AuEq* (0.77g/t gold, 0.24% copper, 14.1g/t silver), from 94m.
The Limon target is located within the Bramaderos Project, which is part of the Company’s larger Condor Gold-Copper Project.

2023-01-18 09:28:00