Sunshine Gold Limited (ASX:SHN) has obtained promising results from mapping, rock chip sampling and soil sampling at the Gagarin Cu- Au-Ag-Mo prospect, at Ravenswood West in Western Australia.
Highlights:
*High-grade copper, gold, silver and molybdenum mineralisation confirmed in WNW striking veins and faults. Results include:
o 10.96% Cu, 0.48 g/t Au, 4.61 g/t Ag, 1,048 ppm Mo (GG001) o 12.99% Cu, 0.07 g/t Au, 6.29 g/t Ag, 182 ppm Mo (GG010) o 8.58% Cu, 0.36 g/t Au, 5.10 g/t Ag, 339 ppm Mo (GG011)
o 8.86% Cu, 0.24 g/t Au, 5.81 g/t Ag, 513 ppm Mo (GG004)
o 7.93% Cu, 0.44 g/t Au, 5.24 g/t Ag, 410 ppm Mo (GG014)
o 6.93% Cu, 0.67 g/t Au, 17.86 g/t Ag, 1,260 ppm Mo (GG006) o 3.69% Cu, 0.98 g/t Au, 4.76 g/t Ag, 309 ppm Mo (GG002)
o 0.34% Cu, 2.11 g/t Au, 12.69 g/t Ag, 2,012 ppm Mo (GG003)
* Rock chipped veins correspond with radiometric anomalism (potassium).
* Historic drilling in the area did not test the sampled areas yet returned encouraging intercepts including:
o GG8 o GG6 o GG3
- 11m @ 0.72% Cu, 0.09 g/t Au, 4,380 ppm Mo from 28m 4m @ 0.44% Cu, 0.16 g/t Au, 3,330 ppm Mo from 44m 3m @ 1.88% Cu, 0.25 g/t Au 736 ppm Mo from 27m
“Early field work campaigns of mapping and sampling are a necessity to generate new targets and field confirm data generated targets. We are really encouraged to see high-grade Cu-Au- Ag-Mo rock chips being returned from Gagarin,” Managing Director, Damien Keys, said.
“Gagarin is one of six Cu-Au-Ag-Mo prospects that occupy a 15km zone along the Podosky Fault. We have completed first drilling at Titov and Keans and are currently awaiting assay results on 21 holes. We look forward to first pass drill testing at Gagarin in 2022.”
Gagarin Prospect (SHN 100%)
Gagarin was first identified in the 1960’s as a copper-molybdenum prospect. The prospect was pattern drilled in 1999 with 14 (601m) vertical RC holes drilled to an average depth of 42m. Assay data is not available for t2woholes (GG10 and GG11). Best results from the remaining 12 holes include:
11m @ 0.72% Cu, 0.09 g/t Au, 4,380 ppm Mo from 28m 4m @ 0.44% Cu, 0.16 g/t Au, 3,330 ppm Mo from 44m 3m @ 1.88% Cu, 0.25 g/t Au 736 ppm Mo from 27m
Further review of the project area highlighted two zones of discrete radiometric anomalism (elevated potassium and thorium) either side of the historic drilling (Figure 3). The anomalies coincide with interpreted faulting (magnetics) and historic rock chip anomalism (1999), including:
o 6.72% Cu, 1.45 g/t Au, 8.00 g/t Ag, 1,620 ppm Mo (PK40) o 11.16% Cu, 1.00 g/t Au, 12.00 g/t Ag, 396 ppm Mo (PK42) o 10.54% Cu, 0.25 g/t Au, 5.00 g/t Ag, 1,180 ppm Mo (PK43)
At the Gagarin South anomaly, Sunshine Gold has mapped a 1-3m wide, quartz vein containing decaying sulphide (undifferentiated) and malachite staining. The vein outcropped in two zones over 400m of strike
Reconnaissance drilling will be conducted at the Gagarin North and South prospects in 2022. In the meantime, further mapping and sampling of the greater Gagarin area will be conducted.
For further information please visit: http://www.shngold.com.au/
