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Sunshine Gold Ltd ( (AU:SHN) ) has issued an announcement.
Sunshine Gold Ltd announced a record high-grade gold intersection at its Sybil prospect, part of the Ravenswood Consolidated Project. The drilling program revealed significant epithermal gold results, including a standout intersection of 4.4 meters at 57.51 grams per ton of gold, marking the highest-grade result ever drilled at Sybil. This discovery underscores the potential of the prospect and draws parallels to the renowned Pajingo epithermal system. The company anticipates further results from the ongoing drilling program by early November 2025, which could have substantial implications for its market positioning and stakeholder interests.
More about Sunshine Gold Ltd
Sunshine Metals Limited, trading as Sunshine Gold Ltd, operates in the mining industry, focusing on the exploration and development of gold resources. The company is engaged in projects such as the Ravenswood Consolidated Project near Charters Towers in north Queensland, Australia.
Average Trading Volume: 9,614,621
Technical Sentiment Signal: Buy
Current Market Cap: A$49.93M
See more data about SHN stock on TipRanks’ Stock Analysis page.