Further High-Grade Intersection at Sybil - 5.2m @ 9.01g/t Au

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Stock Sunshine Metals Ltd (SHN.ASX)
Release Time 22 Oct 2025, 9:22 a.m.
Price Sensitive Yes
 Further High-Grade Intersection at Sybil - 5.2m @ 9.01g/t Au
Key Points
  • Assay results for diamond drill hole 25FCDD007 returned 5.20m @ 9.01g/t Au from 52.0m, including 1.40m @ 31.70g/t Au
  • Drilling is now complete for the 14-hole diamond program at the Francis Creek prospect
  • Assays for the remaining 7 holes are expected in early-mid November 2025
Full Summary

Sunshine Metals Limited has intersected further shallow, high-grade epithermal gold at Sybil (100% owned), part of the Ravenswood Consolidated Project near Charters Towers in north Queensland. Assay results have been received for diamond drill hole 25FCDD007 from the Francis Creek prospect at Sybil, which returned 5.20m @ 9.01g/t Au from 52.0m, including 1.40m @ 31.70g/t Au. The 14-hole (1,177.4m) diamond drill program at Francis Creek is now complete, with results received for 7 holes so far. Best previous results include 4.40m @ 57.51g/t Au from 23.6m and 3.80m @ 6.12g/t Au from 22.6m. Assays for the remaining 7 holes are expected in early-mid November 2025. The drilling program has provided valuable geological information on vein orientation, thickness and textures to help expand the geological model. Sunshine's Managing Director commented that the results continue to demonstrate the high-grade potential at Sybil, with the latest intersection occurring near the intersection of two epithermal veins.

Outlook

Sunshine has a busy period ahead, including ongoing mining studies at the Liontown Au project, expected metallurgy results and resource upgrade in October 2025, and the release of VTEM results for the Coronation area in October-November 2025. The company also plans to report the remaining Sybil drilling results in November 2025.