SHN.ASX: RC Drilling Commenced at Sybil Epithermal Gold Project

RC Drilling Commenced at Sybil Epithermal Gold Project

Stock	Sunshine Metals Ltd (SHN.ASX)
Release Time	3 Aug 2026, 9:33 a.m.
Price Sensitive	Yes

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Sunshine Metals Commences RC Drilling at Sybil Epithermal Gold Project

Key Points

RC drilling has begun at Sybil Epithermal Gold Project
The program includes 72 RC holes (4,528m planned) across three target areas
Drilling expected to be completed in September 2026
Francis Creek East target, previously undrilled, shows rock chip samples up to 28.1g/t Au

Full Summary

Sunshine Metals Limited has initiated a 4,528m reverse circulation (RC) drilling program at the Sybil Epithermal Gold Project, part of the Ravenswood Consolidated Project. The drilling program targets low sulphidation, epithermal gold mineralization at three key areas: Francis Creek, Francis Creek East, and Blue Range. Francis Creek East, previously undrilled, is an outcropping vein system with rock chip samples up to 28.1g/t Au. The program aims to confirm vein dip, thickness, and grade continuity from surface. RC drilling at Francis Creek will follow up on the successful delineation of gold mineralization in the A Vein, extending beyond previous intercepts. The Blue Range area, located 6km north of Francis Creek, will also be tested. Drilling is expected to be completed in September 2026.