Sunstone Metals Ltd (ASX:STM) MD Malcolm Norris tells Proactive the company has defined a significant exploration target for the Limon gold-silver discovery within the Bramaderos Project in Ecuador, highlighting the scope for a substantial resource and a significant development. The initial exploration target just 10 months after the discovery was made comprises the Limon Central Shoot, the surrounding mineralised area measuring 800 metres by 300 metres, and three of the additional six satellite targets outlined to date. Limon's conceptual exploration target consists of 30 to 44 million tonnes at a grade of between 0.9 and 1.2 g/t gold equivalent, for between 900,000 and 1.7 million ounces gold equivalent (comprising gold and silver only).
Norris said: This initial exploration target highlights the scope for a substantial resource and a significant development at Limon.
The total inventory is growing at Bramaderos, and we are moving towards our stated goal of a 10-million-ounce gold district.
And it must be emphasised that Limon, and other areas of mineralisation at Bramaderos, are ideally located for a mining development.
There is existing grid power (93% renewable), the Pan American Highway is within 3 kilometres of the gold-silver-copper deposits, the area is between 900-1,100 metres above sea level, and Ecuador has a clearly defined process for moving from exploration to development.
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Sunstone Metals Ltd