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ASX:STM

Sunstone Metals Ltd

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Market:
ASX
Market Cap:
$44.2 m
Price
0.02 AUD
Change
5.26%
52 weeks high
0.03
52 weeks low
0.01

In brief

Sunstone Metals Ltd (ASX:STM) holds a portfolio high quality gold and copper assets in Ecuador.

The Bramaderos Gold-Copper project is prospective for the discovery of porphyry and epithermal gold-copper deposits.

The El Palmar Copper-Gold project is in northern Ecuador and is the subject of a Staged Acquisition Agreement with Ecuadorian company Golden Exploration Ecuador.

Snapshot

  • Sunstone’s ongoing drill program at Bramaderos Gold-Copper Project continues to deliver broad gold-copper intervals.
  • The drill program will continue through to December 2021, after which all data will be compiled, and an initial resource estimate will be undertaken in early 2022.
  • A 2,000-metre drilling program commenced in August 2021 at the El Palmar Copper-Gold Project.
  • The second hole at El Palmar returned a 250-metre intersection of copper mineralised porphyry based on visual inspection, with assays awaited.