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Company News
Sunstone Metals Assays Highlight Scope for Bramaderos Resource Growth
Sunstone Metals (ASX: STM) has reported fresh surface sampling results from its Bramaderos project in southern Ecuador, underscoring the potential for significant resource expansion. Channel and rock chip assays from the Copete and Brama prospects have confirmed extensive porphyry and epithermal mineralisation outside the current resource envelope. Management said the results provide strong confidence that […]
Sunstone Metals ready to start drilling at Limon epithermal gold-silver discovery
Sunstone Metals (ASX: STM) is looking to establish a substantial near-surface resource from drilling at the Limon epithermal gold-silver discovery within the Bramaderos porphyry gold-copper-silver project in southern Ecuador. The diamond drilling campaign will target areas where extensive trenching in February returned grades of up to 16 grams per tonne gold and 376g/t silver from […]
Sunstone Metals sees potential for 10Moz at Bramaderos project in Ecuador
Sunstone Metals’ (ASX: STM) discovery hopes received a further boost this week with the announcement of high-grade results from the Bramaderos project in Ecuador. “Sunstone is very much a discovery opportunity,” managing director Malcolm Norris told the Resources Rising Stars Summer Series in Brisbane. The company has two “giant” projects, Bramaderos in the south and […]
Market wrap: Santa Claus rally gets market close to record high
The Australian share market continued to hover close to a record high before the Christmas break after an extraordinary Santa Claus rally over November and December. The ASX 200 index is now only around 120 points or 1.6% below the record high set in 2021 after rallying an impressive 9.8% during November and December. It […]
Sunstone Metals expands Limon prospect in Ecuador with promising gold and silver results
Sunstone Metals (ASX: STM) continues to highlight the potential of its Limon gold and silver discovery at the Bramaderos project in southern Ecuador. Sunstone is undertaking an aggressive follow-up campaign at the Limon epithermal discovery backed by the roughly $5 million in new funding it raised in a share placement last week. That work is […]
Sunstone Metals shines light on new large gold target at El Palmar
High-grade gold and silver surface sampling has helped Sunstone Metals (ASX: STM) identify a large target to follow-up at its El Palmar project in northern Ecuador. Surface sampling returned exciting grades of up to 6.2 grams per tonne gold and 269 g/t silver from an epithermal vein zone at El Palmar. The outcropping, well-mineralised epithermal […]
Market wrap: ASX 200 plunges below 7000 on rising Middle East tensions and bond yields
A combination of worsening tensions in the Middle East, rising US bond yields and falling US shares led to an almost across-the-board wipeout on the Australian market on Friday. The 7000-point marker was left way back in the rear vision mirror as the ASX 200 fell 96 points, or 1.4% to 6981.6 points at the […]
Sunstone Metals delivers ‘outstanding’ assay from drilling at Limon gold-silver target
Sunstone Metals (ASX: STM) has announced an “outstanding” 269 metre intersection grading 1.05 grams per tonne gold equivalent (AuEq) at its high-grade Limon epithermal gold-silver discovery within the Bramaderos project in southern Ecuador. The full assay contained 82g/t gold and 18.5g/t silver from 74m including 124m at 1.93g/t AuEq (1.54g/t gold and 31.8g/t silver) from […]
Sunstone Metals shines bright in Ecuador with strong gold-silver assays at Limon
Sunstone Metals (ASX: STM) has continued to highlight the substantial potential of its Limon epithermal discovery in southern Ecuador with the receipt of further high-grade gold-silver assays. The new results have helped push the known epithermal mineralisation strike length out to more than approximately 800m in a northwest-southeast orientation. Notably the discovery is open in […]
Gold outperforms as investors seek safe haven
It’s not a fair comparison, strictly speaking, because they are very different metals but over the past four weeks signs have emerged of what might be a significant change in the mining world’s pecking order with gold starting to outperform the speculator’s favourite, lithium. That trend could continue into next year as governments take their […]
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