Sunshine Metals has intercepted broad zones of gold-silver mineralisation at Tigertown as it pushes ahead with a strategy targeting shallow oxide gold resources for potential toll treatment and quick returns.

Assays have been received for first-pass reverse circulation drilling at Tigertown, where seven holes were drilled for 641m.

Highlights include: 30m at 0.58g/t gold, 57g/t silver from 34m (including 4m at 2.01g/t gold, 201g/t silver, 4.14 per cent zinc, 1.93 per cent lead from 38m), and 8m at 0.87g/t gold, 63g/t silver from 72m.

Related: Sunshine puts pedal to the metal on gold assets

“The gold-silver intersections demonstrate the potential for a larger oxide system at Tigertown,” Sunshine managing director Damien Keys said.

“Our best result is our shallowest significant intersection. The drilling has now refined our geological model and will allow us to target the near-surface gold-silver more effectively.

“Tigertown is just one of the shallow targets that we will be testing in early 2025. Drilling will test other targets Liontown (oxide extensions), Liontown West, Coronation and Plateau as we rapidly pursue our shallow oxide strategy.”

The drill campaign shifts to Liontown this month, where the program will be used to source samples for metallurgical test work.

Infill drilling is also expected to enable an upgrade from an inferred to an indicated resource at the site.

The current inferred oxide resource stands at 360Kt at 1.8g/t gold and 26g/t silver for 21Koz gold and 307Koz silver contained.

Below: Shallow oxide gold targets at the Ravenswood Consolidated Project and proximity to established mines, infrastructure and the mining hub of Charters Towers in Queensland. Two potential toll treating mills are nearby at Black Jack and Pajingo.