Sunshine Gold Limited has confirmed the large-scale system potential of the Keans Prospect at its Ravenswood West Project in north Queensland after mapping high- grade Cu-Mo-Ag around 350m west of drilled mineralisation. Mapping and sampling has focussed to the south-west of reverse circulation (RC) holes drilled in 2021. Sporadic granodiorite outcrop is found throughout the mapped area, with quartz- sulphide veining common.

Copper mineralisation occurs as both vein hosted chalcopyrite- malachite (lesser azurite) and disseminated chalcopyrite amongst the granodiorite. Molybdenite, silver and gold are associated with quartz veining with associated chlorite-sericite alteration. A 15-hole (1,830m) reconnaissance program was completed at the Keans during October 2021.

The program tested a suite of outcropping quartz-sulphide veins and geophysical targets. The drilling intersected discrete veins with chlorite-sericite alteration haloes. The veins contained abundant sulphide, particularly near the historic gold mines (Shaft A and Heuirs Shaft).

These latest results will be incorporated into the regional geological model and used for drill hole targeting. Drilling at Keans will be incorporated into a broader program planned at various prospects at Ravenswood West during 2023.