Sunstone Metals Limited (ASX:STM) is an ASX listed mineral exploration company with high quality gold and copper assets in Ecuador and Finland, as well as a significant equity investment in Copperstone Resources AB of Sweden. Sunstone’s assets are the:
- Bramaderos Gold-Copper Project
- Southern Finland Gold Project
- Equity investment in Copperstone Resources AB
(Viscaria Copper Project and Arvidsjaur Project, see copperstone.se)
The Bramaderos Gold-Copper project is located in southern Ecuador and is a joint venture between Sunstone and TSX:V listed Cornerstone Capital Resources. Sunstone can earn up to an 80% position in the project by funding activities through to commencement of production. The project is considered to be highly prospective for the discovery of porphyry and epithermal gold-copper deposits. The team at Sunstone has been involved in significant discoveries of porphyry and epithermal copper-gold mineralisation at Tujuh Bukit in Indonesia and Cascabel in Ecuador, and is preparing to repeat that success at Bramaderos.
The Southern Finland Gold Project is located 100km north-west of Helsinki in southern Finland where the Company has commenced exploration at the Satulinmäki prospect, and identified significant gold mineralisation. Intersections of 23.5m at 3.3g/t gold (including 9.2m at 7.3g/t gold) were intersected in shallow drilling completed in 2016, and recent geophysical studies suggest a large gold system with limited drilling.
Both projects are supported by established infrastructure, in close proximity to power, road networks and ports.
Sunstone Metals is in the business of maximising shareholder return through the discovery and development of safe, efficient and environmentally responsible mining projects that offer a clear, short-term path forward to development.