Vancouver-based Sun Metals Corp. (TSX-Venture:SUNM) had reason to be sunny on Thursday, trumpeting new results from its Stardust project in the north-central part of the province.
A news release out Thursday declared that drilling into a new extension of Stardust’s Canyon Creek Skarn zone returned the thickest and richest mineralization ever intersected at the project.
For example, one diamond drill hole intersected 36.50 metres of mineralization, grading 3.89% copper, 4.47 grams per tonne (g/t) gold and 84.6 g/t silver.
This includes higher grade intervals of 5.55 metres grading 6.28% copper, 7.01 g/t gold and 202.1 g/t silver and a second interval of 6.80 metres grading 8.52% copper, 11.17 g/t gold and 162.0 g/t silver
Said CEO Steve Robertston, "We have intersected the strongest mineralization ever observed at Stardust and this drill hole is a game changer for the project and the district.”
Shares in Sun Metals rose like the sun as morning became afternoon on Thursday, vaulting 7.5 cents, or 46.9%, to 23.5 cents, on volume of 1.7 million shares.
