10 of 10 Drill Holes at Sybil Return Significant Gold Intercepts
Sunshine Metals reports strong, shallow gold mineralisation across all drill holes at its Sybil project, reinforcing the potential of this underexplored epithermal system near Charters Towers.
- Significant gold intercepts in 10 of 10 recent drill holes
- High-grade shallow mineralisation confirmed in A and Main Veins
- Drilling expands geological understanding of vein structures
- Sybil project analogous to the prolific Pajingo gold deposit
- Remaining assay results expected mid-November 2025
Strong Drill Results Reinforce Sybil’s Potential
Sunshine Metals Limited (ASX, SHN) has announced compelling assay results from its ongoing diamond drilling program at the Sybil project, part of the Ravenswood Consolidated Project in north Queensland. The latest assays from three additional drill holes continue to reveal shallow, high-grade gold mineralisation, complementing earlier results that saw significant gold intercepted in every hole drilled so far.
The program targeted the A and Main Veins at the Francis Creek prospect, with standout intercepts including 7.0 metres at 3.93 grams per tonne gold from 65 metres, and an impressive 2.8 metres at 15.15 grams per tonne from 37 metres. These results align with previous high-grade hits such as 4.4 metres at 57.51 grams per tonne from just 23.6 metres depth, underscoring the consistency and quality of the mineralisation.
Geological Insights and System Analogies
Beyond the grades, the drilling has been invaluable in refining the geological model of Sybil’s epithermal system. The A Vein has proven to be predictable with broad zones of interest, while a newly identified Splay Vein between the A and Main veins has been routinely intersected. The vein textures observed confirm that the drilling is intersecting the highly prospective boiling zone of the epithermal system, a key target for high-grade gold mineralisation.
Sybil’s geological setting bears strong resemblance to the nearby Pajingo deposit, which has produced approximately 4 million ounces of gold since 1986. Both systems share similar age, host rock types, structural controls, and vein textures, suggesting Sybil could host a comparable scale of mineralisation. Despite this, Sybil has seen minimal modern exploration until Sunshine Metals fast-tracked drilling within weeks of acquiring the project.
Strategic Importance and Next Steps
The Sybil project is strategically located about 135 kilometres west of Townsville and 140 kilometres north of Charters Towers, within a historically prolific gold district. Sunshine Metals has compiled extensive historical data and is integrating new drilling results to advance targeting and resource definition. The company expects assay results for the remaining four drill holes by mid-November 2025, which will further clarify the extent and grade continuity of the mineralisation.
Looking ahead, Sunshine Metals plans to leverage these geological insights to drive resource upgrades and mining studies, alongside ongoing exploration at other prospects within the Ravenswood Consolidated Project. The company’s approach reflects a broader strategy to unlock value from a portfolio of gold and base metal assets in a well-endowed region.
Bottom Line?
As Sunshine Metals awaits the final assay results, Sybil’s consistent high-grade gold hits position it as a promising contender in Queensland’s gold landscape.
Questions in the middle?
- Will the remaining drill holes confirm the continuity of high-grade mineralisation at Sybil?
- How will Sunshine Metals integrate these results into a formal resource estimate and mining study?
- Could Sybil’s geological analogy to Pajingo translate into a multi-million ounce gold resource?
