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Sunstone Metals Ltd (ASX:STM)

ALERT: Price-sensitive ASX Announcement for STM
Current share price for STM : $0.200 0.182 (1,011.11%)+
Announcement
Release
4 Feb 2026 9:26AM
Price at Release
$0.018
Full Release
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Summary
Sunstone Metals Ltd, an ASX-listed company, announced the discovery of high-grade porphyry mineralization at the surface of the Porotillo area within its Bramaderos Gold-Copper Project in southern Ecuador. The initial trenching results revealed substantial gold-copper mineralization, with significant intersections in the first three trenches. The Porotillo area shows potential for substantial resource growth, supporting plans to expand the 3.6Moz AuEq resource. A scoping study is underway, and a 5000m drilling program is set to commence in mid-February 2026 at both Copete and Porotillo, with assays from additional trenches expected soon. This discovery underscores the potential to significantly increase the existing resource base, aligning with the company's strategy to develop world-class gold-copper projects in Ecuador.
Key Points
  • Discovery of high-grade porphyry mineralization at Porotillo.
  • Significant intersections in initial trenching results.
  • Potential for substantial resource growth at Bramaderos project.
  • Scoping study underway for Brama-Alba-Melonal.
  • 5000m drilling program to start at Copete and Porotillo.
  • Assays from additional trenches PO_4 and PO_5 expected soon.
  • Strategy to develop world-class projects in Ecuador.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.