Sunstone Metals: Shares slip on initial MRE and exploration target for Bramaderos

Sunstone Metals Shares slip on initial MRE and exploration target for Bramaderos

• Sunstone Metals (STM) reports a maiden mineral resource estimate (MRE) for the Brama-Alba deposit, part of its Bramaderos project in Ecuador
• The company completed the 2.7-million-ounce MRE using data from trench samples and 53 drill holes completed in the area
• Sunstone has also completed an initial exploration target ranging between 3.3 and 8.6 million ounces of gold equivalent, which it completed using a “conservative” approach
• The company says these estimates are “just the start” and hopes to update them following further drilling across more targets in the new year
• STM shares are down 21.74 per cent to trade at 3.6 cents at 2:31 pm AEDT