Australia's Sunshine Gold rises on Ravenswood West Project update

Sunshine Metals

04/11/2022 01:24

** Shares of Sunshine Gold  SHN.AX  rise as much as 4.8% to
A$0.022, their highest since Oct 31
    ** The mineral explorer announces that it has started
aircore drilling at its Ravenswood West Project near Townsville
 urn:newsml:reuters.com:*:nASX5ylC64
    ** Says drilling to test a rare-earths enriched intrusion
identified from stream sediment and soil sampling
    ** Adds that results to date from stream sediment and soil
sampling are extremely "encouraging"
    ** Stock on track to climb 10% this week, if gains hold
    ** Stock down 46.2% this year, as of last close
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))