Sun Metals has completed the final tranche of a $6.2 million bought-deal financing that will enable it to advance exploration at its wholly owned Stardust project, 250 km northwest of Prince George, British Columbia.
Steve Robertson, the company’s president and CEO, says the equity financing will enable the company to further advance exploration of the 421 zone — an area of extensive skarn alteration hosting high-grade copper-gold mineralization.
Drill results from six holes have extended the known plunge of the 421 zone to more than 160 metres and demonstrate that it is open to both the north and the south. High-grade copper-gold mineralization has been intercepted in several holes.
Continue reading at The Northern Miner.