Ravenswood West

Ravenswood West is prospective for intrusion-related mineral systems hosting gold-copper-molybdenite and rare earth metals.

The project is located 100km south of Townsville within the prolific Ravenswood – Charters Towers district (>20 Moz produced).

Ravenswood West is highly prospective for gold-copper and is 5km from the Ravenswood Mining Centre (4 Moz Au produced, a further 4.3 Moz Au in Resource and 1.8 Moz in Ore Reserves). The Ravenswood Mining Centre was purchased by EMR Capital and Golden Energy & Resources Ltd. (SGX:AUE) from Resolute Mining Ltd. (ASX:RSG) in 2020 for up to $300m and is presently subject to a ~$200m upgrade. In addition, there are three other gold mills within 100km, two of which are toll treating.

The project is prospective for intrusion related gold (Dreghorn, Wilburs Hill), porphyry copper-gold-silver-molybdenum (Titov, Gagarin, Keans, Bank) and rare earth mineralisation (Elphinstone Creek).

Historic drilling across the project is limited to 79 drillholes, most of which were drilled over 50 years ago. Sunshine Gold has completed reconnaissance drilling at Titov and Dreghorn, intersecting:

  • TITOV:
    121m @ 0.35 % Cu, 0.11 % Mo, 1.99 g/t Ag (1m, 21TVRC001)
    1m @ 8.01 g/t Au (7m, 21DRRC020)