STM - Sunstone Metals

[greggles]

Sunstone Metals trying to break through 4c. It had the same difficulty back in January but is giving it another shot.

The company has a number of exploration and development projects in Scandinavia and Ecuador. However, the one that is generating the interest at the moment is the Bramaderos Gold-Copper Project in Ecuador. Positive drilling results have been coming through during May and the company believes they may be on the cusp of a major discovery: http://www.miningnews.net/events-coverage/news/1339159/sunstone-on-the-cusp-of-major-discovery

 

[greggles]

Gap up for Sunstone Metals today after the company announced that the Environmental Impact Assessment (EIA) required for the issuance of an Environmental Licence for exploratory diamond drilling of the Bramaderos gold-copper project has been approved by the Ecuadorian Ministry of Environment.

Sunstone, and its joint venture partner TSX-V listed Cornerstone Capital Resources, will now mobilise a drill rig to the Bramaderos site and drilling is expected to commence within the next 2-3 weeks. First assay results are expected in late May or early June.

STM currently up 28.13% to 4.1c so far today. The first assay results from Bramaderos will be critical to STM's momentum, but if they are good it should go much higher.

 

[frugal.rock]

A most interesting volume period from May for a 5 year period.
Most unusual... dare I say,
breakout signal?
DYOR as I haven't.
Up 22% today to close on 0.011

 

[Telamelo]

STM breakout alert @ .012c +9.09% with huge volume already!

DYOR as always.. Cheers tela

 

[Telamelo]

STM Lift off! on big volume/price spike this morning etc. perhaps good news coming!? Anyone know? Drilling starts in Ecuador in September '20 so not long to go..

Suggests possible .02c short-term target in play on what seems to be a very bullish chart imo

DYOR as always.. Cheers tela

 

[frugal.rock]

Haven't been following lately.
Might pay to check FA ?
Speeding ticket today.

The request for the Trading Halt is pending the release of an exploration update on the
Company’s activities in Ecuador.

• The Trading Halt is expected to last until the earlier of the Company releasing an announcement, or the commencement of trade on Friday, 22 January 2021.

 

[Miner]

Haven't been following lately.
Might pay to check FA ?
Speeding ticket today.

The request for the Trading Halt is pending the release of an exploration update on the
Company’s activities in Ecuador.

• The Trading Halt is expected to last until the earlier of the Company releasing an announcement, or the commencement of trade on Friday, 22 January 2021.

View attachment 118759

From 17 cents it came down at 14 and ultimately 15 cents.
One Sydney broker was yelling (??) to its clients to buy at 17 cents and then became silent when the price dropped to less than 15 cents, however.
Reading the report of bonanza after a trading halt was declared looks good on the silver side but market reaction - was it too much factored to get up 30 percents yesterday and today was consolidation ?? gold grade was pretty ordinary however. Look at today's volume.

@frugal.rock - what do you thought (under caveat )

 

[greggles]

Breakout for STM?

Drilling must have commenced at the El Palmar copper-gold porphyry project in northern Ecuador. The most recent announcement on 13 July said that drilling was "about to start", so I presume that it must have started by now as there has been no notification of any delay.

My money is on news in the next couple of days.

 

[greggles]

I just noticed that STM has been running hard since late last week so i checked the announcements to find that on Thursday they announced a significant gold-copper porphyry discovery at the El Palmar Project in Ecuador.

Low grades so far but huge widths. Assays from the rest of the second hole and the third hole, which has been completed, are
expected in about six weeks.

Sunstone has cash and equity investments totalling ~$21 million so it is well funded to continue exploration at El Palmar. Worth watching IMO.

 

[Miner]

From 17 cents it came down at 14 and ultimately 15 cents.
One Sydney broker was yelling (??) to its clients to buy at 17 cents and then became silent when the price dropped to less than 15 cents, however.
Reading the report of bonanza after a trading halt was declared looks good on the silver side but market reaction - was it too much factored to get up 30 percents yesterday and today was consolidation ?? gold grade was pretty ordinary however. Look at today's volume.
View attachment 118841

@frugal.rock - what do you thought (under caveat )
View attachment 118840

some times I need to take pause and listen instead of calling others yelling.
In January whosoever bought at 1.5 cents STM are laughing.
Look at the volume of transaction in last three days and jump on 7th Oct too and today as well.
Thanks @greggles for your posting which drove me to look into STM today and what WOH!

 

[Swervin Mervin]

Nice work guys! I had to jump on the STM train today @4.5c. The strength here is undeniable!

 

[greggles]

Nice work guys! I had to jump on the STM train today @4.5c. The strength here is undeniable!

STM keeps powering along, up another 10% to 6.6c today Further assay results from El Palmar are due in November.

Very interesting article below about Sunstone and the El Palmar project. It definitely has the potential to be a monster deposit.

Meet the metals hunter who wants to make it big in Ecuador

Mining veteran Malcolm Norris says he’s struck upon a gold-copper resource that may make the world’s resources giants sit up and take notice.

www.mining.com

 

[Dona Ferentes]

and up 40%

STM announces exceptional assays from the first hole it has drilled at the new Alba target within its Bramaderos Project in southern Ecuador.

Alba is part of the Bramaderos Project in southern Ecuador and represents a potential new discovery in addition to the recently announced El Palmar gold-copper discovery located in northern Ecuador, where drilling is ongoing and further assays are expected shortly.

The assay results for hole BMDD012 at Alba include 17m of 12g/T with 7m of 26.88g/T

 

[Sean K]

This looks like a pretty prospective porphyry amongst a pile of targets on Bramaderos. Easy money might already have been made.

 

[Sean K]

Bounced off 7.5-8c support and regaining slight momentum. Might have now flushed out the day traders from Oct/Nov and new investors have taken over who might believe in the prospectivity of their two discoveries.

Both look really interesting but just need a few more drill holes to understand scale. If El Palmer does go to 1200m, that's scale. Based on the surface footprint of 1500x700x1200x2.5 = 3.1Bt.

Would be speculative to jump in now of course, but that's where money is made with these things.

(not holding, yet)

 

[Sean K]

These guys have a MC of about $200m so they're not a minnow any more and there must be some significant expectations with these discoveries, especially the copper porphyry as we know there's a structural issue with demand and dwindling supplies and new discoveries of the metal.

Some significant drill results are due.

From their last preso.

 

[Sean K]

This is a decent discovery, just a matter of strike size and tonnage.

In AuEq it's

 

[frugal.rock]

Probably looking at a bumrush today.
See announcement today which ramps it from visible gold. Assays; early to mid May.
Hole 700m away from previous hole. Spruiking nearology to other big nearby deposits.

 

[Sean K]

Looks like they're getting some much higher grade hits over decent length to make some starter pits while a porphyr is developed. There's some pretty extravagant exploration targets being thrown around here. The current porphyr is way too low tonnage to be a mine. They need about a billion tons @ around .5g/t for 15Moz plus, but a few million ounces around 3g/t within that, or nearby like Limon (hole 26 is exceptional), would be very interesting.