Figure 4: Location of the El Palmar project (and Verde Chico property) relative to the Llurimagua and Cascabel Alpala and TandayamaAmerica deposits, and the Toachi fault system which is considered important for the localisation of porphyry copper-gold-molybdenum mineralisation in northern Ecuador. El Palmar Copper-Gold Porphyry Project – Northern Ecuador (Sunstone 74.5% - acquiring up to 100%) El Palmar is located in northern Ecuador, 60km north-west of Ecuador’s capital Quito. Sunstone is acquiring 100% of the El Palmar project and currently holds 74.5% under the Staged Acquisition Agreement (following a payment of USD$300,000 in July 2024). The agreement was originally signed on 12th August 2020, with an Amendment signed in June 2024 to enable Sunstone to acquire the outstanding percentage by 30 June 2026 The property sits on the regionally significant Toachi Fault Zone, the same regional structural belt that hosts the 2.66Bt Alpala copper-gold porphyry deposit grading 0.25g/t gold and 0.37% copper, and the 0.53Bt Tandayama-America deposit grading 0.19g/t gold and 0.24% copper within the Cascabel project (see www.solgold.com.au for details), and is in close vicinity of the 1Bt Llurimagua copper-molybdenum porphyry deposit grading 0.89% copper and 0.04% molybdenum (Figure 4). Overview Operating Review continued 10 Sunstone Metals Limited Annual Report 2024
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