FINWIRES · TerminalLIVE
FINWIRES

Sunstone Metals' Drilling at Ecuador Project Intersects Wide Intervals of Gold, Copper Mineralization; Shares Jump 4%

By

Sunstone Metals (ASX:STM) intersected wide intervals of gold and copper mineralization in the second set of four holes of a drilling program across the Porotillo, Copete, and Melonal porphyry systems within the Bramaderos project in Ecuador, according to a Thursday Australian bourse filing.

It intercepted 250.4 meters at 0.43 grams per tonne grade of gold-equivalent, including 0.25 g/t grade of gold and 0.11% copper from surface at Melonal.

It also encountered intercepts of 200.5 meters at 0.42 g/t grade of gold-equivalent, including 0.25 g/t grade of gold and 0.10 % grade of copper, as well as 140.4 meters at 0.45 g/t grade of gold-equivalent, including 0.25 g/t grade of gold and 0.12 % grade of copper at Porotillo.

Its shares rose 4% in recent trading on Thursday.

Related Articles

Asia

Xero Launches 'XeroForce' AI Agent Builder to Automate Small Business Finance Workflows; Shares Fall 6%

Xero (ASX:XRO) has launched "XeroForce", an invite-only artificial intelligence (AI) tool that lets small businesses and accountants build natural-language automation agents to streamline accounting workflows, connect third-party applications, and improve compliance without coding, according to a Thursday statement.The agent is designed as an orchestration layer for accounting tasks such as month-end close, reporting, tax document management, purchase order validation, and payroll approvals, incorporating domain-specific accounting logic to ensure compliance and reliability.The tool also supports always-on agents that operate across time-based events, provides full audit trails for traceability, and enables accountants to run bulk workflows across multiple clients.The company's shares fell 6% in recent Thursday trade.

$ASX:XRO
Asia

Market Chatter: XPeng in Talks with Volkswagen to Buy Factory in Europe

XPeng (HKG:9868) is talking with Volkswagen and other carmakers for the possible purchase of a production facility in Europe, the Financial Times reported Wednesday."We are ... discussing with (Volkswagen) to see if there is any possibility we can find a location here in Europe," XPeng's Managing Director for Northeastern Europe, Elvis Cheng, said during the newspaper's Future of the Car summit on Wednesday.Xpeng's plan comes days after the German carmaker's CEO, Oliver Blume, said Volkswagen could bring its China-developed cars to Europe or even share factory capacity in Europe with Chinese partners, Reuters reported separately.Volkswagen purchased a 4.99% stake in Xpeng at the end of 2023.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$HKG:9868
Asia

Samsung Electronics Joins EU's Code of Conduct for Energy Smart Appliances; Shares Jump 4%

Samsung Electronics (KRX:005930) joined the European Union's Code of Conduct for Energy Smart Appliances, which is a voluntary agreement program promoting energy-efficient smart devices, the technology firm said Thursday.The initiative, led by the European Commission's research arm, aims to improve energy management by combining appliances with power systems, the release said.Shares of Samsung Electronics rose more than 4% in recent trade.

$KRX:005930