Proactive investorsLogo Proactive Investors UK Website

Search field
Additional information
Additional Information
Market: TSX-V
Sector: Gold Mining
Epic: SGC
News: Latest news
Web Site: Sunridge Gold
Other Articles: 22-07-201006-07-201031-05-2010

RSS - Subscribe to the News Today on Proactive UK ▼

Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive AU ▼

Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive CN ▼

Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

FULL ARTICLE ►
Sunridge Gold

Sunridge Gold

Sunridge Gold Corp.(SGC/TSX.V) is a base and precious metals junior development and exploration company focused on advancing four NI 43-101 deposits through development to production and increasing resources through exploration drilling at several high priority drill targets at its Asmara Project, Eritrea. Following a recent private placement and exploration agreement with Antofagasta Minerals S.A., Sunridge is well funded to explore and develop their 100% owned deposits at he same time that Antofagasta and Sunridge together conduct drilling at other targets with the potential for large discoveries. With significant assets and potential for more, Sunridge is a junior to watch.

CLICK HERE FOR FULL ANLAYSIS OF SUNRIDGE GOLD
Wednesday, December 02, 2009

Sunridge Gold's 1st results from 2009 drilling extend high grade copper zone of Debarwa deposit at Asmara, Eritrea

company news image

Sunridge Gold Corp (TSX-V: SGC) released the first assay results from the 2009 drill program at the Debarwa high-grade copper-gold-zinc deposit at the Asmara project in Eritrea. The African operating gold company said the initial results are very encouraging, as the first four assays extend the deposit’s high grade copper zone. The 2009 drilling program consists of thirty-five holes to date.

The Asmara project covers approximately 700km₂ in central Eritrea. The development area at the property comprises of four independent NI 43-101 deposits, the Emba Derho, Debarwa, Adi Nefas and the Gupo Gold deposits. Across the four deposits, Sunridge currently has combined indicated 43-101-resources of 1.28 billion pounds of copper, 2.5 billion pounds of zinc, 955,000 ounces of gold and 31.2 million ounces of silver.

At Debarwa the objective of 2009’s drilling was to expand the existing resource by testing nearby anomalies. Additionally Sunridge also aims to extend the high-grade copper-gold supergene zone to the south and to extend the copper-zinc primary zone to depth.

Holes DEBD-092 and 095 were drilled into the main copper supergene zone to further define the zone and to get fresh samples for further metallurgical testing.

From DEBD-092 the high grade copper supergene intercept is significantly wider than predicted. The assays returned 36.75 meters grading 4.82% copper and 1.12 grams per tonne gold, also including 15.67 meters grading 10.21% copper and 2.01 grams per tonne gold. While DEBD-095 extended the high grade supergene copper zone about 20 metres further down-dip.

Drill holes DEBD-093 and DEBD-094 were drilled to define and extend the high-grade copper mineralization down-dip in the Debarwa South and both successfully intercepted the high-grade zone.

The existing resource in the Debarwa copper supergene zone, has an average grade of 5.36% copper using and is estimated to contain 158 million pounds of copper in the Indicated category. The primary zone at Debarwa has not had significant delineation drilling in previous programs and is open for expansion at depth and along strike. The primary zone has an average grade of 2.53% copper with 3.23% zinc in the Indicated category.

In addition to the defined deposits being developed by Sunridge, the company also has an exploration agreement with Antofagasta PLC (LSE: ANTO). Through the partnership, Antofagasta has agreed to fund US$10 million of exploration work on the areas outside the development area. Antofagasta will earn up to 60% interest over a five year period in the exploration area , which has the potential for large new discoveries, according to the partners.

Antofagasta is the largest shareholder in Sunridge Gold with an 18% stake.

AddThis Feed Button
Register here to be notified of future Sunridge Gold articles.

Other Sunridge Gold articles


Other Sunridge Gold news

More news ►

Investors interested in Sunridge Gold recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.