Sunridge Gold Corp
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.
Sunridge Gold expands footprint of Asmara Project
Sunridge Gold (TSX-V: SGC) ("Sunridge") announced that it has received extensions to two of its exploration licenses that are part of the Asmara Project, Eritrea. According to Sunridge, the extensions increase the overall size of the project by 60%, from 665 square kilometres to 1062.5 square kilometres. The two exploration licenses extend the company’s land position five kilometres east and west of the current project, and are both believed to be on trend with the volcanogenic-massive-sulphide (“VMS”) and shear zone gold mineralization.
Sunridge further noted that 153 square kilometres of the new ground would fall into a previously agreed exploration joint venture with London listed mining giant, Antofagasta (LSE: ANTO). Antofagasta can earn 60% in the Asmara Project by expending US$10 million over five years in exploration.
Other Sunridge Gold Corp articles
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02/10/09 Sunridge Gold Closes Definitive Exploration Agreement with Antofagasta
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23/09/09 Sunridge Gold Corp. - Begins New Drill Programme at Asmara Project, Eritrea
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16/09/09 Sunridge Gold Corp. signs $10 million exploration funding agreement
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01/04/09 Sunridge Gold Corp’s Medrizien Prospect Yields Grab Samples Up to 319 g/t Gold
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17/02/09 Sunridge Gold Corp. – Metallurgy results indicate high potential gold recovery rates
Other Sunridge Gold Corp news
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25/02/10 Sunridge Gold expands mineralization at Debarwa deposit of Asmara project, Eritrea
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25/01/10 Sunridge Gold and Antofagasta commence drilling at Daero Paulos target
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02/12/09 Sunridge Gold's 1st results from 2009 drilling extend high grade copper zone of Debarwa deposit at Asmara, Eritrea
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16/11/09 Sunridge And Antofagasta Strengthen Ties To Explore The Asmara Copper-Gold Project
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04/11/09 Sunridge Gold expects assay results from drilling at Asmara copper-gold project in Eritrea this month
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04/09/09 Sunridge Gold in alliance with Antofagasta for Asmara project in Eritrea
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