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Additional Information
Market: TSX-V
Sector: Gold Mining
EPIC: SGC
Latest Price: 0.67  (-2.90% Descending)
52-week High: 1.18
52-week Low: 0.33
Market Cap: 78.51M
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Sunridge Gold
www.sunridgegold.com

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.

Full Sunridge Gold profile here
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Sunridge Gold and Antofagasta commence drilling at Daero Paulos target

25th Jan 2010, 2:24 pm

Sunridge Gold (TSX-V: SGC) confirmed this morning that a 2,000 meter Phase 1 drill program has commenced at Daero Paulos, a copper prospect on the Asmara Project, Eritrea.


The Daero Paulos target is part of an exploration agreement with Antofagasta (LSE: ANTO) which was completed on October 2, 2009. Antofagasta is funding US$10 million of exploration work over a 5-year period to earn a 60% interest in the Asmara Project. Antofagasta is a constituent of the FTSE-100 Index, with interests in mining, transport and water distribution predominately in South America.


“Daero Paulos is a large area of intense alteration measuring approximately 500 meters wide and 2.5 kilometers long, that has recently been subject to detailed geological mapping by Antofagasta and Sunridge geologists,” the company reported. “The target has not been previously drilled and is located about 10 kilometers southwest of the capital city of Asmara with good access by asphalt and dirt roads.”


The 2,000 meter program will consist of 6 diamond drill holes completed to a depth of approximately 300 meters.

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