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09/12/2013

Sunridge Gold says fundraiser provides validation of the quality of its flagship asset

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Additional Information
Market: TSX-V
Sector: Gold Mining
EPIC: SGC
Latest Price: 0.15  (-19.44% Descending)
52-week High: 0.30
52-week Low: 0.13
Market Cap: 30.44M
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Sunridge Gold
www.sunridgegold.com
Sunridge Gold Corp. (SGC-TSX-V) is focused on exploration and development of the Asmara copper-zinc-gold-silver Project in Eritrea and has now defined six NI 43-101 deposits on the Project.

A Feasibility Study on the 4 advanced projects on the Asmara Project was completed in May 2013, which demonstrated very strong economics; NPV (10%) = $692 million, IRR = 34%. The Feasibility Study outlined a robust mining plan with a 3 phase staged start-up with Phase 1 production beginning in 2015 and Phase 3 (Full Production) achieved in 3 years.