Sunrise Resources Plc Project Updates (4112F)
July 27 2016 - 8:00AM
UK Regulatory
TIDMSRES
RNS Number : 4112F
Sunrise Resources Plc
27 July 2016
SUNRISE RESOURCES PLC
27 July 2016
Project Updates
Sunrise Resources plc (ticker symbol 'SRES'), the AIM-traded
diversified mineral exploration and development company ("the
Company"), is pleased to provide the following project updates.
New Project, Nevada
The Company has staked 15 claims (SW1-15) over the Stonewall
epithermal gold prospect in the Goldfield area of the Walker Lane
Mineral Belt as an addition to the gold-and silver project
portfolio it is building in its 100% owned Westgold Inc.
subsidiary.
The Stonewall claims have been staked to cover a large vein
structure showing epithermal vein textures commonly associated with
gold and silver mineralisation. The Company is currently
researching historical exploration results from the area and will
release a further update when this becomes available.
Baker's and Corona Gold Projects, Australia
The Company has carried out an internal review of project
priorities in Australia and has decided to focus on its Baker's
Gold Project and consequently has surrendered its Corona Gold
Project, Exploration Licence (E51/1586), ahead of the next annual
rental payment.
The Company carried out soil sampling programmes at Corona and
Baker's in 2014 and 2015 and whilst low level anomalies were
identified at Corona they are considered to be a lower priority for
follow up compared to the significant gold in soil anomaly found at
Baker's. This anomaly occurs at the Dicky Lee Prospect where
alluvial and secondary nugget gold specimens have also been found
by recreational and professional prospectors.
The Company will seek a joint venture partner to test the
drill-ready targets at Baker's.
Further information:
Sunrise Resources plc
Patrick Cheetham, Executive Chairman Tel: +44 (0)1625 838 884
Northland Capital Partners Limited
Nominated Adviser & Broker
Edward Hutton/David Hignell
John Howes/Rob Rees Tel: +44 (0)20 3861 6625
Beaufort Securities Limited
Joint Broker
Jon Belliss Tel: +44 (0)20 7382 8300
Notes:
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No.596/2014 of the European
Parliament and of the Council.
The information in this release has been compiled and reviewed
by Mr. Patrick Cheetham (MIMMM, MAusIMM) who is a qualified person
for the purposes of the AIM Note for Mining and Oil & Gas
Companies. Mr. Cheetham is a Member of the Institute of Materials,
Minerals & Mining and also a member of the Australasian
Institute of Mining & Metallurgy.
Notes to Editors:
About Sunrise Resources plc
Sunrise Resources plc is an AIM-traded diversified mineral
exploration and development company. The Company's objective is to
develop profitable mining operations to sustain the Company's wider
exploration efforts and create value for shareholders through the
discovery of world-class deposits.
The Company is exploring a number of precious metal, base metal
and industrial mineral projects in Nevada, USA. The Company holds a
royalty interest from EP Minerals in a diatomite project in Nevada
and holds a white barite project in South-West Ireland. The Company
also holds diamond and gold exploration interests in Western
Australia.
Shares in the Company trade on AIM. EPIC: "SRES"
Website: www.sunriseresourcesplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
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July 27, 2016 09:00 ET (13:00 GMT)