Sunrise Resources Plc Update-Bay State Project Drill Programme (5147Y)
09 September 2015 - 11:00AM
UK Regulatory
TIDMSRES
RNS Number : 5147Y
Sunrise Resources Plc
09 September 2015
9 September 2015
SUNRISE RESOURCES PLC
("the Company")
Update - Bay State Silver Project Drill Programme
Sunrise Resources plc, the AIM-traded diversified mineral
exploration and development company, is pleased to provide an
update on the progress of the Phase 1 drilling programme on its Bay
State Silver Project in Nevada, USA.
The Phase 1 drill programme, comprising three holes for a total
of 500m, started on 24 August, as previously advised, and was
expected to last for two weeks with assay results expected six
weeks after completion. The drill programme is now expected to
extend for one further week due to technical challenges posed by
the steep terrain. Notwithstanding this, the programme is
proceeding well with excellent core recoveries being achieved.
The timeframe for receipt of assay results may consequently be
extended by one week.
Further information
Sunrise Resources plc
Patrick Cheetham Tel: +44 (0)845 868 4590
Executive Chairman
----------------------------- ---------------------------
Northland Capital Partners
Limited Tel: +44 (0)207 382 1100
Edward Hutton/David Hignell
John Howes/Mark Treharne
(Broking)
----------------------------- ---------------------------
Yellow Jersey PR Limited
Dominic Barretto/Kelsey Tel: +44 (0)7768 537 739
Traynor
----------------------------- ---------------------------
About the Bay State Silver Project
The Bay State Silver Project is located on the west flank of the
Newark Valley in Eastern Nevada, 15km due east of the County town
of Eureka. It was acquired by the Company in September 2014 and
further claims were recently added to the project.
The mine was worked for silver in the 1870s and again in the
1900s when mining focused on two main NW-SE striking vein sets
hosted within limestone. The largest workings are on the Chihuahua
and Buckeye State Patents which together cover a strike length of
some 900m and extend north and south of Mining Canyon along the
Chihuahua Vein System. Two shafts were sunk on the border between
these two patents, near the floor of the canyon, and are reported
to extend to a depth of 120m with production mainly from extensive
stopes above the 60m level. The Chihuahua Vein dips steeply to the
west.
In the 1940s tungsten mineralisation was reportedly discovered
in the upper workings of the Chihuahua Adit and was worked during
the war years providing tungsten for the war effort. The tungsten
was reported to occur as a replacement mineralisation within
limestone beds.
The Company first acquired rights to the Bay State Silver
Project in late 2014 and has since completed a number of surface
and underground sampling programmes
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 has diamond and gold exploration interests in
Western Australia and has staked claims and acquired leases over a
number of projects in Nevada, USA, most recently at the Junction
Gold Project.
The Company also holds diamond exploration interests in Finland
and a white barite project in South-West Ireland.
Shares in the Company trade on AIM. EPIC: "SRES"
www.sunriseresourcesplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
DRLKMGGLRLVGKZG
(END) Dow Jones Newswires
September 09, 2015 05:00 ET (09:00 GMT)
Sunrise Diamonds (LSE:SDS)
Historical Stock Chart
Von Sep 2024 bis Okt 2024
Sunrise Diamonds (LSE:SDS)
Historical Stock Chart
Von Okt 2023 bis Okt 2024