Sunrise's Subsidiary Amalgamates with Northland Metals
31.07.2013 | FSCwire
![Sunrise's Subsidiary Amalgamates with Northland Metals](https://www.goldseiten.de/media/goldseiten-news.jpg)
Northland spent approximately $560,000 on an exploration program in 2011/12 on the Timothy Property, including in particular a Titan 24 DC induced polarization geophysical survey carried out by Quantec Geoscience Ltd. The survey produced exciting new results and identified multiple drill targets. As previously announced, Sunrise intends to spend a portion of its recent private placement proceeds on diamond drilling approximately 600 metres on the Timothy Property.
For further information, please contact:
Sunrise Resources Ltd.
Responsible Officer: Irvin Eisler, CEO
Telephone: (250) 546-6559
Email: i_eisler@telus.net
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements relating to partial use of the proceeds of the Private Placement on diamond drilling the Company's Timothy Property. Important factors that could cause actual results that may differ materially from the Company's expectations are management's discretion to reallocate the proceeds of the Private Placement and adjust the exploration plans for its properties.
The Company cannot guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will only update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.