Field Work Underway on the Asmara Project, Eritrea
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Vancouver, British Columbia (FSCwire) - Sunridge Gold Corp. (the “Company” or “Sunridge”) (SGC: TSX.V/SGCNF: OTCQX) is pleased to provide an update on current field work activities on the Asmara copper/zinc/gold/silver project in Eritrea. These activities are related to both exploration and preparation work for development of the mine site.
The Asmara Project is held by the Asmara Mining Share Corporation (“AMSC”) a joint-venture company of which Sunridge owns 60% and the Eritrean National Mining Company (“ENAMCO”) owns 40%. The project consists of six defined deposits, four of which were the subject of a feasibility study completed in May 2013 and are currently in the permitting process.
Exploration Work
Current exploration work is focused on the two “pipeline” deposits on the Asmara Project; the Kodadu volcanogenic-massive-sulphide (“VMS”) deposit and the Adi Rassi copper-gold deposit. Both deposits have Inferred mineral resources and are open for expansion. Details of the current resources can be seen at the end of this news release. The goal of the current field work is to define new areas of mineralization and to direct additional expansion drilling planned for next year.
Current exploration work on the Kodadu and Adi Rassi deposits is comprised of the following:
Kodadu
- Channel and trench sampling of the VMS gold oxide and gold shear zones at surface
- Detailed geological and structural mapping over the current VMS resource and the gold shear zone recently identified to the west
- Geophysical work consisting of an AMT (audi-magneto-telluric) survey to define the massive sulfide at depth below the known VMS gossans exposed at surface, as well as other identified VMS style targets to the northeast which are coincident with both high gravity anomalies and strong electro-magnetic conductors. .
Adi Rassi
- Detailed geological and structural mapping at 1:500 scale
- Trenching and channel sampling of surface exposed mineralization to the south of the existing resource
- AMT survey lines to define the VMS-style mineralization to the west of Adi Rassi
Early Development work
The Asmara Project feasibility study mining operations plan includes an abstraction weir and reservoir built on the nearby Mai Bela River (Mai Bela Abstraction Weir or “MBAW”) which will provide water to the centralized processing facility near the large Emba Derho deposit.
Geotechnical field work is underway at the site of the MBAW. This work consists of detailed geotechnical and geological mapping, geotechnical sample collection for laboratory testing and surveying of an access road and staging area.
QUALIFIED PERSON
Michael Hopley, President and CEO of Sunridge Gold Corp. is the Company's Qualified Person responsible for the contents of this press release and has reviewed the information in the release and confirmed that it is consistent with that provided by the independent Qualified Person responsible for the each of the Kodadu and Adi Rassi resources.
About Sunridge:
Sunridge is a mineral exploration and development company focused on the acquisition, exploration, discovery and development of base and precious metal projects on the Asmara Project in Eritrea. Sunridge currently has approximately 210 million shares outstanding and trades on the TSX Venture Exchange under the symbol SGC. For additional information on the Company and its projects please view the slide show on our website at www.sunridgegold.com or call Greg Davis at the number listed below.
“Michael Hopley” | For further information contact: |
Michael Hopley, President and Chief Executive Officer | Greg Davis, VP Business Development |
Email: greg@sunridgegold.com Tel: 604-688-1263 (direct) |