Email Facebook Twitter

Exclusive: Hayden Locke, CEO Emmerson plc, a low cost high margin potash investment
Richard Slape, Oil consultant - Avoiding Losers and Picking Winners, his personal strategy

Alliance News

Sunrise Resources Partner Set To Begin Drilling At Junction Project

Wed, 7th Nov 2018 17:34

LONDON (Alliance News) - Sunrise Resources PLC said Wednesday investee VR Resources Ltd is making field preparations for a first pass diamond drill programme at the Junction copper-silver-gold project located in the US state of Nevada.

Sunrise holds an interest in the project after selling it to VR Resources. As part of the transaction, Sunrise is owed further shares in VR Resources, if a drill programme is conducted.

VR Resources has received final approvals for required drill permits, a drill contract has been executed, and start-up is planned for later this month.

"I am pleased that VR is shortly to commence its drill programme, an event that will trigger a further issue of shares to Sunrise. Whilst our focus remains firmly on developing the CS Project in Nevada, this news is a useful reminder of the value that we have built up in our wider portfolio of drill stage exploration projects," said Sunrise Executive Chairman Patrick Cheetham.

One drill target, Denio Summit, occurs wholly within Sunrise's area of interest shows a series of mineralized quartz-feldspar granite dykes and gold-bearing quartz veins at surface along a 1.5 kilometre trend.

Shares in Sunrise Resources closed up 5.8% Wednesday at 0.16 pence each.

By Paul McGowan;

Copyright 2018 Alliance News Limited. All Rights Reserved.

Alliance News

Back to Alliance News

Share Price, Share Chat, Stock Market news at
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.