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Sunrise Resources posts positive update on Bay State project

Tue, 08th Nov 2016 16:09

(ShareCast News) - Mineral exploration and development company Sunrise Resources posted a summary of progress to date on its priority Bay State Silver Project on Tuesday.The AIM-traded firm said historical production was focused on Chihuahua Vein, with significant production including direct shipping ores up to 7,200 g/t silver.It said surface samples of vein material left behind by old miners average 387 grammes/tonne silver along a 280 metre strike length of the Chihuahua vein system.Underground sampling returned bonanza values of up to 4kg/tonne silver within replacement style mineralisation at end of adit over 61cm.It also returned over 1kg/tonne silver average for 18 samples along 230m strike length to end of adit.Surface and underground sampling together suggest a 500m minimum strike length for drill targeting, the board said, with five holes drilled to date on Chihuahua vein system.Three holes hit high grade silver mineralisation, including 1,460 g/t silver over 0.2m from 164.13m in Hole 15SRDD002, 566 g/t silver over 0.5m from 70.71m in Hole 15SRDD001, and 503 g/t silver over 1.4m from 185.32m in Hole 15SRDD003.A fourth hole demonstrated the continuity of the Chihuahua vein system at 300m below surface, with the board saying further drilling was provisionally scheduled for spring 2017."The company has achieved significant progress at Bay State on a limited budget," said executive chairman Patrick Cheetham."Through surface and underground sampling on the Chihuahua vein we have demonstrated high silver grades over a strike length of around 500m and have confirmed the occurrence of bonanza grades that supported historical production of direct smelter feed grades in the past.Cheetham said the company has drilled five holes so far on the Chihuahua vein, three have hit high grade silver mineralisation and one has demonstrated continuity of the vein system at a depth of 300m below surface."That's an excellent strike rate and we have been successful in predicting the location of the Chihuahua Vein in all but one hole."This success was underpinned by careful and systematic sampling, and planning which is continuing."Cheetham explained that due to the high cost of drilling in winter, it is proposed that follow-up drilling be scheduled for spring."This is likely to include further drill testing along strike south of Mining Canyon and deeper drilling beneath the existing high grade drill intersections obtained north of Mining Canyon."
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15 Sep 2023 11:30

IN BRIEF: Sunrise eyes rise in US cementitious material consumption

Sunrise Resources PLC on Friday - Cheshire, England-based company focused on industrial mineral projects in Nevada - Says it expects US consumption of supplementary cementitious materials to rise by 10% per year to 154 million tonnes by 2030 from 129 million in 2021, following a market study to examine cement markets in the states of California and Nevada. Eyes output of natural pozzolan to increase substantially in California and Nevada.

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25 Jul 2023 13:26

IN BRIEF: Sunrise Resources says definition drilling at Pioche underway

Sunrise Resources PLC - Cheshire, England-based company focused on industrial mineral projects in Nevada - Says resource definition drilling is underway at its Pioche sepiolite project. Says programme is set to drill 24 holes at an average depth of approximately 50 feet. Adds sepiolite producer and subsidiary of Spain-based Tolsa SA, Tolsa USA, has the option to purchase the Pioche project for USD1.3 million no later than December 28. Sunrise Resources would retain 3% revenue royalty on production from the project area should Tolsa purchase the Pioche project.

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29 Jun 2023 11:58

Sunrise Resources follows up on surprisingly high zinc at Nevada asset

(Alliance News) - Sunrise Resources PLC on Thursday said it revisited its high grade zinc sample site at its Reese Ridge project in Nevada, US, after previously recording 15.9% of high-grade zinc content.

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12 Jun 2023 13:27

Sunrise Resources asset receives US drilling approvals ahead of sale

(Alliance News) - Sunrise Resources PLC on Monday said Tolsa USA Inc received approvals from the US Bureau of Land Management for its planned resource definition drill programme.

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5 Jun 2023 12:24

IN BRIEF: Sunrise expects GBP200,000 investment from US investor

Sunrise Resources PLC - Cheshire, England-based company focusing on the development of its three key Nevada based industrial mineral projects - Expects to receive a second investment in next week of GBP200,000 from Towards Net Zero LLC. Towards Net Zero is a US-based institutional investor focused on the green economy. This second convertible security will have a term of 24 months. It will not be subject to quarterly repayments.

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31 May 2023 14:11

IN BRIEF: Sunrise Resources says 2023 may prove "pivotal" for cement

Sunrise Resources PLC - mineral project developer in US state of Nevada - Loss for the six months ending March 31 narrows slightly to GBP145,911 from GBP153,323 a year before. Has no operating revenue in either period. Sunrise says its CS pozzolan-perlite project in Nevada is shovel-ready, and the company has a first-mover advantage. Test mining for its Hazen pozzolan project in Nevada is complete, it says, and the pozzolan is free digging. Sunrise says it expects to secure additional funding when required to continue meeting corporate overheads and exploration costs for the foreseeable future.

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26 Apr 2023 16:52

TRADING UPDATES: Capital Metals to appeal Sri Lanka mining suspension

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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15 Mar 2023 15:36

TRADING UPDATES: SigmaRoc Sweden boost; Mosman's Cinnabar-1 success

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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15 Mar 2023 14:17

Sunrise stakes 27 claims to create new project

(Sharecast News) - Nevada-focussed industrial minerals developer Sunrise Resources has staked 27 new mining claims adjacent to its Ridge Limestone Project, it announced on Wednesday.

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17 Feb 2023 12:16

Sunrise Resources continues engaging with potential CS partners

(Alliance News) - Sunrise Resources PLC on Friday said it is continuing to speak with multiple potential partners for the CS natural pozzolan-perlite project in the US state of Nevada.

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10 Feb 2023 15:48

UK shareholder meetings calendar - next 7 days

Monday 13 February 
Cellular Goods PLCAGM
Tuesday 14 February 
Tui AGAGM
Wednesday 15 February 
Barkby Group PLCAGM
Blencowe Resources PLCAGM
Circle Property PLCEGM re capital reduction and shares capitalisation
GCP Infrastructure Investments LtdAGM
Helium One Global LtdAGM
JPMorgan Asia Growth & Income PLCAGM
Petro Matad LtdAGM
Thursday 16 February 
Belluscura PLCGM re share placing agreement
Benchmark Holdings PLCAGM
Devro PLCGM and Court Meeting to agree on a new cash acquisition
SSP Group PLCAGM
Friday 17 February 
Sunrise Resources PLCAGM
  
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9 Jan 2023 16:52

TRADING UPDATES: Equals buys Roqqett; Aviva reappoints DWF

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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21 Dec 2022 12:56

Sunrise jumps on Tolsa's recent work at Pioche

(Sharecast News) - Sunrise Resources said on Wednesday that Tolsa USA had reported positive results from its October trenching programme, its strategy for further evaluation work, and its decision to continue the option period to acquire the company's Pioche Sepiolite Project in Nevada.

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21 Dec 2022 10:55

Sunrise Resources jumps on USD1.3 million purchase option extension

(Alliance News) - Sunrise Resources PLC on Wednesday said Tolsa USA Inc will pay USD50,000 to continue the option to purchase the company's Pioche Sepiolite project in the US state of Nevada.

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13 Dec 2022 11:30

Sunrise Resources makes loss, but purchase options remain promising

(Alliance News) - Sunrise Resources PLC on Tuesday recorded a full-year loss, as mining projects continue to develop.

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