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Share Price: 0.065
Bid: 0.06
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Change: 0.0025 (4.00%)
Spread: 0.01 (16.667%)
Open: 0.0625
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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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3 Sep 2018 09:07

Sunrise Resources sends off bulk samples for commercial testing

(Sharecast News) - Sunrise Resources has completed the mining of two bulk samples for commercial scale testing.

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24 Jul 2018 16:17

Sunrise Resources Raises GBP400,000 Via Placing To Move On CS Project

LONDON (Alliance News) - Sunrise Resources PLC on Tuesday said it raised GBP400,000 through a share placing to continue its CS pozzolan-perlite project development in Nevada, US.The miner a

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11 Jun 2018 12:22

Block Energy Floats On AIM Market In Hope To Increase Production (ALLIPO)

LONDON (Alliance News) - Block Energy PLC said Monday that its shares started trading on AIM market as the company hopes to increase oil production.The oil and gas exploration company on it

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4 Jun 2018 11:18

Sunrise Resources Agrees On Potential Perlite Sales From CS Project

LONDON (Alliance News) - Sunrise Resources PLC on Monday said it signed a second non-binding agreement which could lead to the sales contract for perlite from the CS Pozzolan-Perlite project in US

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21 May 2018 17:27

Sunrise Resources Interim Loss Widens, But Plans First Output In 2019

LONDON (Alliance News) - Sunrise Resources PLC on Monday said its loss narrowed in the first half of current financial year, as it continues to push ahead its mine development in Nevada, company a

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27 Apr 2018 10:45

WINNERS & LOSERS SUMMARY: RBS Slides On Pending US DoJ Penalty

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - LOSERS----------Royal Bank of a

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27 Apr 2018 08:50

Sunrise Resources Shares Rise As It Moves Closer To First Perlite Deal

LONDON (Alliance News) - Shares in Sunrise Resources PLC surged early Friday as it signed a memorandum of understanding which could lead to the first sales contract for perlite from the CS project

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19 Apr 2018 14:31

Sunrise Resources See "Positive" Results From Baker's Gold Exploration

LONDON (Alliance News) - Sunrise Resources PLC said Thursday that the recent exploration at its gold project in Australia has returned positive samples.However individual veins were and so

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2 Apr 2018 10:48

India's sugar surplus set to rise as output to reach a record this year - assoc

* Sugar surplus to rise to 5.3 mln T for 2017/18 crop year - WISMA * Surplus above previous estimate of 4.5 mln T from national assoc. By Rajendra April 2 (Reuters) - sugar surplus a

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27 Mar 2018 14:37

Sunrise Resources Submits Samples For Perlite And Pozzolan Testing

LONDON (Alliance News) - Sunrise Resources PLC said Tuesday it has completed drill sample compositing and all composites have now been submitted for perlite and pozzolan as of

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20 Mar 2018 10:14

UPDATE 1-India scraps sugar export tax to boost exports, cut inventory

* India to find it difficult to export sugar without incentives * Rival supplies from Pakistan offered at $340 a tonne * at a

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14 Feb 2017 11:37

Sunrise Resources' shares dive as EP Minerals quits lease

(ShareCast News) - Shares in Sunrise Resources are down almost 13% after the AIM-quoted company said EP Minerals, LLC gave unexepected notice to terminate its lease of the County Line Diatomite claims. The claims are in Nevada, USA. Sunrise said the receipt of notice was unexpected as EP Minerals

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1 Feb 2017 17:11

Sunrise Resources Issues Shares To Tertiary Minerals For Fee Payment (ALLISS)

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25 Jan 2017 11:51

Sunrise commissions concept study at Nevada pozzolan project

(ShareCast News) - Diversified mineral exploration and development company Sunrise Resources advised the market of the commissioning of a concept study on Wednesday, for the development of its CS natural pozzolan project in Nevada and to provide further details of the work programme proposed for the

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22 Dec 2016 11:23

Sunrise Resources upbeat on Pozz Project test results

(ShareCast News) - Sunrise Resources said first test results from the CS Deposit are excellent and that it looks forward to progressing the commercial aspects of the Pozz Project in 2017. The Pozz Project comprises two separate mineral deposits -- the CS and Pozz Ash Deposits -- in different parts o

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