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Sunrise Resources signs new drilling contract with Boart Longyear for US project

Wed, 03rd Aug 2016 11:17

(ShareCast News) - Mineral explorer Sunrise Resources signed a new contract to drill further at its Bay State silver project in the US.The miner signed a contract with drilling supplier Boart Longyear to continue drilling for the second phase of the company's Bay State Silver project in Nevada at the end of August.Three further drill holes were planned as a follow up to the high-grade silver mineralisation found in the first phase of drilling.Two holes were planned to test the Chihuahua Vein system, which is to the south of Mining Canyon and along strike from the areas tested in the first phase, and will target the Chihuahua Vein beneath the deepest levels of the historical mine works which last produced high grade silver ore in the late 19th and early 20th centuries.Executive chairman Patrick Cheetham, said: "High-grade silver mineralisation was encountered in all three holes in our first phase of drilling on the Chihuahua Vein, so I am pleased to be announcing a contract for follow up drilling as well as a proposal for our first drill test of the parallel Lincoln Vein."Our key objective in this next phase of drilling is to demonstrate continuity of mineralisation along strike; to justify a substantial resource definition drilling programme, and a scoping study for the development of future silver mining operations".Shares in AIM-listed Sunrise Resources were down 1% to 0.208p at 1051 BST.
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15 Feb 2024 14:43

UK shareholder meetings calendar - next 7 days

Friday 16 February 
Irish Residential Properties REIT PLCEGM re removal of 5 of 9 directors
Location Sciences Group PLCGM concerning reverse takeover agreement
Red Rock Resources PLCAGM
UK Oil & Gas PLCGM re proposed capital reorganisation
Monday 19 February 
Cloudbreak Discovery PLCGM
East Imperial PLCGM re capital reorganisation
Oxford Cannabinoid Technologies Holdings PLCGM re convertible loan note agreement with Cantheon
Residential Secure Income PLCAGM
Tuesday 20 February 
abrdn Equity Income Trust PLCAGM
Carr's Group PLCAGM
Dewhurst Group PLCAGM
Duke Royalty LtdEGM re changing name to Duke Capital
Wednesday 21 February 
Foresight Sustainable Forestry Co PLCAGM
Gooch & Housego PLCAGM
Tharisa PLCAGM
Thursday 22 February 
Bankers Investment Trust PLCAGM
Narf Industries PLCAGM
RWS Holdings PLCAGM
Sunrise Resources PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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IN BRIEF: Sunrise annual loss narrows on lower costs; posts no revenue

Sunrise Resources PLC - Cheshire, England-based company focused on industrial mineral projects in Nevada - Says pretax loss narrowed to GBP391,291 in the year ended September 30, from GBP478,223 the year before. Pre-licence exploration costs fell 33% to GBP3,753 from GBP5,638. Does not report revenue for the financial year, unchanged from the previous year.

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