Sunrise Res Share News (SRES)

(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.