Sunrise Resources PLC - miner focused on operations in US state of Nevada and Western Australia - Sees 25% increase in gold grades from re-analysis of the reported high-grade drill samples at its Baker's gold project in Western Australia. New reporting interval in hole 21SBRC002 shows 2 metre grading of14.4 grams per tonne gold from 64 metres downhole including 1 metre grading 26.5 grams per tonne gold.
Executive Chairman Patrick Cheetham says: "This is a pleasing result as the prime objective in conducting the re-analysis was to make sure the original analysis did not over-report the gold content due to the potential for the nugget effect. The higher values being reported today are considered to be a more accurate measure of the gold grade due to the larger sample size."
Current stock price: 0.27 pence
Year-to-date change: down 5.3%
By Paul McGowan; paulmcgowan@alliancenews.com
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Sunrise Res (SRES)