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Bay State Project Drill Start Confirmed

26 Aug 2015 14:00

RNS Number : 1557X
Sunrise Resources Plc
26 August 2015
 



26 August 2015 SUNRISE RESOURCES PLC

(the "Company")

 

 

DRILL START CONFIRMED AT

BAY STATE SILVER PROJECT, NEVADA

 

 

 

Sunrise Resources plc, the AIM-traded diversified mineral exploration and development company, is pleased to confirm that drilling started, on schedule, at its Bay State Silver Project in Nevada, USA.

 

As previously advised, the first phase of drilling will comprise 3 holes at 150-200m spacing for a total of approximately 500m of diamond drilling.

 

Photographs from the programme will be posted later this week and from time to time during the drill programme on the Company website at:

 

http://www.sunriseresourcesplc.com/projects/bay-state-silver-project

 

A Company presentation focused on the Bay State Silver Project and the upcoming drill programme is also available on the Company's website at:

 

http://www.sunriseresourcesplc.com/investor-media/presentations

 

The Company would also like to draw attention to the recent Proactive Investors Stocktube video interview with Company Chairman Patrick Cheetham, available at the following URL:

 

http://www.proactiveinvestors.co.uk/companies/stocktube/4076/sunrise-resources-chair-excited-by-bay-state-prospects-ahead-of-drilling-4076.html 

 

 

 

 

 

Further information:

 

Sunrise Resources plc

Patrick Cheetham, Executive Chairman

Tel:

+44 (0) 845 868 4590

Northland Capital Partners Limited

Edward Hutton/David Hignell

John Howes/Mark Treharne (Broking)

 

Tel:

+44 (0)20 7382 1100

 

Yellow Jersey PR Limited

Dominic Barretto/Kelsey Traynor

Tel:

+44 (0)7768 537739

About the Bay State Silver Project

 

The Bay State Silver Project is located on the west flank of the Newark Valley in Eastern Nevada, 15km due east of the County town of Eureka. It was acquired by the Company in September 2014 and further claims were recently added to the project.

 

The mine was worked for silver in the 1870s and again in the 1900s when mining focused on two main NW-SE striking vein sets hosted within limestone. The largest workings are on the Chihuahua and Buckeye State Patents which together cover a strike length of some 900m and extend north and south of Mining Canyon along the Chihuahua Vein System. Two shafts were sunk on the border between these two patents, near the floor of the canyon, and are reported to extend to a depth of 120m with production mainly from extensive stopes above the 60m level. The Chihuahua Vein dips steeply to the west.

 

In the 1940s tungsten mineralisation was reportedly discovered in the upper workings of the Chihuahua Adit and was worked during the war years providing tungsten for the war effort. The tungsten was reported to occur as a replacement mineralisation within limestone beds.

 

The Company first acquired rights to the Bay State Silver Project in late 2014 and has since completed a number of surface and underground sampling programmes.

 

 

About Sunrise Resources plc

 

Sunrise Resources plc is an AIM-traded diversified mineral exploration and development company.

 

The Company's objective is to develop profitable mining operations to sustain the Company's wider exploration efforts and create value for shareholders through the discovery of world-class deposits.

 

The Company has diamond and gold exploration interests in Western Australia and has staked claims and acquired leases over a number of projects in Nevada, USA, most recently at the Junction Gold Project.

 

The Company also holds diamond exploration interests in Finland and a white barite project in South-West Ireland.

 

Shares in the Company trade on AIM. EPIC: "SRES" www.sunriseresourcesplc.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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