Last checked at 30 Aug 2016 14:00
SUNRISE RESOURCES PLC
30 August 2016
Bay State Silver Project - Drill Start
Sunrise Resources plc (ticker symbol 'SRES'), the AIM-traded diversified mineral exploration and development company ("the Company"), is pleased to announce a date for the start of the second phase of drilling at its Bay State Silver Project in Nevada.
HIGHLIGHTS:
· Drill programme to commence on Tuesday 7th September; expected duration 2 weeks.
· Three drill holes planned as follow up to high-grade silver mineralisation found in Phase 1 drilling.
· Two holes to test Chihuahua Vein south of Mining Canyon and beneath 19th/20th Century mine workings.
· Additional hole planned as first test of Lincoln Vein System.
· Archaeological clearance work completed satisfactorily.
· Assay results expected within 6 weeks of programme completion.
· Objective 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 mining operations.
Commenting today, Executive Chairman Patrick Cheetham said: "We are pleased to be announcing a start date for drilling, and we look forward to releasing results as soon as they become available."
Further information:
Sunrise Resources plc Patrick Cheetham, Executive Chairman | Tel: | +44 (0)1625 838 884 |
Northland Capital Partners Limited Nominated Adviser & Broker Edward Hutton/David Hignell John Howes/Rob Rees
| Tel: | +44 (0)20 3861 6625
|
Beaufort Securities Limited Joint Broker Jon Belliss | Tel: | +44 (0)20 7382 8300 |
Further information on the Bay State Silver Project, including maps, photos, previous drilling results and an underground video tour of the Chihuahua Adit are available on the Bay State Project page of the Company website:
http://www.sunriseresourcesplc.com/projects/bay-state-silver-project
Notes:
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014 of the European Parliament and of the Council.
The information in this release has been compiled and reviewed by Mr. Patrick Cheetham (MIMMM, MAusIMM) who is a qualified person for the purposes of the AIM Note for Mining and Oil & Gas Companies. Mr. Cheetham is a Member of the Institute of Materials, Minerals & Mining and also a member of the Australasian Institute of Mining & Metallurgy.
Notes to Editors:
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 is exploring a number of precious metal, base metal and industrial mineral projects in Nevada, USA. The Company holds a royalty interest from EP Minerals in a diatomite project in Nevada and holds a white barite project in South-West Ireland. The Company also holds diamond and gold exploration interests in Western Australia.
Shares in the Company trade on AIM. EPIC: "SRES"
Website: www.sunriseresourcesplc.com