Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSunrise Resources PLC Regulatory News (SRES)

Share Price Information for Sunrise Resources PLC (SRES)

Share Price is delayed by 15 minutes
Get Live Data
0.023    0.00 (0.00%)
Bid:
0.021
Ask:
0.025
Spread: 0.004 (19.048%)
Market Cap: £2.16m
SRES Live PriceLast checked at - London Stock Exchange

Intraday Sunrise Resources PLC Share Chart

Drill programme completed

22 Dec 2010 07:00

RNS Number : 4053Y
Sunrise Resources Plc
22 December 2010
 



 

 

 

22 December 2010

 

 

FIRST DRILL PROGRAMME COMPLETED AT LONG LAKE GOLD PROJECT, SUDBURY, CANADA

 

Sunrise Resources plc ("Sunrise" or "the Company"), the AIM-quoted diversified mineral exploration and development specialist, is pleased to announce that it has now completed a first phase of drilling at its Long Lake Gold Project near Sudbury in Ontario, Canada. Past production of 56,000 ounces of gold at the high grade of 11 grammes per tonne gold was recorded at this project before mine closure in 1939.

 

Details of the programme were set out in the Company's news release dated 10 November 2010. All 6 of the pre-planned drill holes were completed successfully to test for extensions of mineralisation around and below the existing mine workings; a further 3 holes were completed to test other areas of interest identified by the Company's prospecting activities during the summer.

 

The programme of geophysical surveying also referred to in the above mentioned news release is also complete and was extended to include surface and down-hole surveying at Anomaly 23.

 

Drill core continues to be submitted for analysis and the results of the drilling and geophysics are expected during January 2011.

 

----------------------------------------------------------------------------------------------------------------------------

Further information:

 

Sunrise Resources plc Tel: +44 (0)1625-505947

Patrick Cheetham, Executive Chairman Mobile: +44 (0)7767 458751

www.sunriseresourcesplc.com

 

Northland Capital Partners Limited Tel: +44 (0)20 7492 4750

Gavin Burnell or Charles Vaughan (Broking)

 

Yellow Jersey PR Tel: +44 (0)20 8980 3545

Dominic Barretto

 

 

 

Notes to Editors:

 

About the Long Lake Project

 

The Company holds a three year option, effective 5 May 2010 to acquire the Long Lake claim group located to the south-west of Sudbury. The claims are being explored for gold and also for nickel-copper-platinum group elements.

 

Since 1883 the Sudbury mining field has accounted for over 25% of the world's total nickel production and new discoveries continue to be made. It is the most productive nickel-mining field in the world with over 1.7 billion tonnes of past production, reserves and resources. Nickel-copper-and platinum group metals ("PGM") bearing sulphide minerals occur in and around a 60 km by 27 km elliptical igneous body called the Sudbury Igneous Complex ("SIC").

 

The claims include a potential 10km extension to producing Copper Cliff offset dyke system prospective for nickel-copper-platinum group metals, where, north of the Company's Property, the producing Copper Cliffs South mine and the Copper Cliff North mine have yielded over 200 million tonnes of ore and Vale Inco Limited's Clarabelle Mill, Copper Cliff Smelter and Copper Cliff Nickel Refinery are located in close proximity.

 

The Long lake gold mine in the SW corner of the claim block produced 57,000 ounces of gold from over 200,000 tonnes of ore mined in the periods 1910-1916 and 1932-1939 from a 50m diameter open glory-hole developed on a plunging pipe-like zone of disseminated gold and strongly sulphide mineralised sedimentary rock down to a depth of just 55m from surface.

 

The Company may acquire a 100% interest in the Property by making staged payments totalling Can $575,000 over a three year period, by meeting exploration expenditures of Can $500,000 in that period and by issuing up to 5,000,000 five year share warrants exercisable at 0.675p per share. The vendor retains a 3% NSR on the property of which 2% may be purchased by the Company at any time for the sum of Can$3 million.

 

Various maps and images illustrating some of the features discussed in this release are available on the Company's website at http://www.sunriseresourcesplc.com/longlake_project.html

 

 

About Sunrise Resources

 

Sunrise Resources plc was formed to acquire the diamond exploration interests of Tertiary Minerals plc in 2005. Since then the Company has made a number of new kimberlite discoveries in Finland and expanded its portfolio of diamond exploration interests to include a new project near Cue in Western Australia.

 

In 2009 the Company made a strategic decision to diversify its project interests and has since acquired interests in the Long Lake Project as well as the Derryginagh Barite mine in south-west Ireland. Derryginagh was worked for barite from 1864-1922, supplying white barite to the local paint industry. Barite, the mineral form of the chemical barium sulphate, is used as a high-value industrial filler in, for example, paint plastics, brake linings and acoustic panels. The Company is targeting a modest scale mining operating at Derryginagh that could, in time, produce a valuable cash flow for the Company.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DRLKKDDPOBDDNBB
Date   Source Headline
14th Feb 202511:00 amRNSANNUAL REPORT & NOTICE OF 2025 AGM
13th Feb 20251:27 pmRNS-RUPDATED WEBSITE, PRESENTATION & CEO INTERVIEW
13th Feb 20259:46 amRNSUpdate - Pioche Sepiolite Project
13th Feb 20259:08 amRNSFinal Results
27th Dec 20243:58 pmRNSPioche Sepiolite Project – Tolsa Option
16th Dec 20249:29 amRNSCS PROJECT BULK SAMPLE – CUSTOMER TRIALS
5th Dec 20247:00 amRNSUPDATE ON THE COMPANY’S NATURAL POZZOLAN PROJECTS
2nd Dec 202410:12 amRNSTotal Voting Rights
27th Nov 20247:00 amRNSSALE OF CROW SPRINGS DIATOMITE CLAIMS
13th Nov 20244:28 pmRNSIssue and Allotment of Shares following Conversion
26th Sep 20247:00 amRNSReese Ridge Zinc-Lead-Silver (-Gallium) Project
2nd Sep 20249:17 amRNSTotal Voting Rights
19th Aug 20243:54 pmRNSIssue of Equity and Total Voting Rights
13th Aug 20247:00 amRNSExploration Update – Pioche Sepiolite Project
1st Aug 20247:00 amRNSTotal Voting Rights
15th Jul 202412:27 pmRNSHolding(s) in Company
12th Jul 20245:33 pmRNSHolding(s) in Company
12th Jul 202411:00 amRNSDrill Start – Pioche Sepiolite Project
1st Jul 20249:24 amRNSPlacing & Subscription to Raise £201,500 & TVR
3rd Jun 20247:00 amRNSTotal Voting Rights
30th May 202411:14 amRNSHalf-year Report
29th May 20247:00 amRNSPioche Sepiolite Project, Nevada, USA
24th May 20243:00 pmRNSIssue of Ordinary Shares following Conversion
24th May 20247:00 amRNSCrow Springs Diatomite Project Update
16th May 20249:54 amRNSGarfield Royalty Interest
2nd Apr 20247:00 amRNSSALE OF DIATOMITE CLAIMS
28th Mar 20247:00 amRNSTotal Voting Rights
7th Mar 202411:20 amRNSDIRECTOR DEALING
5th Mar 20247:00 amRNSIssue of Shares following Conversion & TVR
29th Feb 202410:11 amRNSTotal Voting Rights
23rd Feb 202412:27 pmRNSDIRECTOR DEALING, ISSUE OF EQUITY & TVR
23rd Feb 202411:35 amRNSVoting at AGM
22nd Feb 202412:32 pmRNSResult of AGM
26th Jan 202410:00 amRNSANNUAL REPORT AND NOTICE OF 2024 AGM
24th Jan 20247:00 amRNSFinal Results
18th Jan 20247:00 amRNSPioche Sepiolite Project
27th Dec 202310:31 amRNSPioche Sepiolite Project
4th Dec 20231:55 pmRNSGarfield Royalty Interest
1st Dec 20237:00 amRNSInvestor Presentation
22nd Nov 20239:51 amRNSResult of Meeting
7th Nov 20237:00 amRNSProposed Sub-Division of Share Capital
31st Oct 20237:00 amRNSReese Ridge Zinc-Lead-Silver (-Gallium) Project
27th Sep 20237:00 amRNSPioche Project Update
15th Sep 20237:00 amRNSMarket Study and Pozzolan Project Update
31st Aug 20236:09 pmRNSTotal Voting Rights
11th Aug 202312:51 pmRNSIssue of Shares following Conversion & TVR
11th Aug 202312:45 pmRNSISSUE OF WARRANTS
3rd Aug 20234:20 pmRNSHolding(s) in Company
25th Jul 20237:00 amRNSPioche Resource Drilling Programme in Progress
4th Jul 202312:38 pmRNSIssue of Equity & TVR

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.