Sunrise Res Regulatory News (SRES)

4 Jan 2006 10:52

Sunrise Diamonds PLC04 January 2006 www.sunrisediamonds.com 4 January 2006 SUNRISE DISCOVERS NEW KIMBERLITE IN KUUSAMO CLUSTER • Latest Find Results From Follow-Up Drilling Of Geophysical Anomaly • Drilling Extends Minimum Width Of Anomaly 45 Kimberlite To 45m • On-Going Ground Geophysics, Till Geochemistry And Drill Testing Sunrise Diamonds plc ("Sunrise") is pleased to announce that follow-up drillingclose to the site of its Anomaly 45 kimberlite at Kuusamo in northern Finlandhas resulted in a new kimberlite discovery. The new discovery was made during drill testing of a geophysical anomaly 200metres away from Anomaly 45 kimberlite. Hole number 45-07-05 was drilled in lateDecember and intersected 4.4 metres of kimberlite within granite from 12.2-16.6metres depth down-hole. The recent short drilling programme was intended primarily to test the extent ofthe Anomaly 45 kimberlite, where micro-diamonds were recently recovered (seeNews Release of 13 October, 2005) and to investigate the potential forhigher-grade phases. A northeast-southwest traverse across Anomaly 45 kimberlitesuggests a minimum width of 45 metres for this kimberlite in this direction withboth diatreme and hypabyssal phase kimberlite indicated from preliminarylogging. The northwest-southeast extent of the kimberlite is not yet defined.Detailed logging and sampling of drill core from Anomaly 45 and the latest newkimberlite discovery will be carried out by diamond specialists at theGeological Survey of Finland ("GTK") in mid-January, with further micro-diamondresults expected by mid-March. A programme of magnetic and electromagnetic ground geophysics totallingapproximately 300 line-kilometres is ongoing and forms part of a systematicinvestigation by Sunrise of numerous priority targets in the Kuusamo cluster.The survey includes a detailed survey around Anomaly 45 and 47 kimberlites andthe latest kimberlite discovery. The GTK, on behalf of Sunrise Diamonds, recently completed detailed tillsampling at several sites as a follow-up to the identification last summer ofkimberlite indicator mineral trains containing diamond-diagnostic G10 pyropegarnets, kimberlitic ilmenites, chrome diopsides and chromites. Encouragingpreliminary results have been received from picking of heavy mineralconcentrates, with definitive data from microprobe chemical analysis ofkimberlite indicator grains expected in early January. Commenting today, Sunrise Chairman, Mr Patrick Cheetham, said: " We are verypleased to find another kimberlite body at Kuusamo so soon after the nearbyAnomaly 45 and 47 discoveries. This suggests that kimberlite emplacement in thisparticular area of the Kuusamo cluster is likely to be more extensive than wefirst imagined and we are looking forward to resuming exploration now that thefestive break is behind us." Further Info: Patrick Cheetham, Sunrise Diamonds plc. Tel: +44 (0)1625-505947.Mob: +44 (0)7767-458751 John Greenhalgh/Ron Marshman, City of London PR Ltd. Tel: +44 ( 0)20-7628-5518 This information is provided by RNS The company news service from the London Stock Exchange