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

Junction Project - Exploration Update

11 Jul 2018 13:55

RNS Number : 3420U
Sunrise Resources Plc
11 July 2018
 

SUNRISE RESOURCES PLC

("Sunrise" or "the Company")

 

11 July 2018

 

 VR CONTINUES SPRING EXPLORATION PROGRAMMES AT JUNCTION DRILLING TESTING PLANNED

 

Sunrise Resources plc, the AIM-traded company focusing on the development of its CS Pozzolan-Perlite Project in Nevada, USA, is pleased to provide the following exploration summary and update announced today by VR Resources Ltd ("VR") for the Junction Copper-Silver-Gold Project area in Nevada, USA, in which Sunrise holds an interest1.

 

This follows on from the discovery of high-grade copper-silver-gold mineralisation along a 6km trend as announced on 12 December 2017 and the exploration update announced on 17 April 2018.

 

Highlights:

 

VR has announced that its ongoing surface exploration this spring has strengthened the targets within the high-grade copper-silver-gold vein system at Junction as it continues to compile and synthesize new data towards the prioritisation of targets for a first-pass drill programme planned for this autumn.

VR reports the following summary update for the Denio Summit Target, which occurs wholly within the Sunrise Area of Interest1. This includes the latest exploration results from an Induced Polarisation (IP) geophysical survey and an integrated airborne magnetic and radiometric survey.

 

Denio Summit Target:

 

· 1.5km trend of surface showings of copper-silver-gold quartz veins and pegmatites;

 

· Gold enrichment in 86 soil samples on 10 lines covering 1km of the surface trend of showings;

 

· Potassium depletion anomaly approximately 800m long defined by airborne magnetic and radiometric survey coincident with the soil anomaly, and coincident with an interior low in the gravity high anomaly at the Denio Summit target. The potassium depletion and low density are indicative of mineral alteration;

 

· IP chargeability anomaly defined from surface to depth along the down-dip extension of the veins in the northern part of the trend, coincident with the gravity low, the potassium depletion zone and the strongest (widest) part of the multi-station, copper-gold-tungsten soil anomaly.

 

 

Executive Chairman Patrick Cheetham today commented: "I am pleased to see that VR is continuing its systematic exploration of this exciting property and planning a drill programme this autumn, an event that triggers a further issue of shares to Sunrise. Whilst our focus remains firmly on developing the CS Project in Nevada, this news is a timely reminder of the value that we have built up in our wider portfolio of drill stage exploration projects.

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

 

 

 

Further information

 

Sunrise Resources plc

Patrick Cheetham, Executive Chairman

Tel:

+44 (0)1625 838 884

Northland Capital Partners Limited

Nominated Adviser & Broker

Matthew Johnson/Edward Hutton/

Jamie Spotswood

John Howes/Rob Rees

 

 

Tel:

+44 (0)20 3861 6625

 

Notes:

 

1. Sunrise holds shares in VR and ongoing interests in the Junction Project which may result in additional VR shares being issued to Sunrise if certain exploration milestones are met, for example drilling and then resource estimation, and which includes a 3% royalty on any future production payable to Sunrise. Full details of the original sale agreement with VR are given in Sunrise's news release dated 30 August 2017.The ongoing interests held by Sunrise relate to the Area of Interest defined as the original 15 mining claims staked by Sunrise on the Denio Summit Target, and to all claim areas staked by Sunrise or VR within a 2-mile area surrounding these original mining claims (the Area of Interest).

 

2. The version of this news release posted on the Sunrise website will include additional illustrative maps. More complete information on the Junction property overall, including field photographs and maps, is available at the Company's website at www.sunriseresourcesplc.com

 

3. 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.

 

 

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

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
STRLLFEFDVILLIT
Date   Source Headline
4th Jun 20269:46 amRNSHALF-YEARLY REPORT 2026
6th May 20267:00 amRNSISSUE OF WARRANTS
30th Apr 20264:28 pmRNSTotal Voting Rights
23rd Apr 20263:08 pmRNSResult of WRAP Retail Offer
21st Apr 20264:00 pmRNSHolding(s) in Company
21st Apr 20267:00 amRNSWRAP Retail Offer for up to £50,000
20th Apr 20263:43 pmRNSHolding(s) in Company
17th Apr 20264:40 pmRNSHolding(s) in Company
17th Apr 20264:07 pmRNSHolding(s) in Company
17th Apr 202612:00 pmRNSHolding(s) in Company
13th Apr 202612:15 pmRNSPlacing and Issue of Equity
26th Mar 202611:16 amRNSVoting at AGM
25th Mar 202610:46 amRNSResult of AGM
23rd Mar 20261:50 pmRNSDIRECTORS’ DEALING
27th Feb 20267:00 amRNSANNUAL REPORT TO 30 SEPTEMBER 2025 & NOTICE OF AGM
20th Feb 202612:30 pmRNSAudited Results for the year to 30 September 2025
4th Feb 20265:56 pmRNSHolding(s) in Company
9th Jan 20269:48 amRNSUPDATE ON HAZEN PROJECT, NEVADA, USA
8th Jan 20267:00 amRNSPIOCHE SEPIOLITE PROJECT, NEVADA, USA
8th Dec 20257:00 amRNSHAZEN PROJECT, NEVADA, USA
3rd Nov 202510:50 amRNS-RGarfield Royalty Interest
31st Oct 20257:00 amRNSPioche Sepiolite Project - Update
28th Oct 20257:00 amRNSNominated Broker
1st Oct 20259:54 amRNSHolding(s) in Company
30th Sep 20252:43 pmRNSTotal Voting Rights
24th Sep 20253:00 pmRNSIssue of Shares following Conversion & TVR
16th Sep 202510:16 amRNSHolding(s) in Company
15th Sep 202510:31 amRNSCS NATURAL POZZOLAN PROJECT UPDATE
15th Sep 20259:28 amRNSHAZEN PROJECT UPDATE
7th Aug 202512:17 pmRNSHolding(s) in Company
1st Aug 20252:00 pmRNSResult of WRAP Retail Offer
31st Jul 20257:01 amRNSWRAP Retail Offer launches
31st Jul 20257:00 amRNSPlacing raised £200k, launch of WRAP retail offer
23rd Jul 20257:00 amRNSPioche Sepiolite Project - Update
21st Jul 20257:00 amRNSSale Option Agreement – Hazen Project
14th Jul 20253:25 pmRNSHolding(s) in Company
9th Jun 20257:00 amRNSConvertible Security – Extension of Term
3rd Jun 20252:03 pmRNS-RGarfield Royalty Interest
21st May 20257:00 amRNSHALF-YEARLY REPORT 2025
15th Apr 202512:00 pmRNSPioche Sepiolite Project – Positive Test Results
9th Apr 20257:00 amRNS-RGold & Silver Projects
2nd Apr 202512:00 pmRNS-RPioche Sepiolite Project
31st Mar 202510:32 amRNSDirectorate Change
31st Mar 20258:49 amRNSTotal Voting Rights
14th Mar 20254:44 pmRNSVoting at AGM
13th Mar 202511:50 amRNSResult of AGM
12th Mar 202512:07 pmRNSDIRECTORS’ DEALINGS, ISSUE OF EQUITY & TVR
10th Mar 202512:00 pmRNSAppointment of Non-Executive Director
28th Feb 20251:29 pmRNSTotal Voting Rights
17th Feb 20255:16 pmRNSIssue of Shares following Conversion & 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.