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
22nd Feb 201110:00 amRNSIssue of Equity
15th Feb 201112:34 pmRNSDirector/PDMR Shareholding
10th Feb 20117:00 amRNSLong Lake Gold Project - Exploration Update
31st Jan 20111:13 pmRNSResult of AGM
25th Jan 20117:00 amRNSEncouraging Drill Results
14th Jan 201110:45 amRNSIssue of Equity
31st Dec 20107:00 amRNSTotal Voting Rights
22nd Dec 201012:43 pmRNSPosting of Annual Report and Accounts
22nd Dec 20107:00 amRNSDrill programme completed
10th Dec 20107:00 amRNSIssue of Equity
9th Dec 20107:00 amRNSIssue of Warrants
7th Dec 20102:00 pmRNSFinal Results
25th Nov 20107:00 amRNSPlacing to raise £1.2million
11th Nov 20107:00 amRNSStart of Drilling, Long Lake Gold Project
3rd Nov 20107:00 amRNSExploration Results, Derryginagh
3rd Nov 20107:00 amRNSNominated adviser and broker change of name
7th Oct 201012:48 pmRNSHolding(s) in Company
19th Aug 20107:00 amRNSDerryginagh Project Update
30th Jul 201012:07 pmRNSTotal Voting Rights
21st Jul 20107:00 amRNSDirectors' Share Issue
8th Jul 20103:26 pmRNSHolding(s) in Company
23rd Jun 20107:00 amRNSLong Lake Project, Canada - Update
22nd Jun 201012:37 pmRNSResult of General Meeting
3rd Jun 20104:27 pmRNSPosting of half year report and Notice of General
24th May 201010:40 amRNSHalf Yearly Report
14th May 20104:36 pmRNSChange of Name
5th May 20107:00 amRNSOption on Gold Project, Canada
21st Apr 20107:00 amRNSPositive test results, Derryginagh
31st Mar 20107:00 amRNSTotal Voting Rights
1st Mar 20107:00 amRNSIssue of Equity
26th Feb 201011:40 amRNSTotal Voting Rights
1st Feb 20104:01 pmRNSDirector's Share Issue
29th Jan 20103:42 pmRNSResult of AGM
8th Dec 20097:00 amRNSGrant of Warrants
7th Dec 200911:45 amRNSFinal Results
25th Nov 20099:28 amRNSNew Project, Ireland
24th Nov 20095:12 pmRNSHolding(s) in Company
4th Nov 200911:12 amRNSCue Project - Diamond Update
29th Oct 200911:05 amRNSNew Project, Australia
17th Aug 20091:30 pmRNSChange of Adviser
31st Jul 20099:42 amRNSTotal Voting Rights
24th Jul 20091:43 pmRNSIssue of Equity
21st May 200910:22 amRNSHalf Yearly Report
30th Apr 20099:15 amRNSTotal Voting Rights
27th Apr 20099:43 amRNSHolding(s) in Company
24th Apr 200910:21 amRNSNordic Agreement Concluded
27th Feb 20098:53 amRNSTotal Voting Rights
2nd Feb 200912:17 pmRNSIssue of Equity
30th Jan 200912:00 pmRNSResult of AGM
28th Jan 20091:23 pmRNSHolding(s) in Company

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.