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
27th Mar 20187:00 amRNSCS Project Update
2nd Mar 20181:23 pmRNSStatement re Joint Broker
16th Feb 20187:00 amRNSCS Project - Positive Drilling Results
1st Feb 20181:31 pmRNSIssue of Warrants
31st Jan 201812:15 pmRNSResult of AGM
22nd Jan 201810:00 amRNSProject Updates
29th Dec 20177:00 amRNSTotal Voting Rights
22nd Dec 201710:26 amRNSCS Project Drill Start
21st Dec 20177:00 amRNSAnnual Report and Accounts and Notice of AGM
13th Dec 20174:21 pmRNSFinal Results
12th Dec 20178:33 amRNSHigh grade discovery, Junction Project
11th Dec 20177:00 amRNSPermit, Mine-Plan Drill Programme
6th Dec 20173:00 pmRNSPlacing and Total Voting Rights
20th Nov 20177:00 amRNSUpdate - Junction Project
1st Nov 201710:09 amRNSDirector Dealing and Issue of Equity
30th Oct 201711:41 amRNSDirector/PDMR Shareholding
16th Oct 20177:00 amRNSCS Project Update & New Discovery
20th Sep 20178:30 amRNSCompletion of Sale of Junction Gold Project
4th Sep 20177:00 amRNSCS Pozzolan-Perlite Project - Testwork Update
30th Aug 20177:00 amRNSSale of Junction Gold (-Copper) Project
3rd Aug 20177:00 amRNSCS Project - Drilling Update
20th Jul 20178:47 amRNSNew Website
13th Jul 20177:00 amRNSCS Project Drilling & Trenching Update
29th Jun 201711:11 amRNSPlacing and Total Voting Rights
27th Jun 201710:39 amRNSNew Pozzolan Zone - CS Project
16th Jun 20174:56 pmRNSHolding(s) in Company
14th Jun 201711:03 amRNSCS Project - Drill Programme Update
22nd May 20177:00 amRNSHalf-year Report
18th May 20173:07 pmRNSHolding(s) in Company
5th May 20177:00 amRNSChairman's Interview
4th May 20177:00 amRNSCS Concept Study, Test Results & Strategic Review
11th Apr 201711:24 amRNSHolding(s) in Company
3rd Apr 20173:45 pmRNSDirector Dealing and Issue of Equity
23rd Mar 201712:09 pmRNSHolding(s) in Company
21st Mar 20171:40 pmRNSHolding(s) in Company
13th Mar 201710:00 amRNSCS Project - Update
7th Mar 20177:00 amRNSPlacing and Total Voting Rights
2nd Mar 20177:00 amRNSCS Project - Update
14th Feb 20178:24 amRNSCounty Line Diatomite Project
8th Feb 201711:12 amRNSHolding(s) in Company
7th Feb 20172:00 pmRNSHolding(s) in Company
1st Feb 20175:00 pmRNSShare and Warrant Issue & Total Voting Rights
31st Jan 201712:44 pmRNSResult of AGM
25th Jan 20177:00 amRNSPozz Project - 2017 Programme
24th Jan 201711:21 amRNSEnergy Metals & Minerals Initiative and Funding
22nd Dec 20164:00 pmRNSAnnual Report and Accounts and Notice of AGM
22nd Dec 20167:00 amRNSPozz Project - Positive Test Results
14th Dec 201610:17 amRNSFinal Results
30th Nov 201612:08 pmRNSTotal Voting Rights
16th Nov 201610:31 amRNSHolding(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.