Last checked at 5 Jul 2011 07:00
5 July 2011
SUNRISE RESOURCES PLC
Drill Programme Commenced at Long Lake Gold Project
Sunrise Resources plc ("Sunrise" or "the Company"), the AIM-quoted diversified mineral exploration and development specialist, is pleased to confirm that drilling has now commenced at the Company's Long Lake Gold Project near Sudbury in Canada.
The drilling will seek down-dip and along-strike extensions to the gold mineralisation mined in the period prior to the mine's closure in 1939 and will test a number of recently defined geophysical targets around the mine site, at prospect E1 and at Anomaly 23.
The programme will comprise around 10 holes for around 1,000m of diamond drilling and is expected to take 6 weeks to complete. Analytical results from drill samples should be available within 6 weeks after completion of the drill programme.
Further information:
Sunrise Resources plc Tel: +44 (0)845 868 4590
Patrick Cheetham, Executive Chairman Mobile: +44 (0)7767 458751
Northland Capital Partners Limited Tel: +44 (0)20 7796 8800
Gavin Burnell / Rod Venables
Charles Vaughan (Sales)
Yellow Jersey PR Limited Mobile: +44 (0)7768 537739
Dominic Barretto
Notes to Editors
About the Long Lake Gold 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.
The Long Lake Gold Mine produced 57,000 ounces of gold from over 200,000 tonnes of ore mined in the periods 1910-1916 and 1932-1939 from ore having an average grade of over 11g/t gold. Most of the ore mined was extracted 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.
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. The claims include a potential 10km extension to the 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.
About Sunrise Resources plc
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 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.
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