Last checked at 27 Jun 2017 10:39
SUNRISE RESOURCES PLC
("Sunrise" or "the Company")
27 June 2017
ADDITIONAL ZONE OF POZZOLAN DISCOVERED AT CS POZZOLAN-PERLITE PROJECT, NEVADA
Sunrise Resources plc, the AIM-traded company focusing on the development of its CS Pozzolan-Perlite Project, is pleased to announce that a new area of pozzolan has been discovered to the north-east of the Main Zone pozzolan-perlite at its CS Pozzolan-Perlite Project in Nevada.
An additional 17 Mining Claims have now been staked to include the new discovery area which is now referred to as the "Northeast Zone".
The Northeast Zone has a mapped area approximately 650m long by 650m wide. Four surface samples taken at different localities from within the Northeast Zone have been submitted to Magmatics Inc. for cement replacement strength testing. Seven-day strengths are now available from three of these samples and all exceed the seven-day strength requirements of ASTM standard C618N1. The four samples also exhibit perlitic expansion.
A number of trenches will be excavated within the new Northeast Zone as part of the recently announced field programme to collect representative samples from the sub-surface.
Commenting today, Executive Chairman Patrick Cheetham said: "I am delighted to be announcing the discovery of a third zone of natural pozzolan close to the Company's existing areas of interest. This vindicates the Company's recently stated initiative to focus its resources on the CS Project. We believe that this discovery increases the value of the project and adds to the future production opportunities which we are progressing towards development."
Further information
Sunrise Resources plc Patrick Cheetham, Executive Chairman | Tel: | +44 (0)1625 838 884 |
Northland Capital Partners Limited Nominated Adviser & Broker Edward Hutton/David Hignell John Howes/Rob Rees
| Tel: | +44 (0)20 3861 6625
|
Beaufort Securities Limited Joint Broker Jon Belliss | Tel: | +44 (0)20 7382 8300 |
About Natural Pozzolan
Pozzolan is a cementitious material that can partially replace ordinary Portland cement in cement and concrete mixes in amounts up to 35%. Natural pozzolans, therefore, have strong "green" credentials as the production of Portland cement is responsible for 5% of the global man-made carbon dioxide emissions with nearly one tonne of carbon dioxide (CO2) generated for each tonne of cement produced. Natural pozzolans can also improve the strength and chemical resistance of concrete. Natural pozzolans can also replace industrial by-product pozzolans in cement such as coal fly ash. The availability and quality of fly ash is under threat as coal-fired power stations are phased out in favour of natural gas plants and fly ash quality becomes more variable due to increased emission control legislation.
About Perlite
Perlite is a glassy raw material which, when heated in a furnace, pops like popcorn and expands by up to 20 times in volume into a white or pale coloured, low density material. Expanded perlite is used in various industrial and household applications such as insulation, paint texturing, building materials, filter aids, insulating industrial cryogenic storage vessels and as a potting medium in gardening and horticulture to aid water retention and aeration of the soil. Some perlites can also be used as a natural pozzolan.
Notes:
1. ASTM International is a globally recognized leader in the development and delivery of voluntary consensus standards. ASTM C618N is the standard for natural pozzolan.
2. The news release may contain certain statements and expressions of belief, expectation or opinion which are forward-looking statements, and which relate, inter alia, to the Company's proposed strategy, plans and objectives or to the expectations or intentions of the Company's directors. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such forward-looking statements. Accordingly, you should not rely unduly on any forward-looking statements and save as required by the AIM Rules for Companies or by law, the Company does not accept any obligation to disseminate any updates or revisions to such forward-looking statements.
3. This announcement contains inside information.
4. 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