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Project Update

3 Mar 2014 07:00

RNS Number : 2603B
Sunrise Resources Plc
03 March 2014
 



 

 

SUNRISE RESOURCES PLC

 

 

 

 

3 March 2014

 

PROJECT UPDATE

 

 

Sunrise Resources plc, the AIM-traded diversified mineral exploration and development company, is pleased to announce details of progress at its Cue diamond project in Western Australia and at the newly acquired County Line Diatomite Project in Nevada, USA.

 

 

 

Key Points:

 

Cue Diamond Project, Western Australia

 

· Aboriginal Heritage Survey completed at Cue diamond project - clearance given for all drill

sites in proposed programme.

 

· Clearance includes approved drill programme at Soapy Bore to collect kimberlite

sample for diamond evaluation.

 

 

County Line Diatomite Project, Nevada

 

· Contract for preliminary test-work signed with specialist minerals processing

Laboratory in Germany.

 

· Diatomite samples now at test laboratory. Results expected within 10 weeks.

 

 

Commenting today, Executive Chairman Patrick Cheetham said: "We are pleased to be advising further progress in line with our ambition for a much higher level of project activity in 2014 on a number of new and existing projects. I am particularly pleased that we finally have clearance to drill the diamondiferous Soapy Bore kimberlite which has long been a prime target for the Company, but where we have not had access until now."

 

 

Further information:

 

Sunrise Resources plc

Patrick Cheetham, Executive Chairman

Tel:

+44 (0) 845 868 4590

Northland Capital Partners Limited

Gavin Burnell/Edward Hutton

Alice Lane/Mark Simpson (Broking)

 

Tel:

+44 (0)20 7382 1100

Yellow Jersey PR Limited

Dominic Barretto/Kelsey Traynor

 

Tel:

+44 (0)7768 537739

 

 

 

 

 

 

 

 

CUE DIAMOND PROJECT, WESTERN AUSTRALIA

 

The 100% owned Cue Diamond Project is located in the Murchison Mining District, 80km northwest of the town of Cue in Western Australia. The area was explored in the 1990s by De Beers who located kimberlites in two areas within the Company's licence area just prior to a decision to quit all diamond exploration in Australia. The two known in-situ kimberlite occurrences are at Cue1 and Soapy Bore.

 

To date, exploration by Sunrise, including drilling of the Cue 1 kimberlite, has confirmed the high diamond prospectivity of the licence area and resulted in the discovery of new occurrences of diamondiferous kimberlite on surface as well as defining several other targets for drilling.

 

An Aboriginal Heritage Survey was carried out last week and has cleared drill sites for testing all the Company's proposed diamond targets. This includes drilling to collect a sample of the Soapy Bore kimberlite, which returned 13 diamonds from a small 65kg sample for De Beers, and which is a prime target for the Company.

 

Further information on these targets and the proposed drill programme are given in the Company's news release dated 13 February 2014.

 

 

COUNTY LINE DIATOMITE DEPOSIT, NEVADA

 

The Company has recently staked 61 claims in Nevada to cover an occurrence of the valuable industrial mineral diatomite, as announced on 17 February 2014.

 

A contract has now been signed with Dorfner Anzaplan ("Dorfner") for a testwork programme and County Line diatomite samples have now been delivered to Dorfner's laboratory in Germany. Dorfner is a full service specialist in testing and engineering services for high-value industrial and strategic minerals, including diatomite.

 

The testwork programme will evaluate a range of chemical and physical properties for the samples and allow an initial evaluation of the industrial value and importance of this deposit and determine if drilling of the extensive surface outcrops of diatomite is justified.

 

Dorfner has advised that the testwork programme will be completed within 10 weeks.

 

 

 

About Sunrise Resources plc

 

Sunrise Resources plc is a diversified mineral exploration and development company.

 

The Company has diamond exploration interests in Western Australia and Finland and is evaluating a production opportunity for white barite in southwest Ireland.

 

The Company holds applications for two gold exploration projects in Western Australia and has an active project programme to generate new exploration projects in Australia and Nevada, USA. It has recently staked claims over a copper-gold project and a diatomite project in Nevada.

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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCUWOVRSUAUUAR
Date   Source Headline
24th Feb 20117:00 amRNSCue Diamond Project Exploration Licence Granted
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

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