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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
28th Jan 20091:23 pmRNSHolding(s) in Company
27th Jan 20098:57 amRNSNordic Diamonds Update
23rd Dec 20082:42 pmRNSAnnual Report and Accounts
9th Dec 20089:45 amRNSGrant of Warrants
8th Dec 200811:40 amRNSFinal Results
30th Sep 20089:29 amRNSTotal Voting Rights
9th Sep 20087:00 amRNSIssue of Equity
29th Aug 20089:11 amRNSTotal Voting Rights
27th Aug 20087:00 amRNSTrading on PLUS Markets
20th Aug 20082:54 pmRNSIssue of Equity
15th Aug 20083:42 pmRNSIssue of Equity
14th Jul 200810:45 amRNSHolding(s) in Company
11th Jul 200811:32 amRNSHolding(s) in Company
9th Jul 20089:13 amRNSDrill sample results
21st May 20082:20 pmRNSInterim Results
8th May 20087:00 amRNSJoint Venture Agreement
31st Mar 20083:29 pmRNSDirector/PDMR Shareholding
29th Feb 20083:04 pmRNSDirector/PDMR Shareholding
29th Feb 200811:00 amRNSEncouraging Sampling Results
21st Feb 200812:29 pmRNSResult of AGM-Replacement
21st Feb 200812:13 pmRNSResult of AGM
21st Feb 20087:00 amRNSAGM Statement
31st Jan 20089:15 amRNSTotal Voting Rights
29th Jan 200811:51 amRNSNotice of AGM
15th Jan 20085:36 pmRNSIssue of Equity - amendment
15th Jan 20084:40 pmRNSIssue of Equity
14th Jan 20082:00 pmRNSFinal Results
1st Nov 200712:19 pmRNSIssue of Warrants
31st Oct 20079:05 amRNSTotal Voting Rights
30th Oct 200710:17 amRNSDrilling Results Update
26th Sep 20074:46 pmRNSIssue of Equity
19th Sep 20077:01 amRNSDrilling Update
5th Sep 20073:03 pmRNSDirector/PDMR Shareholding
22nd Aug 20077:00 amRNSDirector/PDMR Shareholding
13th Aug 20072:06 pmRNSCompany Website
1st Aug 20078:49 amRNSDrilling Update
31st May 20078:40 amRNSTotal Voting Rights
23rd May 20079:36 amRNSIssue of Equity
21st May 200712:11 pmRNSInterim Results
3rd May 20078:30 amRNSAnalyst Research on website
18th Apr 200711:12 amRNSDirector/PDMR Shareholding
18th Apr 200711:09 amRNSHolding(s) in Company
18th Apr 20079:02 amRNSExploration Update
28th Feb 20079:04 amRNSTotal Voting Rights
12th Feb 20074:30 pmRNSIssue of Equity
26th Jan 20071:12 pmRNSResult of AGM
26th Jan 20077:00 amRNSAGM Statement
21st Dec 20061:46 pmRNSNotice of AGM
11th Dec 20064:15 pmRNSGrant of Warrants
7th Dec 20062:22 pmRNSFinal Results

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