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
0.0175    -0.005 (-22.22%)
Bid:
0.015
Ask:
0.02
Spread: 0.005 (33.333%)
Market Cap: £1.64m
SRES Live PriceLast checked at - London Stock Exchange

Intraday Sunrise Resources PLC Share Chart

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
7th Aug 20138:00 amRNSAdmission to trading and Total Voting Rights
1st Aug 201312:14 pmRNSIssue of Equity
25th Jul 20137:00 amRNSNew gold projects and Cue Diamond project update
15th May 201311:53 amRNSHalf Yearly Report
25th Mar 20137:00 amRNSPositive Diamond Results
19th Feb 20133:39 pmRNSResult of AGM
18th Feb 20137:00 amRNSCue Diamond Project Update
29th Jan 20131:13 pmRNSUpdate re drilling results
22nd Jan 20137:00 amRNSCue Diamond Sampling Results
4th Jan 20137:00 amRNSDirector Share Purchase & Issue of Equity
20th Dec 20127:00 amRNSGrant of warrants
12th Dec 20121:30 pmRNSFinal Results
3rd Dec 20127:00 amRNSCue Diamond Project - new Kimberlite Occurrences
12th Nov 20127:00 amRNSEquity Finance Facility Warrants Pricing
1st Nov 20127:00 amRNSStudy Update - Derryginagh Barite Project
25th Oct 20127:00 amRNS£3m Equity Finance Facility Secured
23rd Oct 20127:00 amRNSCue 1 Kimberlite confirmed diamondiferous
22nd Oct 20127:00 amRNSResponse to Press Comment & Market Update
25th Sep 20127:00 amRNSDerryginagh Project Update
6th Sep 20127:00 amRNSCue Project Update
31st Aug 20129:15 amRNSHolding(s) in Company
21st Aug 20127:00 amRNSProject Update
30th Jul 20124:48 pmRNSIssue of Equity
31st May 20127:00 amRNSDirectorate Change
30th May 20127:00 amRNSDerryginagh Project Update
18th May 20127:00 amRNSHalf Yearly Report
26th Apr 20127:00 amRNSProject Updates
27th Feb 201212:20 pmRNSIssue of Shares and Warrants
24th Feb 20123:29 pmRNSResult of AGM
16th Feb 20127:00 amRNSPlacing to raise £600,000
6th Feb 20127:00 amRNSDrilling Results, Derryginagh Drilling Project
16th Jan 20127:00 amRNSAnnual Report & Accounts
12th Jan 20127:00 amRNSDrilling Program Completed
15th Dec 20117:00 amRNSFinal Results
19th Sep 20117:00 amRNSNew Derryginagh Drill Contract
13th Sep 201110:29 amRNSDrill & Sampling Results - Long Lake Gold Project
31st Aug 20115:04 pmRNSTotal Voting Rights
11th Aug 201111:42 amRNSDerryginagh Drill Update
5th Aug 20113:09 pmRNSCorrection - Directors Share Issue
4th Aug 20119:58 amRNSDirectors Share Issue
6th Jul 20117:00 amRNSDerryginagh Barite Drill Start
5th Jul 20117:00 amRNSLong Lake Drill Start 5 July 2011
14th Jun 20117:00 amRNSDrill Contract, Long Lake Gold Project
3rd Jun 20117:00 amRNSIssue of Equity
23rd May 20117:00 amRNSHalf Yearly Report
19th May 20117:00 amRNSPositive Concept Study
27th Apr 20117:00 amRNSLong Lake Option
21st Mar 20117:00 amRNSExploration Update
3rd Mar 20119:02 amRNSDirector/PDMR Shareholding
24th Feb 20117:00 amRNSCue Diamond Project Exploration Licence Granted

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.