Last checked at 16 Nov 2020 07:00
16 November 2020
SUNRISE RESOURCES PLC
("Sunrise" or "the Company")
Project Updates
The Company is pleased to provide the following project updates:
CS Pozzolan-Perlite Project, Nevada, USA
· Processing of 100-ton bulk sample of perlite completed successfully.
· Perlite samples now sent out to potential customers across the USA for expansion testing.
· Planning in progress for larger scale pozzolan grinding test and concrete pour.
Clayton Silver-Gold Project, Nevada, USA
· Further to the announcement of 9 November, core logging now completed.
· Massive quartz vein and quartz breccia intersected in target zone between 83.52m and 91.44m downhole (true thickness unknown) containing fine grained disseminated sulphides including mineral logged as the silver sulphide mineral acanthite .
· Samples submitted for cutting, assay and analysis.
Other Projects, Nevada & Australia
· Notice of intent to drill Newark Gold Project in Nevada being processed by Bureau of Land Management.
· Heritage Survey request submitted for proposed drilling at the Baker's Gold project in Western Australia.
Commenting today Sunrise Executive Chairman Patrick Cheetham said: "This summary builds on our recent announcements of 27 October and 9 November as work is ongoing across our project portfolio. We look forward to reporting results when available. Photos from the recent drilling at the Clayton Project have been posted on our website including samples recovered from the target zone."
https://www.sunriseresourcesplc.com/clayton-silver-project-nevada
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Further information:
Sunrise Resources plc Patrick Cheetham, Executive Chairman | Tel: +44 (0)1625 838 884 |
Beaumont Cornish Limited Nominated Adviser James Biddle/Roland Cornish | Tel: +44 (0)207 628 3396 |
Peterhouse Capital Limited Broker Lucy Williams/Duncan Vasey
| Tel: +44 (0)207 469 0930 |
Notes:
1. Forward Looking Statements.
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.
2. Covid-19
To date the Covid-19 pandemic has not affected the progress of the Company's projects. Mining is considered an essential industry in Nevada and existing operations are progressing largely as normal, as is mineral exploration. However, the future impact of Covid infections in Nevada and more widely in the US is unpredictable. Travel bans are still in place between the US and the UK and many US Companies have self-imposed internal travel bans. These factors have the potential to negatively affect and delay the Company's plans.
3. Qualified Person Information
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