Last checked at 9 Sep 2015 10:00
9 September 2015
SUNRISE RESOURCES PLC
("the Company")
Update - Bay State Silver Project Drill Programme
Sunrise Resources plc, the AIM-traded diversified mineral exploration and development company, is pleased to provide an update on the progress of the Phase 1 drilling programme on its Bay State Silver Project in Nevada, USA.
The Phase 1 drill programme, comprising three holes for a total of 500m, started on 24 August, as previously advised, and was expected to last for two weeks with assay results expected six weeks after completion. The drill programme is now expected to extend for one further week due to technical challenges posed by the steep terrain. Notwithstanding this, the programme is proceeding well with excellent core recoveries being achieved.
The timeframe for receipt of assay results may consequently be extended by one week.
Further information
Sunrise Resources plc Patrick Cheetham Executive Chairman
|
Tel: +44 (0)845 868 4590 |
Northland Capital Partners Limited Edward Hutton/David Hignell John Howes/Mark Treharne (Broking)
|
Tel: +44 (0)207 382 1100 |
Yellow Jersey PR Limited Dominic Barretto/Kelsey Traynor
|
Tel: +44 (0)7768 537 739 |
About the Bay State Silver Project
The Bay State Silver Project is located on the west flank of the Newark Valley in Eastern Nevada, 15km due east of the County town of Eureka. It was acquired by the Company in September 2014 and further claims were recently added to the project.
The mine was worked for silver in the 1870s and again in the 1900s when mining focused on two main NW-SE striking vein sets hosted within limestone. The largest workings are on the Chihuahua and Buckeye State Patents which together cover a strike length of some 900m and extend north and south of Mining Canyon along the Chihuahua Vein System. Two shafts were sunk on the border between these two patents, near the floor of the canyon, and are reported to extend to a depth of 120m with production mainly from extensive stopes above the 60m level. The Chihuahua Vein dips steeply to the west.
In the 1940s tungsten mineralisation was reportedly discovered in the upper workings of the Chihuahua Adit and was worked during the war years providing tungsten for the war effort. The tungsten was reported to occur as a replacement mineralisation within limestone beds.
The Company first acquired rights to the Bay State Silver Project in late 2014 and has since completed a number of surface and underground sampling programmes
About Sunrise Resources plc
Sunrise Resources plc is an AIM-traded diversified mineral exploration and development company.
The Company's objective is to develop profitable mining operations to sustain the Company's wider exploration efforts and create value for shareholders through the discovery of world-class deposits.
The Company has diamond and gold exploration interests in Western Australia and has staked claims and acquired leases over a number of projects in Nevada, USA, most recently at the Junction Gold Project.
The Company also holds diamond exploration interests in Finland and a white barite project in South-West Ireland.
Shares in the Company trade on AIM. EPIC: "SRES" www.sunriseresourcesplc.com