Sunrise Res Regulatory News (SRES)

9 Jun 2005 08:55

Sunrise Diamonds PLC09 June 2005 June 9, 2005 SUNRISE DIAMONDS UP AND RUNNING • Exploration Work Started In First Week following AIM Admission • Initial Drilling Will Be On Priority Targets And Continue Through Autumn • New Application Lodged for Further Prospective Ground Sunrise Diamonds plc, ("Sunrise Diamonds" or "the Company") announces thatfollowing its placing and AIM admission earlier this week exploration work hasbegun on kimberlite targets in the area of the Kuusamo kimberlite cluster innorthern Finland. Processing of surface and basal till samples has commenced with the objective ofrecovering diamond indicator minerals. This work will help prioritise magnetictargets for follow-up drilling. For certain magnetic targets, where groundconditions precluded till sampling, ground geophysics is now in progress toenable drill-holes to be accurately sited. Drilling of priority targets will start by mid-July and is expected to continuethroughout the summer and autumn. The Company is working to generate additional kimberlite targets and has madeapplication for an exclusive claim reservation in a separate area of Finlandclose to the diamondiferous Kaavi-Kuopio kimberlite cluster where EuropeanDiamonds is currently bulk sampling the Lahtojoki pipe."We are delighted to hit the ground running with our exploration programmesfollowing the successful launch of the Company on AIM this week. We expect to bereporting results on a regular basis over the summer." commented SunriseDiamonds' chairman Patrick Cheetham today. Further Information: Patrick Cheetham, Sunrise Diamonds plc. Tel: +44 (0)1625-505947. Mobile: +44 (0)7767-458751 www.sunrisediamonds.comJohn Greenhalgh/Ron Marshman, City of London PR Ltd. Tel: +44 ( 0)20-7628-5518 This information is provided by RNS The company news service from the London Stock Exchange