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
0.023    0.00 (0.00%)
Bid:
0.021
Ask:
0.025
Spread: 0.004 (19.048%)
Market Cap: £2.16m
SRES Live PriceLast checked at - London Stock Exchange

Intraday Sunrise Resources PLC Share Chart

Update - Junction Project

17 Apr 2018 12:41

RNS Number : 1916L
Sunrise Resources Plc
17 April 2018
 

SUNRISE RESOURCES PLC

("Sunrise" or "the Company")

 

17 April 2018

 

 

 VR COMMENCES 2018 SURFACE EXPLORATION AT JUNCTION; GRAVITY ANOMALY CONFIRMS THE DOWN-DIP POTENTIAL OF COPPER-SILVER VEINS

 

Sunrise Resources plc, the AIM-traded company focusing on the development of its CS Pozzolan-Perlite Project in Nevada, USA, is pleased to provide the following exploration update provided by VR Resources Ltd ("VR") for the Junction Copper-Silver-Gold Project area in Nevada, USA, in which Sunrise holds an interest.

 

This follows on from the recent announcement of the expansion of the project area and the discovery high grade copper-silver-gold mineralisation along a 6km trend as announced on 12 December 2017.

 

Highlights:

 

· 2018 surface exploration at Junction underway with gravity survey already completed

 

· Large high-contrast gravity anomaly at Denio Summit confirms the down dip potential of copper-silver veins, all in the Sunrise Area of Interest

 

· Further exploration planned for this spring at Junction includes:

 

· Induced Polarisation geophysical survey

 

· Airborne magnetic and radiometric survey

 

VR also advises that it has increased the size of the Junction Property again by staking an additional 19 claims within the Sunrise Area of Interest.

 

Commenting on the news today, VR stated: "We are compelled to see the strong spatial association of the gravity anomaly and surface copper-silver showings at the Denio Summit target; the size and magnitude (density contrast) of the anomaly are evidence for the down-dip continuation of the sulphide veins, and potentially a sulphide bearing intrusive source. The overall vein system at Junction extends for six kilometres along the Antelope Shear Zone; our work this spring will increase our understanding of the entire system, and more specifically refine and evaluate the Denio Summit target for first-pass drilling."

 

 

Further information

 

Sunrise Resources plc

Patrick Cheetham, Executive Chairman

Tel:

+44 (0)1625 838 884

Northland Capital Partners Limited

Nominated Adviser & Broker

Edward Hutton/Matthew Johnson/Jamie Spotswood

John Howes/Rob Rees

 

 

 

Tel:

+44 (0)20 3861 6625

 

 

 

 

Additional Information

 

The gravity survey, now completed, covered the entire are of the Sunrise Area of Interest and extended eastwards to the full extent of the VR Property. The data was collected on a 400 metre station grid, with 200 metre infills over the Denio Summit anomaly. The grid gravity data has been merged with 51 public domain stations.

 

The merged grid-based and regional gravity data indicate that Junction appears to be underlain by an apophysis of a large intrusion and associated gravity high located immediately to the west. The Hall deposit (Mo-Cu-Au quartz veins in diorite) and Ashdown deposit (Cu-Ag quartz veins in granodiorite) are located at the north and south end of the intrusion, respectively.

 

VR has stated that the large, high contrast gravity anomaly at Denio Summit could represent the continuation of the surface copper-silver veins and dykes down-dip to the northwest. This anomaly and the associated surface mineralisation lie entirely within the Sunrise Area of Interest.

 

The IP Survey lines will comprise two test lines, 2 kilometres long each, over the Denio Summit gravity anomaly and adjacent surface copper-silver showings and copper-silver-gold-tungsten soil anomaly.

 

The airborne magnetic and radiometric survey will comprise 200 metre spaced lines with 100 metre spaced infills over key targets

 

The version of this news release posted on the Sunrise website will include additional illustrative maps. More complete information on the Junction property overall, including field photographs and maps, is available at the Company's website at www.sunriseresourcesplc.com

 

Sunrise holds shares in VR and ongoing interests in the Junction Project which may result in additional VR shares being issued to Sunrise if certain exploration milestones are met, for example drilling and resource estimation, and which includes a 3% royalty on any future production payable to Sunrise. Full details of the original sale agreement with VR are given in Sunrise's news release dated 30 August 2017.

 

The ongoing interests held by Sunrise relate to the original 15 mining claims staked by Sunrise, and to all claim areas staked within a 2 mile area surrounding this original mining claims (the Area of Interest).

 

Shares in the Company trade on AIM. EPIC: "SRES". Website: www.sunriseresourcesplc.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
STRFKODKDBKDBQD
Date   Source Headline
30th Nov 20062:30 pmRNSDiamond Results
3rd Oct 20067:00 amRNSExploration Update
31st Aug 20068:00 amRNSExploration Update
14th Aug 20067:30 amRNSJoint Venture Acquisition
20th Jul 20067:01 amRNSDrilling Update
13th Jun 20067:00 amRNSDiamond Results
6th Jun 20063:36 pmRNSIssue of Equity
5th Jun 200612:17 pmRNSHolding(s) in Company
31st May 20062:23 pmRNSIssue of Equity
18th May 20068:00 amRNSInterim Results
30th Mar 200610:00 amRNSNew Kimberlite Discovery
23rd Mar 20069:14 amRNSHolding(s) in Company
22nd Mar 20067:00 amRNSHolding(s) in Company
20th Mar 20069:52 amRNSExploration Results
28th Feb 20069:00 amRNSExploration Update
20th Feb 20069:00 amRNSIssue of Equity
31st Jan 20063:59 pmRNSResult of AGM
31st Jan 200611:45 amRNSExploration Programme
4th Jan 200610:52 amRNSExploration Update
23rd Dec 200511:31 amRNSNotice of AGM
16th Dec 20058:00 amRNSFinal Results
14th Dec 20059:14 amRNSStatement re Agreement
13th Oct 20058:00 amRNSMicro-Diamond Results
19th Jul 20057:00 amRNSExploration Update
9th Jun 20058:55 amRNSUpdate
8th Jun 20058:55 amRNSHolding(s) in Company
6th Jun 20058:30 amRNSAdmission to AIM

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.