Sunrise Resources Plc Bay State Silver Project - Drill Start (4403I)
30 August 2016 - 11:00PM
UK Regulatory
TIDMSRES
RNS Number : 4403I
Sunrise Resources Plc
30 August 2016
SUNRISE RESOURCES PLC
30 August 2016
Bay State Silver Project - Drill Start
Sunrise Resources plc (ticker symbol 'SRES'), the AIM-traded
diversified mineral exploration and development company ("the
Company"), is pleased to announce a date for the start of the
second phase of drilling at its Bay State Silver Project in
Nevada.
HIGHLIGHTS:
-- Drill programme to commence on Tuesday 7(th) September; expected duration 2 weeks.
-- Three drill holes planned as follow up to high-grade silver
mineralisation found in Phase 1 drilling.
-- Two holes to test Chihuahua Vein south of Mining Canyon and
beneath 19(th) /20(th) Century mine workings.
-- Additional hole planned as first test of Lincoln Vein System.
-- Archaeological clearance work completed satisfactorily.
-- Assay results expected within 6 weeks of programme completion.
-- Objective is to demonstrate continuity of mineralisation
along strike, to justify a substantial resource definition drilling
programme and a scoping study for the development of future mining
operations.
Commenting today, Executive Chairman Patrick Cheetham said: "We
are pleased to be announcing a start date for drilling, and we look
forward to releasing results as soon as they become available."
Further information:
Sunrise Resources plc
Patrick Cheetham, Executive
Chairman Tel: +44 (0)1625 838 884
Northland Capital Partners
Limited
Nominated Adviser & Broker
Edward Hutton/David Hignell
John Howes/Rob Rees Tel: +44 (0)20 3861 6625
Beaufort Securities Limited
Joint Broker
Jon Belliss Tel: +44 (0)20 7382 8300
Further information on the Bay State Silver Project, including
maps, photos, previous drilling results and an underground video
tour of the Chihuahua Adit are available on the Bay State Project
page of the Company website:
http://www.sunriseresourcesplc.com/projects/bay-state-silver-project
Notes:
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014 of the European Parliament
and of the Council.
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.
Notes to Editors:
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 is exploring a number of precious metal, base metal
and industrial mineral projects in Nevada, USA. The Company holds a
royalty interest from EP Minerals in a diatomite project in Nevada
and holds a white barite project in South-West Ireland. The Company
also holds diamond and gold exploration interests in Western
Australia.
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
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