Sunrise Resources Plc Pozz Project Expansion (0914P)
14 November 2016 - 9:11PM
UK Regulatory
TIDMSRES
RNS Number : 0914P
Sunrise Resources Plc
14 November 2016
14 November 2016
POZZ PROJECT EXPANSION
Sunrise Resources plc (ticker symbol 'SRES'), the AIM-traded
diversified mineral exploration and development company ("the
Company"), is pleased to announce an expansion of its Pozz Project
in Nevada with the acquisition of a second deposit with natural
pozzolan potential (the "CS Deposit").
HIGHLIGHTS - POZZ PROJECT & CS DEPOSIT
-- 15 claims staked in new area covering second potential pozzolan deposit.
-- Meets ASTM chemical criteria for natural pozzolan.
-- Favourably high glass content c.97.5% in CS Deposit v. 80% in Pozz Ash Project.
Commenting today, Executive Chairman Patrick Cheetham said: "We
share the belief of existing pozzolan producers that this is an
opportune time to be developing new sources of natural pozzolan as
a "green" cement replacement material in concrete. The quality and
availability of coal fly-ash as a pozzolan, which is traditionally
used as a partial cement replacement in concrete, is diminishing as
coal fired power plants are phased out and increasingly stringent
emission controls are imposed on the remaining plants. Natural
pozzolans compete with fly-ash and so I am pleased to be announcing
an expansion of our Pozz Project".
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
Detailed Information
Further details of the market and opportunity for natural
pozzolans were provided in the Company's news release of 7 December
2015 together with details of the Company's Pozz Ash Deposit.
The Company's Pozz Project is an initiative to search for and
acquire, at low-cost, deposits having potential for the production
of natural pozzolan. The newly staked CS Deposit now sits within
this "umbrella" project, together with the Company's original Pozz
Ash Deposit where testwork is in progress.
The CS Deposit has been secured for the Company through the
staking of 15 mining claims for a nominal cost. It is located 14km
from a sealed highway with links down to the potentially large
markets in Southern California.
The deposit is comprised of glassy pumiceous rhyolite. Similar
materials are already being successfully marketed in the western
USA as natural pozzolan but each deposit will require extensive
testing to determine its physical characteristics.
Chemically the CS Deposit meets the ASTM specifications for
natural pozzolan:
ASTM C618 CS Deposit Samples
Chemical Composition Chemical Chemical Analysis(1)
Requirements (Range in 4 Samples)
------------------------ -------------- ----------------------
Silicon dioxide (SiO(2) Min. 70.0% 83.9-87.7%
) plus aluminium
oxide (Al(2) O(3)
) plus iron oxide
(Fe(2) O(3) )
------------------------ -------------- ----------------------
Sulphur trioxide Max. 4.0% 0.01-0.04%
(SO(3) )
------------------------ -------------- ----------------------
Loss on ignition Max. 10.0% 3.3-5.2%
(LOI)
------------------------ -------------- ----------------------
Natural pozzolans must demonstrate high pozzolanic activity. A
significant factor in determining this activity is the
mineralogical make-up of the material with amorphous or glassy
material being preferred.
XRD evaluation(2) of three samples from the CS Deposit show the
samples to comprise 97.1%-99.1% amorphous (glass), 0.9-2.9% quartz.
This is a positive indication and samples show a higher glass
content than samples from the Company's Pozz Ash Deposit where
samples average around 80% glass and 20% clay minerals.
Samples from the CS Deposit have been submitted for physical
testing.
Notes:
1. Samples prepared and analysed by independent laboratory ALS
Minerals in Reno, Nevada using the XRF analytical method.
2. Mineralogy determined by ALS Minerals using Rietveld
quantitative XRD mineralogical evaluation.
3. This announcement contains inside information for the
purposes of Article 7 of Regulation (EU) 596/2014 of the European
Parliament and of the Council.
4. 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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