Sunrise Resources Plc CS Project Drilling & Trenching Update (9188K)
13 July 2017 - 4:00PM
UK Regulatory
TIDMSRES
RNS Number : 9188K
Sunrise Resources Plc
13 July 2017
SUNRISE RESOURCES PLC
("Sunrise" or "the Company")
13 July 2017
UPDATE
CS POZZOLAN-PERLITE PROJECT, NEVADA
Further to its announcement dated 14 June 2017, Sunrise
Resources plc, the AIM-traded company focusing on the development
of its CS Pozzolan-Perlite Project, is pleased to update on the
trenching programme at the CS Project and advise that the first
phase of drilling is to start this coming Saturday 15 July 2017.
The drill programme is expected to last about one week.
A programme of trenching is now complete. Eleven trenches have
been excavated within an area over 1.3 km long by 700m wide to
expose and sample bedrock in areas covered by colluvium and scree.
Nine trenches were excavated in covered areas on the periphery of
the Main Zone and two trenches in the southern part of the newly
defined Northeast Zone. Only one trench (in the Main Zone) failed
to reach bedrock and the majority of the others found bedrock that,
on a visual basis, is suspected to have perlitic and/or pozzolanic
properties. Bedrock samples have been collected for testing and
analysis and until such testwork is completed in approximately ten
weeks' time, the Company is unable to be more definitive about the
trenching results.
Details and objectives of the drill programme, which will focus
on the central part of the Main Zone, were given in the Company's
news release dated 14 June 2017. Drilling of the better exposed
central part of the Main Zone is already justified by previous
bedrock sampling. An extra hole has now been added to the programme
to test the depth extent of pozzolanic tuff in the Tuff Zone.
Commenting today, Executive Chairman Patrick Cheetham said: "I
am pleased to be reporting the start of drilling, on schedule. When
combined with the results of the trenching, the drilling results
will give us a much better 3D understanding of the value of the
pozzolan and perlite within the large areas currently being
evaluated."
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
About Natural Pozzolan
Pozzolan is a cementitious material that can partially replace
ordinary Portland cement in cement and concrete mixes in amounts up
to 35%. Natural pozzolans, therefore, have strong "green"
credentials as the production of Portland cement is responsible for
5% of the global man-made carbon dioxide emissions with nearly one
tonne of carbon dioxide (CO(2) ) generated for each tonne of cement
produced. Natural pozzolans can also improve the strength and
chemical resistance of concrete. Natural pozzolans can also replace
industrial by-product pozzolans in cement such as coal fly ash. The
availability and quality of fly ash is under threat as coal-fired
power stations are phased out in favour of natural gas plants and
fly ash quality becomes more variable due to increased emission
control legislation.
About Perlite
Perlite is a glassy raw material which, when heated in a
furnace, pops like popcorn and expands by up to 20 times in volume
into a white or pale coloured, low density material. Expanded
perlite is used in various industrial and household applications
such as insulation, paint texturing, building materials, filter
aids, insulating industrial cryogenic storage vessels and as a
potting medium in gardening and horticulture to aid water retention
and aeration of the soil. Some perlites can also be used as a
natural pozzolan.
Notes:
1. The news release may contain certain statements and
expressions of belief, expectation or opinion which are
forward-looking statements, and which relate, inter alia, to the
Company's proposed strategy, plans and objectives or to the
expectations or intentions of the Company's directors. Such
forward-looking statements involve known and unknown risks,
uncertainties and other important factors beyond the control of the
Company that could cause the actual performance or achievements of
the Company to be materially different from such forward-looking
statements. Accordingly, you should not rely unduly on any
forward-looking statements and save as required by the AIM Rules
for Companies or by law, the Company does not accept any obligation
to disseminate any updates or revisions to such forward-looking
statements.
2. This announcement contains inside information.
3. 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.
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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