Sunrise Resources Plc CS PROJECT - SUBMISSION OF PLAN OF OPERATIONS (7983Y)
13 May 2019 - 5:34PM
UK Regulatory
TIDMSRES
RNS Number : 7983Y
Sunrise Resources Plc
13 May 2019
13 May 2019
SUNRISE RESOURCES PLC
("Sunrise" or "the Company")
CS PROJECT - SUBMISSION OF PLAN OF OPERATIONS
& NEVADA RECLAMATION PERMIT APPLICATION
Sunrise Resources plc (ticker symbol 'SRES'), the AIM-traded
company focusing on the development of its CS Pozzolan-Perlite
Project in Nevada, USA, is pleased to advise that it has submitted
its combined Mine Plan of Operations/Nevada Reclamation Permit
Application ("Plan of Operations") to the US Bureau of Land
Management (BLM) and the Nevada Division of Environmental
Protection's Bureau of Mining Regulation and Reclamation (NDEP
& BMRR).
The combined document has been submitted simultaneously to the
two above-mentioned regulators and sets out in detail how the mine
will be developed over time and how the mine will be reclaimed over
its lifetime and on closure.
In the Company's announcement of 30 October 2018, a three-phase
15-year mine plan was outlined providing the option to mine
pozzolan from either the Main Zone pit or the Tuff Zone pit, or
both with separate alternative mine plans developed for pozzolan in
each zone. The Plan of Operation now submitted includes both
alternatives and envisages a longer, 27-year, mine life where both
perlite and natural pozzolan are mined from the Main Zone in Phases
1-3 (years 1-15) with pozzolan continuing to be mined in the Tuff
Zone in a new Phase 4 (years 16-27).
The Plan of Operations also includes programmes of drilling and
bulk sampling to run concurrently with mining. These exploration
programmes will test for extensions of perlite and natural pozzolan
which are open ended and project beyond the current pit limits.
This includes evaluation of the extensive Northeast Zone which so
far has been tested by a single drill hole which intersected 40m of
high quality natural pozzolan from surface. Previous exploration
suggests that the Northeast Zone target extends over an area at
least as large as the Main Zone.
The Plan of Operations will now be reviewed by the BLM and when
deemed complete the BLM will initiate the Environmental Assessment
process as required under the National Environmental Policy Act
(NEPA). Additional detail on the permitting process was given in
the Company's news release dated 24 April 2019.
The Company has also completed its Emissions Inventory as an
additional baseline study for the Environmental Assessment process
and this will also form the basis of the Company's Air Quality
Permit application to NDEP.
Commenting today Sunrise Executive Chairman Patrick Cheetham
said: "This is a key milestone in the permitting of the CS Project
following months of hard work by our small team. We look forward
now to progressing the project on several fronts as we continue to
advance the project towards production."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
Further information:
Sunrise Resources plc Tel: +44 (0)1625 838 884
Patrick Cheetham, Executive
Chairman
Beaumont Cornish Limited Tel: +44 (0)207 628 3396
Nominated Adviser
James Biddle/Roland Cornish
SVS Securities Plc - Broker Tel: +44 (0)203 700 0093
Tom Curran/Ben Tadd
Note:
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 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.
Shares in the Company trade on AIM. EPIC: "SRES". Website:
www.sunriseresourcesplc.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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