TIDMSRES
RNS Number : 1079H
Sunrise Resources Plc
15 August 2016
15 August 2016
Nevada Industrial Minerals Projects - Update
Sunrise Resources plc (ticker symbol 'SRES'), the AIM-traded
diversified mineral exploration and development company ("the
Company"), is pleased to provide the following update on its
industrial mineral projects in Nevada:
COUNTY LINE DIATOMITE PROJECT
-- Under lease to EP Minerals, LLC
-- Evaluation work in progress - Project permitted for several
drill holes and a programme of trenching.
-- EP Minerals has paid project claim fees for the year beginning 1 September 2016.
POZZ ASH PROJECT
-- Initial concrete tests completed - confirms pozzolan potential.
-- Further mineralogical & process testwork underway.
Commenting today, Executive Chairman Patrick Cheetham said: "We
are pleased to be reporting positive progress at our Pozz Ash
Project, and to see an active work programme being undertaken by EP
Minerals at the County Line Diatomite Project where we look forward
to the prospect of advance royalty income from the middle of next
year, should their results justify continuation of the lease
agreement."
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
Country Line Diatomite Project
This project is located on the border of Nye and Mineral
Counties some 200km south west of Reno, Nevada, USA. The 109
project claims cover an area in excess of 8 square kilometres the
majority of which is underlain by deposits of diatomite.
Diatomite is an industrial raw material comprised of the hollow
and lattice-like silica skeletons of aquatic algae (diatoms). It is
mainly used in the filtration of beer, wine, fats, biofuels and
fruit juices, etc. It is also used as an industrial filler and in
various agricultural and horticultural applications.
The Country Line Diatomite Project is currently leased to
existing diatomite producer EP Minerals, LLC and should EP Minerals
wish to continue the Lease after 2 June 2017 it must make an
initial payment to the Company of US$450,000. Should EP Minerals
proceed to develop the leased claims, Sunrise will be entitled to
receive a revenue based royalty, further details of which were set
out in the Company's news release of 3 December 2015. EP Minerals
has the right to withdraw from the Lease at any time.
Earlier this year EP Minerals, LLC applied for, and was granted,
a permit for a programme of drilling and trenching and this work is
in progress.
The Company notes that the advance claim fees for the year
commencing 1 September 2016 have been paid by EP Minerals to the
U.S. Bureau of Land Management in the amount of $16,895.
Pozz Ash Project
The Pozz Ash Project is located close to infrastructure in
Nevada and comprises an extensive surface deposit of volcanic
ash.
The deposit was claimed late last year and has been identified
by the Company as a potential source of natural pozzolan* for use
in cement and concrete mixtures. "Natural" pozzolans are in their
raw state or after calcination and provide a "green" alternative to
Portland Cement. Chemical analysis of the Pozz Ash shows it to have
a uniform chemical composition over a wide area that meets the
requirements for natural pozzolan.
Two bench tests have been carried out by an existing concrete
producer using raw Pozz Ash as a replacement for ordinary Portland
Cement at 20% and 25% substitution levels. After 28 days setting
time the Pozz Ash concrete had between 72-75% relative strength and
9% extra water demand. The extra water demand was considered to be
due to the 20% clay content of the Pozz Ash and based on these
results it is predicted that the Pozz Ash has good commercial
potential if the clay content can be removed or, alternatively, if
the raw material is calcined. Calcination is a heating process by
which the crystal structure of the contained clay minerals is
favorably altered.
A follow up programme of testwork is now in progress at SGS
Lakefield in Canada to determine if the clay minerals can be
separated from the glass particles within the volcanic ash or if
calcination may be required.
Should testwork results continue to be encouraging then a
programme of trenching will be undertaken to better evaluate the
resource potential of the deposit.
Further information on the Company's industrial minerals
projects can be found at:
http://www.sunriseresourcesplc.com
Notes:
*Pozzolan is defined (ASTM C125) as a siliceous or siliceous and
aluminous material, which in itself possesses little or no
cementitious value but will, in finely divided form and in the
presence of moisture, chemically react with calcium hydroxide
(lime) at ordinary temperatures to form compounds possessing
cementitious properties.
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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