This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Sunridge Gold Drills 58 Metres Of 1.44% Copper At Adi Rassi Copper-Gold Project, Asmara Project, Eritrea

Sunridge Gold Corp. (SGC:TSX.V/SGCNF:OTCQX) (“Sunridge”) is pleased to report that assays results have been received for the first three drill holes from the Company’s 2012 exploration diamond drill program at the Adi Rassi copper–gold prospect, part of the Asmara Project in Eritrea. These results, combined with previous drill hole results, are very encouraging as they support management’s belief that Adi Rassi is a new large copper-gold discovery that has the potential to become Sunridge’s fifth deposit on the Asmara Project.

Current Drill Highlights include:
  • AR-010D: 57.72 metres averaging 1.44% copper and 0.19 g/t gold
  • AR-012D: 92.50 metres averaging 0.66% copper and 0.51 g/t gold

2010 Drill Highlights include:
  • AR-002D: 23.00 metres averaging 1.39% copper and 1.95 g/t gold
  • AR-004D: 78.00 metres averaging 1.00% copper and 0.22 g/t gold

“Sunridge has proven again the remarkable exploration potential of the Asmara Project” states Michael Hopley, President and CEO of Sunridge. “With four deposits now in the final feasibility stage we have added the possibility of a fifth deposit. Given the proximity of Adi Rassi to the other deposits this could add significant value to the economics of the overall project. Although much of Sunridge’s recent efforts have been on advancing the four established deposits towards production with the ongoing engineering studies, it is important to remember that numerous high priority new exploration targets remain on the property”.

Previous work by Sunridge at Adi Rassi has consisted of re-sampling and assaying historic drill core, detailed geological mapping and sampling, geophysics and the completion of five diamond drill holes in 2010. This work established the presence of a large zone of copper-gold mineralization approximately 60 to 80 metres wide over a strike length of at least 500 metres. In the 2010 drilling campaign, drill hole AR-002-D intersected 84 metres showing an average grade of 1.32 g/t gold and 0.84% copper and drill hole AR-004-D intersected 78 metres showing an average grade of 1.0% copper and 0.22 g/t gold.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs