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:
2010 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
- 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.