From: Biniam Tekle (biniamt@dehai.org)
Date: Mon Jan 25 2010 - 08:47:24 EST
http://www.sunridgegold.com/s/PressReleases.asp?ReportID=381985
Mon Jan 25, 2010
Sunridge Gold And Antofagasta Minerals Commence Drilling At Daero Paulos,
Part Of The Asmara Project, Eritrea
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Sunridge Gold Corp. (SGC/TSX.V) is pleased to announce that an initial 2,000
meter phase one drill program has commenced at Daero Paulos, a large new
copper prospect on the Asmara Project, Eritrea. The Daero Paulos target is
part of the exploration funding agreement with Antofagasta Minerals S.A.
which was completed on October 2, 2009.
Daero Paulos is a large area of intense alteration measuring approximately
500 meters wide and 2.5 kilometers long, that has recently been subject to
detailed geological mapping by Antofagasta and Sunridge geologists. The
target has not been previously drilled and is located about 10 kilometers
southwest of the capital city of Asmara with good access by asphalt and dirt
roads. It is the first target to be drilled under the Sunridge/Antofagasta
joint exploration agreement in which Sunridge is the operator.
Detailed mapping has shown Daero Paulos to be a broad area of strong
sericite and kaolinite alteration associated with intense quartz stockwork
veining. The prospect has been further defined by stream and soil
geochemistry surveys which show elevated copper values coincident with parts
of the mapped areas of alteration.
An initial six diamond drill holes with average depths of approximately 300
meters for a total of 2,000 meters is planned for Daero Paulus. It is
anticipated that this program would be significantly expanded if some of
these holes intersect significant copper mineralization.
ABOUT SUNRIDGE:
Sunridge is a mineral exploration and development company focused on the
acquisition, exploration, discovery and development of base and precious
metal projects on the Asmara Project in Eritrea and exploration properties
in Madagascar.
Sunridge has approximately 76 million shares outstanding and approximately
$7 million in cash. Sunridge trades on the TSX Venture Exchange under the
symbol SGC. For additional information on the Company and its projects
please view the slide show on our website at www.sunridgegold.com or call
Don Halliday or Greg Davis at the numbers listed below.
SUNRIDGE GOLD CORP.
"Michael Hopley"
Michael Hopley, President and Chief Executive Officer
For further information contact:
Don Halliday, Executive Vice President
Email: donh@sunridgegold.com
Tel: 604-899-1505 (direct)
Greg Davis, VP Business Development
Email: greg@sunridgegold.com
Tel: 604-688-1263 (direct)
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