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From: Berhane Habtemariam (Berhane.Habtemariam@gmx.de)
Date: Fri Feb 11 2011 - 11:55:25 EST
Sunridge Gold Begins Drill Program at Medrizien Gold Target, Asmara Project,
Eritrea
By: <http://marketwire..sys-con.com/> Marketwire .
Feb. 11, 2011 08:00 AM
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/11/11 -- Sunridge Gold
Corp. (TSX VENTURE: SGC) is pleased to announce that it has commenced a new
exploration drilling program at the Medrizien Gold target on the Asmara
Project, Eritrea. Approximately12 reverse circulation drill holes for at
least 1,000 metres are planned for the initial drill program. The 100% owned
Medrizien Gold target is located within 1 kilometre of the large Emba Derho
copper zinc gold VMS deposit which is one of the three Asmara North
Deposits.
The gold mineralization in the Medrizien Gold prospect occurs in a stockwork
of quartz veins associated with pyrite and chalcopyrite within a surrounding
halo of sheared volcanic rocks with sericite and pyrite. The target varies
in width from a few metres up to 25 metres over a 3.5 kilometre strike
length. Some historic small scale gold mining was conducted on the site by
the Italian colonists consisting of small pits and underground workings.
During previous surface exploration work, a total of 65 rock grab samples
were taken over the length of the prospect of which 57 samples were from the
surface showing of mineralized quartz veins and altered halo of volcanic
rocks (see Sunridge Gold News release dated April 1, 2009). The results
showed 10 samples with assays over 1 g/t gold with these sample values
averaging 12.13 g/t gold with the highest assay being 74.7 g/t gold. The 8
rock samples taken from the old underground workings range from 0.14 g/t up
to a value of 319 g/t with an average of 51.32 g/t gold.
The objective of the Medrizien drill program is to make a new gold discovery
on the Asmara Project, which could provide future feed to any mining
operations in the northern area of the Asmara Project.
Qualified Person
Michael J. Hopley, President and Chief Executive Officer of Sunridge is the
Qualified Person for Sunridge and the person responsible for preparation of
the technical information contained in this news release.
NOTES:
1. A Quality Assurance/Quality Control program was part of the sampling
program on the Medrizien gold prospect. This program includes chain of
custody protocols as well as systematic submittals of standards, duplicates
and blank samples into the flow of samples produced by the sampling.
2. Samples were prepared at African Horn Testing Services (Eritrea) and
analyzed at Genalysis Laboratories (a NATA registered laboratory) in Perth,
Western Australia.
3. The results of the Medrizien gold prospect sampling have been reviewed by
Michael J. Hopley the Qualified Person for Sunridge. Mr. Hopley is also the
person responsible for preparation of the technical information contained in
this news release and is President and Chief Executive Officer of Sunridge.
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 currently has approximately 116 million shares
outstanding and approximately $25 million in cash. Sunridge trades on the
TSX Venture Exchange under the symbol SGC. For additional information on the
Company and its projects please visit our website at
<http://www.sunridgegold.com> www.sunridgegold.com or call Greg Davis at the
numbers listed below. All of the above mentioned technical reports are filed
on the Company's profile at <http://www.sedar.com> www.sedar.com.
SUNRIDGE GOLD CORP.
Michael Hopley, President and Chief Executive Officer
This news release contains forward-looking statements that are based on the
Company's current expectations and estimates. Forward-looking statements are
frequently characterized by words such as "plan", "expect", "project",
"intend", "believe", "anticipate", "estimate", "suggest", "indicate" and
other similar words or statements that certain events or conditions "may" or
"will" occur. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors that could cause actual events or
results to differ materially from estimated or anticipated events or results
implied or expressed in such forward-looking statements. Such factors
include, among others: the actual results of current exploration activities;
conclusions of economic evaluations; changes in project parameters as plans
continue to be refined; possible variations in ore grade or recovery rates;
accidents, labour disputes and other risks of the mining industry; delays in
obtaining governmental approvals or financing; and fluctuations in metal
prices. There may be other factors that cause actions, events or results not
to be as anticipated, estimated or intended. Any forward-looking statement
speaks only as of the date on which it is made and, except as may be
required by applicable securities laws, the Company disclaims any intent or
obligation to update any forward-looking statement, whether as a result of
new information, future events or results or otherwise. Forward-looking
statements are not guarantees of future performance and accordingly undue
reliance should not be put on such statements due to the inherent
uncertainty therein.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Contacts:
Sunridge Gold Corp.
Greg Davis
VP Business Development
604-688-1263 (direct)
<mailto:greg@sunridgegold.com> greg@sunridgegold.com
Sunridge Gold Corp.
Don Halliday
604-899-1505 (direct)
<mailto:donh@sunridgegold.com> donh@sunridgegold.com
<http://www.sunridgegold.com> www.sunridgegold.com
Published Feb. 11, 2011- Reads 113
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