Sunridge Gold Commences Exploration Drilling Program on Asmara Project,
Eritrea
Thu Feb 2, 2012
_____
Sunridge Gold Corp. (TSX.V:SGC) announces that it has started an
exploration drilling program on several highly prospective exploration
targets on the Asmara Project, Eritrea. One reverse-circulation drill has
started drilling gold exploration targets on the Medrizien license. In
addition, a diamond drill is expected to commence drilling within 3 weeks on
the Adi Rassi target in the southern part of the Debarwa license. See map
that follows. The drills are expected to complete approximately 12,000
metres of drilling over the next 4 to 6 weeks.
Exploration Targets
The first targets to be drilled are a series of four, sub-parallel gold
mineralized shear zones that can be followed over strike lengths of 1000
metres to several kilometres in length and 50 to 200 metres in width on the
western part of the Medrizien exploration license. Many of these zones have
been mined by Italian colonists by both open-pit and underground methods
including the Hara Hot zone which was the largest single open-pit seen on
the Asmara Project.
Sunridge geologists have mapped and sampled parts of the four shear zones in
preparation for this drilling campaign. To date, a total of 450 rock chip
and grab samples were taken from these 4 gold mineralized shear zones, from
which 72 samples returned gold assays greater than 1 gram per tonne (g/t),
including 16 samples with gold assays over 5 g/t with the best gold values
of 68 g/t (grab sample) and a rock chip sample of 15.9 g/t over 2 metres.
In addition, a newly discovered gold mineralized shear zone on the eastern
side of the Debarwa license will be drilled as part of the program. This
zone, known as Adi Kubulo, can be traced for several kilometres with an
average width of about 80 metres. Parts of this zone have been prospected
and sampled by Sunridge geologists with 102 rock chip and grab samples taken
so far with assays pending.
The first target to be drilled by the diamond drill will be the Adi Rassi
prospect on the southern part of the Debarwa exploration license, located
only about 10 kilometres southeast of the Debarwa VMS Deposit. This prospect
is associated with a north trending shear zone about 600 metres long and
averaging 70 metres wide mineralized with copper and gold within strongly
foliated mafic tuff and flows steeply dipping to the west. The copper and
gold mineralization occurs within quartz veins and along foliation plans.
Management believes that Adi Rassi could be a potentially large new copper
and gold discovery based on earlier drilling results such as AR-002D: 84
metres with an average grade of 1.32 g/t gold and 0.84% copper, AR-003D: 25
metres with an average grade of 0.75 g/t gold and 0.54% copper and AR-004D:
78 metres with an average grade of 0.22 g/t gold and 1.0% copper. (See News
Release dated July 29, 2010)
Results from this drilling program are expected within about 2 months.
The Qualified Person responsible for the technical content of this release
is Michael Hopley, President and Chief Executive Officer of Sunridge Gold
Corp.
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 117 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
<
http://www.sunridgegold.com> www.sunridgegold.com or call Greg Davis at the
numbers listed below.
SUNRIDGE GOLD CORP.
"Michael Hopley"
Michael Hopley, President and Chief Executive Officer
For further information contact:
Greg Davis, VP Business Development
Email: <mailto:greg_at_sunridgegold.com> greg_at_sunridgegold.com
Tel: 604-688-1263 (direct)
----[Mailing List for Eritrea Related News ]----
Received on Thu Feb 02 2012 - 20:19:09 EST
