From: Berhane Habtemariam (Berhane.Habtemariam@gmx.de)
Date: Fri Jun 04 2010 - 16:13:42 EDT
Sunridge Advances Work On Gupo Gold Deposit & Medrizien Prospect Yields Grab
Samples Up To 319 G/T Gold
Apr 4, 2009
_____
News Release 2009-01
<http://www.sunridgegold.com/i/pdf/SGCNR09-02.pdf> View News Release in PDF
Format
Sunridge Gold Corp. (SGC/TSX.V) is pleased to provide updates on the
continuing work on two of the Company's gold projects, the Gupo gold deposit
and the Medrizien gold prospect, located on the Asmara project, Eritrea. To
date, Sunridge has primarily focused on its three base metals projects, Emba
Derho, Adi Nefas and Debarwa. With a scoping study nearing completion on the
large Emba Derho copper-zinc-gold deposit, management of Sunridge is now
commencing more detailed exploration and development work on the gold
deposits and prospects in close proximity to Emba Derho with the objective
to add near surface gold resources to any future mining operations there.
The Emba Derho deposit is only about 500 meters from Medrizien and
approximately 6 kilometers away from Gupo.
Gupo Gold Deposit:
The Gupo gold deposit is one of a number of gold deposits on the Asmara
project that was mined in the early part of the 20th century by Italian
colonists. Gupo is a near surface, structurally controlled gold deposit that
was previously mined from a number of small open-pits that stretch over a
two kilometer strike length.
Sunridge has recently engaged AMEC Americas Limited to complete a
comprehensive data review of all historic drill data on the Gupo deposit.
The review will include a geostatistical analysis of all data and evaluation
of the quality assurance and quality control programs of previous drill
programs. It is anticipated that this work will allow for an updated
resource estimate to be completed in the near future. The results will also
assist in planning the next phase of drilling at Gupo.
A large database exists for the Gupo Gold deposit as it has been subject to
three previous drill campaigns as follows:
* 1996 - 1998 - La Source Division Exploration ("La Source") drilled
124 reverse-circulation drill holes and 5 diamond drill holes;
* 2002 - Sub-Sahara Resources drilled 1 diamond drill hole;
* 2007 - Sunridge drilled 26 combination reverse-circulation/diamond
drill holes.
Based only on the La Source drilling information, currently, the Inferred
Resource at Gupo is 1,965,000 tonnes at an average grade of 2.99 g/t gold
containing 189,000 ounces of gold to a vertical depth of 80 meters. Sunridge
management believes that this resource can has the potential to be expanded
and upgraded from the inferred to indicated category by the inclusion of the
additional 27 drill holes completed by Sub-Sahara and Sunridge as well as by
further exploration drilling.
Medrizien Gold Prospect:
The Medrizien Gold prospect was also mined by the Italian colonists and was
one of the largest gold producers in the area by both open-pit and
underground methods. Sunridge management has recently completed sampling and
mapping of the Medrizien prospect in order to develop drill targets. 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. 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 gold mineralization in the Medrizien Gold prospect varies in thickness
from a few meters up to 25 meters over a 3 ½ kilometer strike length and
occurs in a stockwork of quartz veins associated with sulphides (pyrite and
chalcopyrite) and in a surrounding halo of sheared volcanic rocks with
sericite and pyrite.
About Sunridge
Sunridge Gold Corp. is a mineral exploration company focused on the
acquisition, exploration, discovery and development of precious and base
metal projects. The company is currently conducting exploration on the
Asmara Project in Eritrea. The Company has 62.4 million shares outstanding,
approximately $6 million in cash and the Company 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 Don Halliday or
Greg Davis at the numbers listed below.
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.
SUNRIDGE GOLD CORP.
"Michael Hopley"
Michael Hopley, President and Chief Executive Officer
For further information contact:
Don Halliday, Executive Vice President
Email:
<mailto:donh@sunridgegold.com?Body=%5B%20From%20the%20Sunridge%20Gold%20Corp
%2E%20website%20at%20http%3A%2F%2Fwww%2Esunridgegold%2Ecom%2Fs%2FPressReleas
es%2Easp%3FReportID%3D343387and%5FType%3DPress%2DReleasesand%5FTitle%3DSunri
dge%2DAdvances%2DWork%2DOn%2DGupo%2DGold%2DDeposit%2DMedrizien%2DProspect%2D
Yields%2DGrab%2D%2E%2E%2E%20on%20Fri%20Jun%204%2C%202010%20at%201%3A08%3A27%
20PM%20%5D%0D%0A%0D%0A> donh@sunridgegold.com(Email address obfuscated:
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Tel: 604-899-1505 (direct)
Greg Davis, VP Business Development
Email:
<mailto:greg@sunridgegold.com?Body=%5B%20From%20the%20Sunridge%20Gold%20Corp
%2E%20website%20at%20http%3A%2F%2Fwww%2Esunridgegold%2Ecom%2Fs%2FPressReleas
es%2Easp%3FReportID%3D343387and%5FType%3DPress%2DReleasesand%5FTitle%3DSunri
dge%2DAdvances%2DWork%2DOn%2DGupo%2DGold%2DDeposit%2DMedrizien%2DProspect%2D
Yields%2DGrab%2D%2E%2E%2E%20on%20Fri%20Jun%204%2C%202010%20at%201%3A08%3A27%
20PM%20%5D%0D%0A%0D%0A> greg@sunridgegold.com(Email address obfuscated:
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Tel: 604-688-1263 (direct)
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