From: Berhane Habtemariam (Berhane.Habtemariam@gmx.de)
Date: Tue Jul 06 2010 - 15:57:35 EDT
Sunridge Gold Reports 52 Metres of 0.97 g/t Gold and 0.62% Copper at Adi
Rassi, Asmara Project, Eritrea
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 6, 2010) - Sunridge Gold
Corp. (TSX VENTURE:SGC) ("Sunridge") is pleased to report results from
re-assays of drill core from four diamond drill holes conducted by a
previous operator at the Adi Rassi copper-gold prospect within the Asmara
Project in Eritrea. The holes were drilled by Golden Star Resources in 1996
at Adi Rassi but only short select intervals of the core had previously been
sampled and assayed. Adi Rassi is located within the "Exploration Areas" and
is part of the joint-venture exploration funding agreement with Antofagasta
Minerals S.A. ("Antofagasta").
Highlights from the re-assayed drill core from Adi Rassi include:
* 20.0m (from 116.0m to 136.0m) of 0.09 g/t gold and 0.90% copper in
ARBH-1 and 8.0m (from 160.0 to 168.0m) of 0.15 g/t gold and 1.02% copper
* 24.0m (from 90.0m to 114.0m) of 1.43 g/t gold and 1.34% copper in
ARBH-2 including 14.0m (from 100.0m to 114.0m) of 2.39 g/t gold and 1.86%
copper
* 52.0m (from 86.0m to 138.0m) of 0.97 g/t gold and 0.62% copper in
ARBH-3 including 8.0m (from 114.0 to 122.0m) of 2.97 g/t gold and 0.85%
copper
* 14.0m (from 102m to 116.0m) of 0.13 g/t gold and 1.06% copper in
ARBH-4 and 2.0m (from 186.0m to 188.0m) of 0.52 g/t gold and 2.03% copper
Results are expected at the end of July from the recently completed drill
program by the Sunridge/Antofagasta joint-venture at Adi Rassi (news release
dated May 12, 2010) which consisted of 4 holes totaling 1,243 metres of
diamond drilling (to see plan map please click on:
<http://media3.marketwire.com/docs/sgc76.pdf>
http://media3.marketwire.com/docs/sgc76.pdf).
Based on recent detailed geological mapping and sampling Adi Rassi is now
considered to be a potentially large and continuous zone containing
significant copper and gold mineralization. Consequently the
Antofagasta/Sunridge joint-venture has now completed a geological mapping
and sampling program of Adi Rassi and the results show that alteration
associated with copper mineralization can be seen at surface in a zone that
measures about 80m wide along a strike length of approximately 500m. This
mineralized zone is associated with a major shear zone that trends northeast
for over 3km.
During the 1930's the Italians mined Adi Rassi by excavating 10 to 20m deep
pits along the shear zone to mine oxide copper, most of which was focused in
the mineralized South Hill zone.
The Adi Rassi copper/gold prospect is located about 8km southeast of
Sunridge's 100% owned Debarwa high-grade copper/gold VMS deposit. The copper
and gold mineralization at the Adi Rassi prospect is associated with quartz
veins and breccia zones along a major shear zone that trends northeast and
dips steeply to the west. This mineralization is mainly hosted in strongly
foliated and distorted altered mafic volcanic tuff and flows.
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
$5 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 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 Adi Rassi copper-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 Adi Rassi copper-gold prospect sampling program 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, President and Chief Executive Officer
This press release contains forward-looking statements about the Company and
its business. Forward looking statements are statements that are not
historical facts and include resource estimates. The forward-looking
statements in this press release are subject to various risks, uncertainties
and other factors that could cause the Company's actual results or
achievements to differ materially from those expressed in or implied by
forward looking statements. These risks, uncertainties and other factors
include, without limitation risks related to fluctuations in gold prices;
uncertainties related to raising sufficient financing to fund the planned
work in a timely manner and on acceptable terms; changes in planned work
resulting from weather, logistical, technical or other factors; the
possibility that results of work will not fulfill expectations and realize
the perceived potential of the Company's properties; uncertainties involved
in the interpretation of drilling results and other tests and the estimation
of gold resources; the possibility that required permits may not be obtained
on a timely manner or at all; the possibility that capital and operating
costs may be higher than currently estimated and may preclude commercial
development or render operations uneconomic; the possibility that the
estimated recovery rates may not be achieved; risk of accidents, equipment
breakdowns and labor disputes or other unanticipated difficulties or
interruptions; the possibility of cost overruns or unanticipated expenses in
the work program; and other factors identified in the Company's filings with
Canadian securities regulatory authorities. Forward-looking statements are
based on the beliefs, opinions and expectations of the Company's management
at the time they are made, and other than as required by applicable
securities laws, the Company does not assume any obligation to update its
forward-looking statements if those beliefs, opinions or expectations, or
other circumstances, should change.
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