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From: Berhane Habtemariam (Berhane.Habtemariam@gmx.de)
Date: Mon Jun 06 2011 - 18:59:10 EDT
Sunridge Gold Announces Drill Results from Gupo Gold Deposit, Asmara
Project, Eritrea
Mon Jun 6, 2011
_____
Sunridge Gold Corp. (SGC/TSX.V) announces it has received encouraging gold
assays for the first 27 of 51 reverse-circulation drill holes from the
recent program at the Gupo Gold deposit on the Company's 100% owned Asmara
Project, Eritrea. The approximately 4,500 meter drilling program was
designed to expand and upgrade the current Inferred resource at Gupo to the
Measured and Indicated categories as part of the ongoing prefeasibility
study on the Asmara North Deposits which include the Emba Derho, Adi Nefas,
and Gupo Gold deposits.
Gold mineralization at Gupo extends over a strike length of 1.6 kilometers
and is associated with stockwork quartz veins and a sericite alteration halo
controlled by a shear zone.. Current resources contain 189,000 ounces of
gold at an average grade of 2.99 g/t (see details of resources at the end of
this news release) The resource is at surface and extends down to 80 meters
vertical depth and remains open. As can be seen in the attached map the
results of these first 27 holes extend over only about a 600 metres strike
length in the northern part of the deposit.
Highlights
* Drill hole GG-028-R intersected 37 meters averaging 1.51 g/t gold
* Drill hole GG-030-R intersected 9 meters averaging 9.26 g/t gold
* Drill hole GG-036-R intersected 47 meters averaging 2.13 g/t gold
* Drill hole GG-039-R intersected 29 meters averaging 2.05 g/t gold
* Drill hole GG-047-R intersected 64 meters averaging 1.25 g/t gold
"We are very pleased with the gold results in the first 27 holes, "commented
Michael Hopley, President and CEO of Sunridge Gold. "The results appear to
support the previous resources and we hope that when we have received all
the results the resource at Gupo will be both extended and upgraded and
become part of proposed early mining operations at Asmara North". A summary
of significant results are as follows:
Drill Hole
>From Metres
To Metres
Interval Meters
Gold g/t
GG-027-R
28.00
31.00
3.00
0.66
GG-028-R
11.00
94.00
83.00
0.78
including
38.00
75.00
37.00
1.51
GG-029-R
9.00
17.00
8.00
0.96
and
58.00
69.00
11.00
0.72
GG-030-R
0.00
9.00
9.00
9.26
and
96.00
99.00
3.00
1.06
GG-031-R
2.00
7.00
5.00
1.68
and
53.00
57.00
4.00
0.92
and
84.00
93.00
9.00
0.82
and including
86.00
91.00
5.00
1.35
GG-032-R
12.00
29.00
17.00
1.31
and
63.00
70.00
7.00
1.09
and
76.00
78.00
2.00
0.66
and
85.00
88.00
3.00
0.57
GG-033-R
7.00
28.00
21.00
0.97
including
12.00
26.00
14.00
1.38
and
44.00
49.00
5.00
0.58
GG-034-R
52.00
54.00
2.00
0.95
and
84.00
100.00
16.00
0.51
including
92.00
98.00
6.00
1.04
GG-035-R
58.00
66.00
8.00
0.65
and
74.00
78.00
4.00
0.85
GG-036-R
17.00
64.00
47.00
2.13
including
17.00
47.00
30.00
3.28
GG-037-R
5.00
26.00
21.00
1.11
GG-038-R
75.00
87.00
12.00
1.40
including
81.00
87.00
6.00
2.59
GG-039-R
5.00
91.00
86.00
0.83
including
7.00
36.00
29.00
2.05
GG-040-R
no significant results
GG-041-R
33.00
35.00
2.00
0.55
GG-042-R
23.00
25.00
2.00
1.22
GG-043-R
0.00
17.00
17.00
1.10
including
8.00
17.00
9.00
1.45
and
96.00
99.00
3.00
0.77
GG-044-R
8.00
46.00
36.00
0.77
including
9.00
17.00
8.00
1.41
and
74.00
80.00
6.00
1.67
and
92.00
96.00
4.00
0.98
GG-045-R
0.00
37.00
37.00
0.75
including
0.00
21.00
21.00
0.95
GG-046-R
52.00
92.00
40.00
0.53
including
59.00
74.00
15.00
1.05
GG-047-R
10.00
74.00
64.00
1.25
including
10.00
25.00
12.00
3.04
GG-048-R
0.00
18.00
18.00
1.03
and
52.00
55.00
3.00
0.64
and
72.00
76.00
4.00
0.54
GG-049-R
no significant results
GG-050-R
22.00
33.00
11.00
0.98
GG-051-R
28.00
31.00
3.00
0.51
and
75.00
81.00
6.00
0.74
GG-052-R
49.00
52.00
3.00
1.34
Notes:
1. All drill holes reported are reverse-circulation drill holes.
2. Drill intercept lengths only are reported in the tabulations; it is
estimated that true width will be approximately 80% of the reported drill
intercept length.
3. A Quality Assurance/Quality Control program is part of the drilling
program on the Asmara Project. This program includes chain of custody
protocol as well as systematic submittals of standards, duplicates and blank
samples into the flow of samples produced by the drilling.
4. A description of the geology, sampling procedures, and the Company's
laboratory Quality Assurance / Quality Control procedures are as described
in each of the Company's most recent National Instrument 43-101 Technical
Reports filed and dated March 15, 2007. These reports are available on the
Company's profile at www.sedar.com.
5. Samples are prepared at African Horn Testing Services (Eritrea) and
analyzed at Genalysis Laboratories (a NATA registered laboratory) in Perth
Western Australia.
6. The Qualified Person responsible for the release of this exploration
information is Michael Hopley, President and Chief Executive Officer of
Sunridge Gold Corp.
Gupo Gold Resources Inferred resource estimates for Gupo (then referred to
as Adi Nefas Doop) from report titled "Independent Consulting Geologists
Technical Report - Asmara Project" prepared by Blackburn, G. and Chisholm,
R., dated April 2004 (which may be viewed under Sunridge's profile on SEDAR
at <http://www.sedar.com> www.sedar.com) are summarized as follows:
Gupo Gold - Inferred Resources
Tonnes
Average Gold Grade g/t
Ounces of Gold
1,965,000
2.99
189,000
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 $20 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:
Greg Davis, VP Business Development
Email: <mailto:greg@sunridgegold.com> greg@sunridgegold.com
Tel: 604-688-1263 (direct)
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.
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
to 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.
<http://www.sunridgegold.com/i/maps/GG-3K-1-8x11-v3.jpg>
http://www.sunridgegold.com/i/maps/GG-3K-1-8x11-v3-sm.jpg
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