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From: Berhane Habtemariam (Berhane.Habtemariam@gmx.de)
Date: Wed Jun 15 2011 - 15:45:20 EDT
Sunridge Gold Announces Drill Results From Emba Derho Deposit, Asmara
Project, Eritrea
Wed Jun 15, 2011
_____
Sunridge Gold Corp. (SGC/TSX.V) announces that recent drill results from
the Emba Derho copper-zinc-gold deposit have extended the known
mineralization and intercepted significant widths and grades. The 5,000
meter diamond drill program has provided new assay data, additional
geo-technical data, and metallurgical samples to be used in the ongoing
pre-feasibility study that includes Emba Derho and the nearby Adi Nefas and
Gupo Gold deposits. These three deposits make up the Asmara North project,
part of the Asmara Project, Eritrea. Emba Derho is a large volcanogenic
massive sulphide deposit that has a surface gold zone underlain by zinc and
copper zones.
Highlights
* ED-268-D: Intersected 47.25 meters averaging 1.89% copper and 80.25
meters averaging 1.17% copper
* ED-271-D: Intersected 90.54 meters averaging 5.49% zinc including 24
meters averaging 7.34% zinc and 35 meters averaging 6.44% zinc
* ED-273-D: Intersected 142.79 meters averaging 5.16% zinc including
26.80 meters averaging 8.63% zinc
* ED-274-D: Intersected 32.35 meters averaging 1.72% copper
A summary of significant results follows:
Drill Hole
>From
meters
To meters
Interval --
meters
Gold
g/t
Silver g/t
Copper
%
Zinc
%
ED-266-D*
Drilled for geotechnical data - not sampled
ED-267-D*
Drilled for geotechnical data - not sampled
ED-268-D
55.85
96.75
40.90
0.23
11.27
0.22
2.33
Incl.
55.85
75.85
20.00
0.38
19.05
0.30
4.02
And
112.30
159.55
47.25
0.27
12.83
1.89
0.70
And
175.15
255.40
80.25
0.16
8.82
1.17
1.09
Incl
And incl
175.15
221.80
206.25
255.40
31.10
33.60
0.24
0.12
13.53
7.25
1.85
1.03
1.08
0.52
ED-269-D*
Drilled for geotechnical data - not sampled
ED-270-D*
Drilled for geotechnical data - not sampled
ED-271-D
121.75
212.29
90.54
0.25
4.23
0.21
5.49
Incl
121.75
147.23
24.00
0.23
4.63
0.19
7.34
And incl
152.23
187.23
35.00
0.07
2.84
0.22
6.44
And
247.93
364.74
114.81
0.051
3.82
0.78
0.097
ED-272-D*
Drilled for geotechnical data - not sampled
ED-273-D
49.21
235.97
186.76
0.49
9.84
0.084
4.44
incl
49.21
192.00
142.79
0.31
10.22
0.07
5.16
And incl
99.30
126.10
26.80
0.13
7.05
0.01
8.63
And incl
169.10
192.00
22.90
0.16
9.55
0.09
8.12
ED-274-D
47.35
79.70
32.35
0.21
13.17
1.72
1.10
And
87.72
111.70
23.98
0.10
5.79
1.00
0.41
ED-275-D
Drilled for geotechnical data - not sampled
ED-276-D
425.30
432.70
17.40
0.36
18.36
1.17
4.93
* Geotechnical holes were drilled to collect samples for rock competency
tests in order to optimize pit slopes for the proposed Emba Derho open pit
mine design as part of the pre-feasibility work.
Diamond drill holes ED-268, 271 and 273 were drilled to test the Emba Derho
Main mineralized synclinal structure at depth and were successful in
extending the mineralized zone for another 50 to70 meters. - see map and
cross-section at the end of this release.
Diamond drill hole ED-276-D was successful in extending mineralization about
50 meters along strike to the Northeast.
Diamond drill hole ED-274-D was drilled to test the middle of the three Emba
Derho mineralized synclinal structures at depth and take samples for
metallurgy and dense media separation (DMS) tests. This drill hole was
successful in confirming the grades of copper and zinc as well as the width
of the mineralized structure.
Notes:
1. All drill holes reported are diamond 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 <http://www.sedar.com> 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.
Current Emba Derho Resource:
The September 10, 2008 Wardrop Engineering Inc. Indicated resource estimates
for Emba Derho are summarized as follows:
Zone
Cut-off
grade
Million
Tonnes
Copper
%
Zinc
%
Gold
g/t
Silver
g/t
Gold Oxide
0.2 g/t Au
3.51
0.06
0.04
0.84
5.14
Copper-rich
Primary
0.5% Cu
38.425
1.02
0.99
0.18
9.31
Zinc-rich
Primary
1.0% Zn
20.545
0.28
2.35
0.39
12.13
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 $18.5 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 Greg Davis at the
number 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/pdf/ED-NR-June-15-2011-Long-Section-2011-v15.
pdf>
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1-v15.jpg
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<http://www.sunridgegold.com/i/pdf/ED-NR-June-15-2011-Plan-2011-v15.pdf>
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