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From: Er-News (er_news@dehai.org)
Date: Sat Sep 10 2011 - 22:30:10 EDT
VANCOUVER, BRITISH COLUMBIA, Sep 09, 2011 (MARKETWIRE via COMTEX) --
Sunridge Gold Corp. /quotes/zigman/305928 CA:SGC +2.99%
(otcqx:SGCNF) announces that it has commenced an additional 6,000
metres of drilling at the Gupo Gold deposit located on the Company's
100% owned Asmara Project, Eritrea. The results of this program will
be an important step towards completing the ongoing prefeasibility
study on the Asmara North Deposits which include Gupo, Emba Derho and
the Adi Nefas deposits.
This next phase of drilling will total about 6,000 metres and will
include approximately 5,000 metres of reverse circulation drilling of
60 closely spaced drill holes and approximately 1,000 metres of
diamond drilling of 8 drill holes. The purpose of the diamond drill
holes is to obtain; better geological correlation between core to
reverse circulation samples, information for geotechnical and pit
slope evaluation, samples for leach tests and also to investigate
extensions to depth where the mineralization appears to be
strengthening. The program is expected to be completed within about
30 days.
Gold mineralization at Gupo extends over a strike length of
approximately 1.6 kilometres and is associated with stockwork quartz
veins and a sericite alteration halo controlled by a shear zone 10 to
20 metres in width. The resource is at surface and drilling has shown
mineralization to extend at least to 80 metres vertical depth and
remains open at depth.
The Inferred resource estimates for Gupo (then referred to as Adi
Nefas Doop) are from a 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 www.sedar.com ) is summarized as follows:
Gupo Gold - Inferred Resources
Tonnes Average Gold Grade g/t
Ounces of Gold
1,965,000
2.99 189,000
The Qualified Person responsible for the release of this exploration
information 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 $15
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 Greg Davis at the numbers listed below.
SUNRIDGE GOLD CORP.
Michael Hopley, President and Chief Executive Officer
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, labor 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.
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.
Contacts:
Sunridge Gold Corp.
Greg Davis
VP Business Development
604-688-1263
greg@sunridgegold.com
www.sunridgegold.com
SOURCE: Sunridge Gold Corp.
mailto:greg@sunridgegold.com
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