From: Biniam Haile \(SWE\) (eritrea.lave@comhem.se)
Date: Sat Dec 12 2009 - 15:01:26 EST
PRESS RELEASE
NR 2009-12
For Immediate Release
December 2, 2009
Vancouver, British Columbia
SUNRIDGE GOLD DRILLS
15.67 METRES OF 10.21% COPPER
AND 2.01 G/T GOLD AT THE
DEBARWA DEPOSIT, ASMARA PROJECT, ERITREA
Sunridge Gold Corp. (SGC/TSX.V) is pleased to announce assay results for
the first four diamond drill holes from the 2009 drill program at the
100% owned Debarwa high-grade copper-gold-zinc volcanogenic massive
sulphide (VMS) deposit in Eritrea. To date, thirty-five holes have been
completed with the objective of expanding the supergene and primary
zones. Further assays will be released as available.
DRILL HIGHLIGHTS:
DEBD-092: 36.75 metres grading 4.82% copper and 1.12 g/t gold, including
15.67 metres grading 10.21% copper and 2.01 g/t gold
DEBD-093: 24.00 metres grading 1.13% copper
DEBD-094: 26.15 metres grading 3.77% copper including 14.15 metres
grading 6.26% copper Holes DEBD-092 and 095 were drilled into the main
copper supergene zone at Debarwa to further define this zone and to get
fresh samples for further metallurgical testing. Results of DEBD-092 are
very encouraging because the high grade
copper supergene intercept in this hole is significantly wider than
predicted. In addition, drill hole DEBD-095 extended the high grade
supergene copper zone about 20 metres further down-dip.
Drill holes DEBD-093 and DEBD-094 were drilled to define and extend the
high-grade copper mineralization down-dip in the Debarwa South and
successfully intercepted the high-grade zone. The Debarwa south zone is
located approximately 400 metres south of the main Debarwa zone.
DEBD-092 and 094 both indicate potential to increase resources and
grades at the Debarwa VMS deposit (see attached map).
http://www.sunridgegold.com/i/pdf/2009-12-02_NR.pdf
Note: True thickness is estimated at approximately 90% of the drill
intervals reported in the table.
The objective of the drill program at Debarwa is to expand the existing
resources by testing nearby geophysical anomalies as well as attempting
to extend the high
grade copper-gold supergene zone to the south and to extend the
copper-zinc primary zone to depth. In addition, fresh samples for
metallurgical testwork were recovered.
In the existing resource at Debarwa the copper supergene zone has an
average grade of 5.36% copper using a 1% copper cut-off, and is
estimated to contain 158 million pounds of copper in the Indicated
category. The primary zone at Debarwa has not had significant
delineation drilling in previous programs and is open for expansion at
depth and along strike.
The primary zone has an average grade of 2.53% copper with 3.23% zinc in
the Indicated category using a 1% copper cut-off. (see the resource
statement below).
Michael J. Hopley is the Qualified Person for Sunridge and is the person
responsible for preparation of the technical information contained in
this news release. Mr. Hopley is President and Chief Executive Officer
of Sunridge.
ABOUT SUNRIDGE:
Sunridge Gold Corp. 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.
On October 2, 2009, Sunridge announced the signing of a definitive
exploration and funding agreement with Antofagasta Minerals S.A. to form
a strategic partnership whereby Antofagasta will fund US$10,000,000 of
exploration work over a five year period on the "Exploration Areas" of
the Asmara project to earn up to a 75% interest in these areas and also
invested US$5,000,000 in a non-brokered private placement. Sunridge has
approximately 76 million shares outstanding and $8.3 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.
Read more http://www.sunridgegold.com/i/pdf/2009-12-02_NR.pdf
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