The company paid for mapping and sampling within the Dicky Lee open pit at the up-for-sale Baker's Gold Project and to conduct infill soil sampling within the nearby DRL4 gold-in-soil anomaly.
Mapping and chip sampling of gold-bearing quartz-stockwork veins in the Dicky Lee open pit saw gold (Au) values of up to 32.1 grams per tonne (g/t), averaging 1.7 g/t.
Individual veins are generally narrow and so grades being reported cannot be considered representative of the deposit as a whole and no attempt was made to systematically evaluate the grade of the hydrothermally altered host dolerite although the few samples taken assayed up to 1.4 g/t Au, Sunrise advised.
Infill soil sampling at the DRL4 target, which lies some 750 metres (m) south-west of the Dicky Lee pit, confirmed a 500 metres-long gold-in-soil anomaly while increasing the tenor and enhancing the definition of drill target.
The target was drilled back in 1987 with the hole averaging 0.55 g/t Au over the 22m interval from 2m down-hole depth to the end of hole at 24m and the final 2m sample assayed 1.17 g/t Au.
“These new and positive exploration results were generated at low cost and enhance the value and marketability of the Baker's Gold project as we continue our divestment programme of non-core assets and focus on the development our CS Pozzolan-Perlite Project in Nevada, USA," said Patrick Cheetham, the executive chairman of Sunrise.