Stocktube video
09/12/2013

Sunridge Gold says fundraiser provides validation of the quality of its flagship asset

View full size
Additional Information
Market: TSX-V
Sector: General Mining - Gold
EPIC: SGC
Latest Price: C$0.18  (5.88% Ascending)
52-week High: C$0.30
52-week Low: C$0.13
Market Cap: C$37.79M
1 year chart
Deal SGC Tax Free*
*subject to change and depends on individual circumstances.
1 day chart
Advertisement
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Sunridge Gold Corp
www.sunridgegold.com
Deal Sunridge Gold Corp Tax Free* Losses can exceed
your initial deposit
*subject to change and depends on individual circumstances.

Sunridge Gold Corp. (SGC-TSX-V) is focused on exploration and development of the Asmara copper-zinc-gold-silver Project in Eritrea and has now defined six NI 43-101 deposits on the Project.

A Feasibility Study on the 4 advanced projects on the Asmara Project was completed in May 2013, which demonstrated very strong economics; NPV...

Read more
Pdf

Sunridge Gold, Nevsun Resources assure Asmara is calm, shares still fall

January 21 2013, 9:23pm Sunridge said that information from the company's in-country staff is that Asmara is calm, and 'these events have had no effect on Sunridge's ongoing engineering studies and drilling operations in the country.'

Shares in gold companies with mines or projects in Eritrea fell sharply Monday, after reports from international news agencies broke out that more than 100 dissident soldiers with tanks stormed the Ministry of Information in the small East African nation and forced state media to call for political prisoners to be freed. 

Nevsun Resources (TSE:NSU), which operates its Bisha mine in the country, issued a statement that said it has received confirmation that the capital city of Asmara - where the ministry of information building is located - is calm. Its shares still fell almost 8% to $4.26 on the uncertainty. 

Junior gold explorer Sunridge Gold (CVE:SGC), which is working to develop its Asmara project in the nation, saw its shares tumble over 20% to 22.5 cents. Sunridge said that information from the company's in-country staff is that Asmara is calm, and "these events have had no effect on Sunridge's ongoing engineering studies and drilling operations in the country."

Eritrea has been led by Isaias Afewerki for some two decades since it split from Ethiopia in 1991, and the country has become increasingly isolated. 

Reuters reported that the dissident soldiers have not gone as far as to demand the overthrow of the government, which has been accused of human rights abuses. 

The news agency noted that between 5,000 and 10,000 political prisoners are being held in the country of about 6 million people, citing a United Nations human rights chief from last year that  Eritrea of torture and summary executions.

There was no immediate statement from the Asmara government, Reuters said. 

According to reports, there have been worsening economic issues in the nation that have soured relations between the government and soliders in the past few months. 

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.