14:41 Wed 07 Nov 2018
Sunrise Resources - Junction Project - Exploration Update
("Sunrise" or "the Company")
7 November 2018
VR COMPLETES AIRBORNE EM SURVEY AND PREPARES FOR DRILLING ON ITS JUNCTION COPPER-SILVER PROPERTY IN
This follows on from the exploration update announced on
Highlights
VR has announced that field preparations are now underway for a targeted, first pass drill programme on the copper-silver mineralization at Junction. The company has received final approvals for required drill permits, a drill contract has been executed, and start-up is planned for later this month. Highway access to the property, and ranch roads throughout the property facilitate cost-effective exploration at Junction. This drill programme is the result of more or less continuous surface exploration at Junction since April, 2018.
VR reports that the copper-silver mineralization at Junction has been sampled at surface along a 6 kilometre trend, in coarse-grained quartz-feldspar granite dykes hosted within a sheared, polyphase cretaceous batholith and that bornite-chalcopyrite copper sulfide aggregates contain micro-inclusions of silver, resulting in a nearly 1:1 correlation of copper and silver in assay data from more than 100 samples. VR states that the correlation does not vary along the 6 kilometre trend, nor does it vary depending on the copper grade of a sample, or the ratio of copper sulfide versus oxide.
VR's two drill targets include the Denio Summit Target at the western end of the copper-silver trend. The
VR reports the following information at this target:
· a series of mineralized quartz-feldspar granite dykes and gold-bearing quartz veins occur at surface along a 1.5 kilometre trend;
· a broad soil anomaly with copper, silver, gold and tungsten enriched in multiple stations on multiple lines underlies the northern 1,000 m of the surface trend of showings;
· geophysical test lines identify chargeability and resistivity anomalies below the surface dykes;
· VR will drill-test these anomalies in the area of a sharply defined, 400 metre in diameter gravity anomaly which potentially outlines a larger-volume source body to the mineralized, altered granite dykes and veins at surface.
Executive Chairman
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Further information
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Notes:
1. Sunrise holds shares in VR and ongoing interests in the
2. The version of this news release posted on the Sunrise website will include additional illustrative maps. More complete information on the Junction property overall, including field photographs and maps, is available at the Company's website at www.sunriseresourcesplc.com
3. The information in this release has been compiled and reviewed by Mr.
Shares in the Company trade on AIM. EPIC: "SRES". Website: www.sunriseresourcesplc.com
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