07:00 Tue 18 Dec 2018
Sunrise Resources - VR Resources Ltd - Junction Project Update
SUNRISE RESOURCES PLC
("Sunrise" or the "Company")
VR Resources Ltd -
VRR has issued the shares to the Company in part consideration of the acquisition of the
Under the terms of the Company's agreement with VRR the issue of shares became due on the start of drilling and a further 250,000 shares are due to the Company in the event that VRR completes a 43-101 compliant mineral resource estimate for the
Sunrise also holds a 3% net smelter return royalty interest in the original 15 claims sold to VRR and all additional claims staked by VRR within a 2-mile radius.
Details of the proposed drill programme to test the Denio Summit target were given in the Company's announcement of
Commenting today Sunrise Executive Chairman
For further information, visit www.sunriseresourcesplc.com or please contact:
Further information:
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Tel: |
+44 (0)1625 838 884 |
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Nominated Adviser |
Tel: |
+44 (0)20 7628 3396
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Broker |
Tel: |
+44 (0)203 700 0093 |
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
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Natural pozzolan is a rock or mineral having cementitious properties that can replace fly-ash and ordinary Portland cement in mortar and concrete mixes. This includes raw perlite which also has a wide range of horticultural and industrial uses based on its ability to expand up to 20 times its volume on heating.
Sunrise also holds a portfolio of drill ready precious and base metal and other industrial mineral projects in
Shares in the Company trade on AIM. EPIC: "SRES".
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