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Sunrise Resources lifted by VR Resources' exploration success at Junction project

A large high-contrast gravity anomaly at the Denio Summit confirms the down dip potential of copper-silver veins at the Junction project, all in the Sunrise area of interest
Copper chemical symbol
Sunrise holds shares in VR and ongoing interests in the Junction project that may result in additional VR shares being issued to Sunrise if certain exploration milestones are met

Shares in Sunrise Resources Plc (LON:SRES) surged after an exploration update on the Junction project in Nevada, in which Sunrise has an interest.

VR Resources Ltd (CVE:VRR) revealed that surface exploration is in progress at its Junction copper-silver property in north-western Nevada.

A gravity survey has been completed and a large, high contrast gravity anomaly has confirmed the down-dip potential of copper-silver veins at the Denio Summit target in the western part of the property.

An induced polarisation survey (IP) is now taking place to evaluate and refine the target.

VR also revealed that it had increased the size of the Junction property again by staking an additional 19 claims within the area in which Sunrise is interested.

“We are compelled to see the strong spatial association of the gravity anomaly and surface copper-silver showings at the Denio Summit target; the size and magnitude (density contrast) of the anomaly are evidence for the down-dip continuation of the sulphide veins, and potentially a sulphide bearing intrusive source,” VR said.

“The overall vein system at Junction extends for six kilometres along the Antelope Shear Zone; our work this spring will increase our understanding of the entire system, and more specifically refine and evaluate the Denio Summit target for first-pass drilling," the company added.

Shares in Sunrise were up 4% at 0.13p in lunchtime trading.

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