VR Resources Ltd revealed that its ongoing surface exploration this spring has strengthened the targets within the high-grade copper-silver-gold vein system at the Junction Project, in which Sunrise holds an interest.
VR said it continued to compile and synthesize new data towards the prioritisation of targets for a first-pass drill programme planned for this autumn.
The company said the summary update for the Denio Summit Target, which occurs wholly within the Sunrise area of interest, revealed 1.5km trend of surface showings of copper-silver-gold quartz veins and pegmatites.
Patrick Cheetham, executive chairman, commented: "I am pleased to see that VR is continuing its systematic exploration of this exciting property and planning a drill programme this autumn, an event that triggers a further issue of shares to Sunrise.”
He added: “Whilst our focus remains firmly on developing the CS Project in Nevada, this news is a timely reminder of the value that we have built up in our wider portfolio of drill stage exploration projects.”
In afternoon trading, Sunrise Resources shares jumped 4.8% to 0.17p.