Sunrise Resources PLC

Sunrise Resources excited by VR Resources’ latest discovery at Junction property in Nevada

VR’s Junction property shares many characteristics with the Robinson porphyry copper deposit, also in Nevada, which has a history going back to 1876 and is still in production today

VR Resources junction property
Sunrise is entitled to 3% of any production from certain areas of the property, including Denio Summit and Lone Mountain

Canada-listed explorer VR Resources has discovered a Cretaceous-age porphyry copper system at its Junction property in Nevada – a project it bought from Sunrise Resources Plc (LON:SRES) in the summer of 2017.

As part of the sale, it was agreed that Sunrise would receive a 3% cut of future production, while the AIM company also has a small stake in VR.

READ: VR Resources confirms porphyry copper system at Junction property in Nevada

Vancouver-based VR has completed two reconnaissance drill holes at Junction, one at each of the Denio Summit and Granite Mountain targets which lie at either end of the mineralised trend.

The plan now is to focus on those two areas, as well as the Lone Mountain target. Only Granite Mountain falls outside of the area where Sunrise holds the 3% net smelter royalty.

“This is great news,” said Sunrise executive chairman Patrick Cheetham.

“VR has stated that the upside potential of the porphyry-style copper mineralization discovered in this drill program lies in its age.

“The Junction property is hosted within a polyphase, middle Cretaceous batholith that has the same age as the Robinson porphyry copper deposit at Ely, Nevada which has a history going back to 1876 and which is still in production today operated as a large open-pit mine by KGHM Polska Miedz S.A. This is a proven analogue for further exploration at Junction.”

Quick facts: Sunrise Resources PLC

Price: £0.00

Market: AIM
Market Cap: £2.61 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


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...

In exchange for publishing services rendered by the Company on behalf of Sunrise Resources PLC named herein, including the promotion by the Company of Sunrise Resources PLC in any Content on the Site, the Company...



Sunrise Resources' Patrick Cheetham details permitting developments at CS...

Sunrise Resources PLC's (LON:SRES) Patrick Cheetham tells Proactive London's Andrew Scott he believes they're on track to be fully permitted later in the fourth quarter of this year for their CS Pozzolan-Perlite project in Nevada, USA. Sunrise has told investors that following a meeting...

2 weeks, 6 days ago

2 min read