Proactive Investors - Run By Investors For Investors

Sunrise Resources gets the go-ahead for work programme at NewPerl

NewPerl is part of the wider CS pozzolan-perlite project in Nevada
Sunrise Resources gets the go-ahead for work programme at NewPerl
A perlite bulk sample from CS

Sunrise Resources PLC shares jumped on Tuesday as it said it has had its permit submission for exploration at the NewPerl perlite project in the USA approved by the Bureau of Land Management.

The work programme is designed to test the Knoll prospect at NewPerl.

READ: SVS has ‘speculative buy’ on Sunrise Resources, sees 0.41p target rising sharply as permitting progresses

The permit allows for eight drill holes and bulk sampling of up to 1,000 tons.

Perlite from the surface of the Knoll Prospect has returned excellent expansion results in testing for coarse and super coarse horticultural applications.

"We see potential for the NewPerl project to provide a supplemental feed to the CS project,” said Sunrise chairman Patrick Cheetham.

“Our objective is to define mineable tonnages of premium quality perlite that can be processed using the planned CS project infrastructure. This will allow us to move into commercial-scale testing of samples from NewPerl at a much earlier stage than was possible for the CS project."

In afternoon trading, shares in Sunrise Resources were 10% higher at 0.11p.

 -- Adds share price --


View full SRES profile View Profile

Sunrise Resources PLC Timeline

Related Articles

A map showing Comet's Springdale Graphite Project on WA's south coast
May 05 2019
New CEO Philippa Leggat joined the junior last week to explore the Esperance area project’s commercial potential.
Man holds gold nugget
The company’s portfolio includes three gold projects.
April 30 2019
A recent scoping study put a net present value (NPV) on the Castilla y León project of US$110mln

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use