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

NewPerl is part of the wider CS pozzolan-perlite project in Nevada

1557818314_Sunrise---perlite-bulk-sample.jpg
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 --

 

Quick facts: Sunrise Resources PLC

Price: 0.115 GBX

AIM:SRES
Market: AIM
Market Cap: £3.56 m
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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...

on 1/8/19

2 min read