Premier African Minerals (LON:PREM) – CORP: Circum Minerals update
Market Cap: £27m; Current Price: 0.68p
Mining licence approved
Circum Minerals a private company that Premier African Minerals holds 2m shares in (2%) has had its mining license for the Danakil Potash Project approved by the Council of Ministers of the Government of Ethiopia.
NORTHLAND CAPITAL PARTNERS VIEW: Positive news for Premier African Minerals that brings the Company another step closer to seeing the realisation of value from its interest in Circum Minerals.
Sunrise Resources (LON:SRES) – CORP: CS Project update
Market Cap: £1.5m; Current Price: 0.12p
From yesterday: Additional zones of pozzolan and perlite discovered
Sunrise Resources has expanded the CS Project, located in Nevada, following the discovery of additional zones of natural pozzolan and perlite.
Reconnaissance sampling from the Tuff Zone, a new area located 1.7km from the Main Zone, has returned positive test results for its use as a natural pozzolan.
Follow up mapping demonstrates that the Tuff Zone extends over 1.2km at a width of 200m. Additional samples from this area have been submitted for variability testing.
New areas of perlite have also been identified, sampled and submitted for expansion testing.
An additional 22 Mining Claims have been staked to cover the new targets. The Project area now covers 37 Mining Claims cover an area of 2.9km2.
NORTHLAND CAPITAL PARTNERS VIEW: The additional discovery of new zones of both pozzolan and perlite at the CS Project add to the scale of the project making it more attractive. The project development concept study is due to be completed in the coming weeks and this will give a clearer picture on how the project can be commercialised.