Sunrise Resources heads towards production at CS and steps up precious metal exploration
- Sunrise Resources shares rise as new analysis upgrades Baker’s gold results
- Sunrise Resources' present market opportunities for pozzolan and role in green energy transition
Quick facts: Sunrise Resources PLC
Price: 0.24 GBX
Market Cap: £8.88 m
About the company
Sunrise Resources PLC aims to develop profitable mining operations at the CS Pozzolan-Perlite Project in Nevada, USA and unlock the value inherent in its diverse portfolio of industrial minerals, precious metals and base metal projects.
The company currently operates with a low-cost base to maximise the funds that can be spent on value adding exploration and development activities.
How it is doing
The company, in a statement, told investors that a routine re-analysis of high-grade samples returned better results than before.
As example, Sunrise noted that in the new analysis drill hole 21SBRC002 on the DLR4 Target the results showed 14.4 grams per tonne gold across 2 metres, from 64 metres downhole, including 1 metre at 26.5 g/t – this compares with the prior analysis which showed 11.5 g/t and 20.4g/t over the 2 metres at the same depth.
“This is a pleasing result as the prime objective in conducting the re-analysis was to make sure the original analysis did not over-report the gold content due to the potential for the nugget effect,” said executive chairman Patrick Cheetham. “The higher values being reported today are considered to be a more accurate measure of the gold grade due to the larger sample size."
Two commercial concrete pours were carried out by a large cement and ready-mix company (CRMC) as due diligence towards a commercial agreement. The preliminary results showed early strength gain beating targets and the concrete strengths after just seven days curing exceeding 24-day target strengths.
Sunrise Resources PLC (LON:SRES) has returned high-grade gold assay results from the recently completed drill programme at its wholly owned Baker's gold project in the Meekatharra district of the Murchison Goldfield in Western Australia.
Five holes were drilled to depths of between 100 metres and 200 metres for a total of 589 metres.
What management says
Sunrise Resources PLC (AIM:SRES, FRA:S4D) (AIM:SRES, FRA:S4D) (AIM:SRES) executive chairman Patrick Cheetham joins Proactive London to talk about the market opportunities in the pozzolan sector as well as their most recent results from recent commercial concrete pours using natural pozzolan from its CS pozzolan-perlite deposit in Nevada, US.
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