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Sunrise Resources hits high grade gold in Meekatharra

Sunrise also has a highly attractive portfolio of assets in Nevada

Sunrise Resources PLC -

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.

One hole hit two metres of 11.5 grams per tonne gold from 64 metres downhole.

In addition, the drill testing of the Dicky Lee pit encountered multiple narrow zones of low-grade gold mineralisation, with a best intersection of one metre grading 2.2 grams gold.

"The objective of the drilling was to enhance the value of the project for sale or joint venture whilst remaining focused on the development of our CS pozzolan-perlite project in Nevada,” said Sunrise executive chairman Patrick Cheetham.

“The drill programme was completed on schedule and under budget. The high-grade gold drill intersection in hole 21SBRC002 was made in a three-hole traverse drilled to test beneath a surface gold-in-soil anomaly and warrants immediate follow up. The soil anomalies extend over 500m so we are hopeful that the mineralisation will have good strike extent, but further drilling will be required to determine the full potential of this high-grade mineralisation.”

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Price: 0.243 GBX

Market Cap: £9 m

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