Sunridge Gold lands mining licences for Asmara project
Asmara is forecast to start commercial mining operations in the third quarter of 2016
Company
CVE:SGC
Sunridge Gold Corp. (SGC-TSX-V) is an exploration and development company that completed a positive feasibility study for the high grade Debarwa copper, gold and zinc deposit on May 14, 2012 and a positive pre-feasibility study on all four deposits of the Asmara Project, Emba Derho, Adi Nefas, Debarwa and Gupo Gold on May 2, 2012 showing a Base Case NPV of $555 million and IRR of 27% (10% discount rate).
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Asmara is forecast to start commercial mining operations in the third quarter of 2016
The Asmara Project, held by the Asmara Mining Share Company (AMSC), a joint-venture company of which Sunridge owns 60% and the Eritrean National Mining Corporation ("ENAMCO") owns 40%. Sunridge would be the sole buyer for the Perry Estate N
The Asmara Project, comprising six defined deposits - four of which are the subject of a feasibility study completed in May 2013 and are currently in the permitting process –is held by the Asmara Mining Share Company (AMSC), a joint-venture
Looking for your next resource investment? Look no further. Retail investors will have a unique opportunity to meet the senior management teams of some of Canada's top junior resource companies at the Subscriber Investment Summit in Toronto
Looking for your next resource investment? Look no further. Retail investors will have a unique opportunity to meet the senior management teams of some of Canada's top junior resource companies at the Subscriber Investment Summit in Toronto
Looking for your next resource investment? Look no further. Retail investors will have a unique opportunity to meet the senior management teams of some of Canada's top junior resource companies at the Subscriber Investment Summit in Toronto
Looking for your next resource investment? Look no further. Retail investors will have a unique opportunity to meet the senior management teams of some of Canada's top junior resource companies at the Subscriber Investment Summit in Toronto
Looking for your next resource investment? Look no further. Retail investors will have a unique opportunity to meet the senior management teams of some of Canada's top junior resource companies at the Subscriber Investment Summit in Toronto
With further quantitative easing action looming, gold is rebounding and prices have hit five-month highs in recent days.
With further quantitative easing action looming, gold is rebounding and prices have hit five-month highs in recent days.
With further quantitative easing action looming, gold is rebounding and prices have hit five-month highs in recent days.
With further quantitative easing action looming, gold is rebounding and prices have hit five-month highs in recent days.
With further quantitative easing action looming, gold is rebounding and prices have hit five-month highs in recent days.