Bay State Silver Project - Drill Start

RNS Number : 4403I

Sunrise Resources Plc

30 August 2016

 

SUNRISE RESOURCES PLC

30 August 2016

Bay State Silver Project - Drill Start

Sunrise Resources plc (ticker symbol 'SRES'), the AIM-traded diversified mineral exploration and development company ("the Company"), is pleased to announce a date for the start of the second phase of drilling at its Bay State Silver Project in Nevada.

HIGHLIGHTS:

·     Drill programme to commence on Tuesday 7^th September; expected duration 2 weeks.

·     Three drill holes planned as follow up to high-grade silver mineralisation found in Phase 1 drilling.

·     Two holes to test Chihuahua Vein south of Mining Canyon and beneath 19^th/20^th Century mine workings.

·     Additional hole planned as first test of Lincoln Vein System.

·     Archaeological clearance work completed satisfactorily.

·     Assay results expected within 6 weeks of programme completion.

·     Objective is to demonstrate continuity of mineralisation along strike, to justify a substantial resource definition drilling programme and a scoping study for the development of future mining operations.

Commenting today, Executive Chairman Patrick Cheetham said: "We are pleased to be announcing a start date for drilling, and we look forward to releasing results as soon as they become available."

Further information:

Sunrise Resources plc Patrick Cheetham, Executive Chairman	Tel:	[phone]
Northland Capital Partners Limited Nominated Adviser & Broker Edward Hutton/David Hignell John Howes/Rob Rees	Tel:	[phone]
Beaufort Securities Limited Joint Broker Jon Belliss	Tel:	[phone]

Further information on the Bay State Silver Project, including maps, photos, previous drilling results and an underground video tour of the Chihuahua Adit are available on the Bay State Project page of the Company website:

http://www.sunriseresourcesplc.com/projects/bay-state-silver-project

Notes:

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014 of the European Parliament and of the Council.

The information in this release has been compiled and reviewed by Mr. Patrick Cheetham (MIMMM, MAusIMM) who is a qualified person for the purposes of the AIM Note for Mining and Oil & Gas Companies. Mr. Cheetham is a Member of the Institute of Materials, Minerals & Mining and also a member of the Australasian Institute of Mining & Metallurgy.

Notes to Editors:

About Sunrise Resources plc

Sunrise Resources plc is an AIM-traded diversified mineral exploration and development company. The Company's objective is to develop profitable mining operations to sustain the Company's wider exploration efforts and create value for shareholders through the discovery of world-class deposits.

The Company is exploring a number of precious metal, base metal and industrial mineral projects in Nevada, USA. The Company holds a royalty interest from EP Minerals in a diatomite project in Nevada and holds a white barite project in South-West Ireland. The Company also holds diamond and gold exploration interests in Western Australia.

Shares in the Company trade on AIM. EPIC: "SRES"

Website: www.sunriseresourcesplc.com

 

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