Mr. Michael Hopley reports
SUNRIDGE GOLD RESTARTS EXPLORATION DRILLING AND MOBILIZES A SECOND DRILL TO THE ASMARA PROJECT, ERITREA
Sunridge Gold Corp. has commenced a new exploration drilling program on the exploration areas of the Asmara project, Eritrea. This program consists of at least 3,000 metres of diamond drilling and is targeting areas that have the potential for large new discoveries. In addition, Sunridge has mobilized a reverse circulation drill rig to Eritrea in order to commence a 4,000-metre drill program at the Gupo gold deposit and a 1,000-metre program at the new Medrizien gold target within the next four to five weeks.
Sunridge Gold joint venture drilling program
The new joint venture drilling program is operated by Sunridge and financed by Antofagasta Minerals, and is focused on drilling new targets with the potential for significant new discoveries. Drilling will target the following areas:
- Adi Watot:
-
This is a large area measuring approximately 1,200 metres
long and 400 to 500 metres wide, where Sunridge and Antofagasta
geologists have identified swarms of quartz veinlets in an area that has
elevated copper geochemical values.
- Adi Kubulo:
- The geology of this area is similar to Adi Watot, although
somewhat smaller, measuring about 400 metres long and approximately 200
metres wide.
- Adi Watot -- Adi Kubulo corridor:
- This target is a corridor between the
Adi Watot and Adi Kubulo targets that measures about 3,500 metres long by
approximately 400 to 500 metres wide and in which mapping has shown
continuity of quartz veinlets in an area with elevated copper values.
- Adi Rassi:
-
Drilling will test a possible northern extension of Adi Rassi
that is associated with structurally controlled malachite showings.
Assay results, from the previous drilling program showed long intervals
of copper and gold mineralization, for example drill hole AR-002D, which had 84
metres with an average grade of 1.32 g/t gold and 0.84 per cent copper; the
results indicate that a potentially large new copper and gold zone has
been discovered at Adi Rassi. Geological mapping and sampling show that
alteration associated with copper mineralization is visible over a zone
that measures about 80 metres wide along a strike length of
approximately 500 metres. Copper and gold mineralization at Adi Rassi is
associated with quartz veins and breccia zones along a major shear zone
that trends northeast for over three kilometres and dips steeply to the
west.
- Adi Lamza:
- Surface and previous drill hole information from this
prospect has identified a large area of phyllitic alteration which will
be drill tested.
- Adi Tsenaf:
- This large area of quartz-vein stockwork measuring over 300
metres long will be drill tested.
First results from this new joint venture drilling program are expected to be received in November and will be announced on receipt.
Sunridge Gold drill program
The recently mobilized reverse circulation drill rig is expected to commence drilling at Sunridge's 100-per-cent-owned Gupo gold and Medrizien gold areas within the next four to five weeks, and will consist of 4,000 metres at Gupo and 1,000 metres at Medrizien.
Gupo gold project
The objective of the program is to upgrade the
existing gold resource at Gupo, currently 189,000 ounces contained in
1,965,000 tonnes at an average grade of 2.99 g/t gold, from an inferred
to an indicated category and to possibly increase the size of the
resource. The gold resources at Gupo are considered to be a potential
source of open-pit feed for any future mining operations at the northern
projects area of the Asmara project (Emba Derho, Adi Nefas and Gupo).
Medrizien gold prospect
The objective of the Medrizien drill program is
to make a new gold discovery on the Asmara project. A gold discovery and
development of a resource could provide future feed to any mining
operations in the northern area of the Asmara project. A total of 57 rock samples were taken from the surface showing of mineralized
quartz veins and altered halo of volcanic rocks. The results showed 10
samples with assays over one g/t gold with the highest assay being 74.7
g/t gold. In addition, eight rock samples taken from the old underground
workings range from 0.14 g/t up to a value of 319 g/t gold. The gold
mineralization in the Medrizien gold prospect occurs in a stockwork of
quartz veins associated with pyrite and chalcopyrite within a
surrounding halo of sheared volcanic rocks with sericite and pyrite.
This zone varies in width from a few metres up to 25 metres over a 3.5-kilometre strike length.
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