Tag: adi nefas deposit

Sunridge, Nevsun, Chalice Drill Eritrean Gold, Copper, Zinc and Silver

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By Greg Klein, While continuing the Asmara feasibility study in Eritrea, Sunridge Gold TSXV:SGC announced on March 7 a new near-surface discovery at Kodadu, four kilometers east of Asmara’s Debarwa deposit. With assays complete on 21 reverse-circulation holes, the company now plans an initial resource estimate for the potential deposit. True widths for the two zones were estimated at […]

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Prefeasibility Gives Sunridge’s Eritrea project $555m Net Present Value

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By Matthew Hill, TSX-V- and ASX– quoted Sunridge Gold’s Asmara project in Eritrea has the potential to produce 25,900 t of copper and 61,800 t of zinc yearly, in addition to silver and gold, the company said on Wednesday, announcing the results of a prefeasibility study. At a 10% discount rate, the project has a $555-million […]

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