Tag Archives: adi nefas deposit

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

Gossan outcrops helped draw Sunridge Gold’s attention  to the Kodadu zones near its Asmara project in Eritrea.
Gossan outcrops helped draw Sunridge’s attention to the Kodadu zones

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 about 70%. Some highlights from the gossan zone include:  Continue reading Sunridge, Nevsun, Chalice Drill Eritrean Gold, Copper, Zinc and Silver

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

Sunridge will enter production by 2016 after building a central mill for the four deposits at a cost of $489m

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 pretax net present value, will cost $489-million to build, and will achieve capital payback in 3.5 years, the Vancouver-based miner said. Continue reading Prefeasibility Gives Sunridge’s Eritrea project $555m Net Present Value