Gossan outcrops helped draw Sunridge’s attention to the Kodadu zones
While continuing the Asmara feasibility study in Eritrea, Sunridge Gold TSXV:SGC announced on March 7 discovery at a new near-surface , four kilometers east of Asmara’s Kodadu 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
Sunridge will enter production by 2016 after building a central mill for the four deposits at a cost of $489m
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