Tag Archives: Adi Nefas

Sunridge Gold Now Good to Go at its Asmara VMS Project in Eritrea

Michael Hopley Sunridge Gold now move forward to production next year
Sunridge Gold now move forward to production starting next year.

By Kevin Michael Grace | The Gold Report

It’s been a very active decade filled with milestones for Sunridge Gold, and now following the September signing of a comprehensive permitting agreement with its partner, the government of Eritrea, the Canadian junior is set to begin production in 2016. In this interview with The Gold Report, President and CEO Michael Hopley discusses the riches of his company’s copper, gold, zinc and silver deposits and looks forward to becoming as successful as Nevsun has been. Continue reading Sunridge Gold Now Good to Go at its Asmara VMS Project in Eritrea

Sunridge: Summary of the Social and Environmental Impact Assessment Report Submitted

Sunridge Gold finalizing steps for the permitting process for application of the mining license for the Asmara Project

By Sunridge Gold,

Sunridge Gold Corp. (the “Company” or “Sunridge”) (sgc:TSX.V/SGCNF) is pleased to announce that the summary of the Social and Environmental Impact Assessment (SEIA) report for the Company’s Asmara Project located in Eritrea has been submitted to the Ministry of Energy and Mines.

This begins the permitting process for application of the mining license for the Asmara Project which is expected to take nine to twelve months. In addition, other related documents such as the full SEIA appendices and the draft Social and Environmental Management Plan (SEMP) will be submitted to the Ministry in January and February 2014, respectively. Continue reading Sunridge: Summary of the Social and Environmental Impact Assessment Report Submitted

Sunridge Gold Update – Activity on the Asmara Project

Is Sunridge Gold the next Nevsun?

By Suridge Gold,

Sunridge Gold Corp. (the “Company”) (SGC:TSX.V/SGCNF:OTCQX) is pleased to provide an update of activities on the Asmara Project in Eritrea.

The Asmara Project feasibility study (the “Study”) was completed in May and demonstrated that the mining of four advanced deposits that make up the Asmara Project (Emba Derho, Adi Nefas, Gupo Gold and Debarwa) and processing of the ore near the large Emba Derho deposit is economically robust with a Net Present Value (“NPV”) of $692 million (using a 10% discount rate) and with an internal rate of return (“IRR”) of 34%.  Continue reading Sunridge Gold Update – Activity on the Asmara Project

Sunridge’s Path to Production Shines as Investors Interest Grow

Sunridge has fewer steps in its path to bring its four deposits into production

By Proactive Investors,

Sunridge Gold (CVE:SGC) is surging ahead with its Asmara project in Eritrea, getting close to securing a debt financing to put its flagship property into production, according to CEO Michael Hopley, who spoke to Proactive Investors in an interview last week.

In June, the company initiated a due diligence review — the step in advance of signing the financing agreement, when potential investors examine the project in detail before deciding to fund work on the property – that is being conducted by Micon InternationalContinue reading Sunridge’s Path to Production Shines as Investors Interest Grow

Sunridge Gold Announces $837m NPV Feasibility Study for the Asmara Project

Sunridge Gold will commence initial production on the four deposits (Asmara Project) in mid-2015

By Sunridge Gold,

Sunridge Gold Corp. (SGC:TSX.V/SGCNF:OTCQX) is pleased to announce the completion and positive results of an independent feasibility study (the “Study“) by lead engineer SENET (Pty) Ltd. (“SENET”) for its Asmara Project in Eritrea.

The Study demonstrates that the mining of all four advanced deposits that make up the Asmara Project (Emba Derho, Adi Nefas, Gupo Gold and Debarwa) and processing of the ore near the large Emba Derho deposit is economically robust with a Net Present Value (“NPV”) of $837 million. The Study outlines a three-phase staged start-up mining plan which would initiate production almost one year earlier than was envisaged in the prefeasibility study. Continue reading Sunridge Gold Announces $837m NPV Feasibility Study for the Asmara Project

Eritrea to Buy 30% Interest of Sunridge’s Asmara Project

The Asmara Project that consists of four mineral deposits (Emba Derho, Debarwa, Adi Nefas and Gupo) will be the largest mine in Eritrea

Sunridge Gold, the next Nevsun, will soon reach to its final stage – production

By Sunridge Gold,

Sunridge Gold Corp. (the “Company” or “Sunridge”) (SGC:TSX.V/SGCNF:OTCQX) is pleased to announce that the Eritrean government through the Eritrean National Mining Corporation (“ENAMCO“) has informed the Company that ENAMCO intends to acquire a 30% paid participating interest in the Company’s Asmara Project in Eritrea.  Continue reading Eritrea to Buy 30% Interest of Sunridge’s Asmara Project