Tag Archives: Adi Rassi Deposit

Field Work Underway on the Asmara Mining Project

The Asmara Project consists of six defined deposits
The Asmara Project consists of six defined deposits at which four are the subject of a feasibility study completed in May 2013 and are currently in the permitting process

By Proactive Investors,

SUNRIDGE GOLD (CVE:SGC) (OTCQX:SGCNF) says it has started field work on its advanced-stage joint venture Asmara project in Eritrea, and remains focused on acquiring a mining license for the property in the first quarter of next year, with sights set on near-term production.

Current exploration work is concentrated on the two “pipeline” deposits on the Asmara project, known as the Kodadu VMS deposit and the Adi Rassi copper-gold deposit. Both areas have inferred resource estimates and remain open for expansion.

The goal is to define new areas of mineralization and to direct additional expansion drilling planned for next year. Continue reading Field Work Underway on the Asmara Mining Project

Sunridge Gold Signs Shareholder’s Agreement With ENAMCO

The deal will bring Sunridge Gold US$11 mln in funding this year. The Asmara project is pegged to produce an average annual rate of 65 million pounds of copper, 184 million pounds of zinc, 42,000 ounces of gold and 1 million ounces of silver over the first eight years. All work is focused on bringing the project to production in 2015.

By Sunridge Gold,

SUNRIDGE Gold Corp. (the “Company” or “Sunridge”) (SGC: TSX.V/SGCNF: OTCQX) is pleased to announce that Sunridge and the Eritrean National Mining Corporation (“ENAMCO”) have executed a shareholders’ agreement (the “Shareholders’ Agreement”) to organize and operate the Asmara Mining Share Company (“AMSCo”) the operating entity which will own and operate the Asmara copper-zinc-gold mining project (the “Property”) in Eritrea.  Continue reading Sunridge Gold Signs Shareholder’s Agreement With ENAMCO

Sunridge Gold Defines Sixth Mineral Resource at Asmara Project

“We have always said that the Asmara Project is very prolific and now we have six deposits so far and probably more to go!” said president and CEO Michael Hopley.

Now it is more certain that Sunridge’s potential could rival Nevsun’s Bisha Mine

By Proactive Investors,

Sunridge Gold Corp. (CVE:SGC) has added more good news to an already auspicious month with the completion of a mineral resource estimate for the Kodadu target on the company’s Asmara project in Eritrea, the sixth such mineral resource defined by the Vancouver-based exploration and development company on the property.

The announcement regarding the NI43-101 and JORC compliant estimate comes exactly a week after the mining junior released a feasibility study for the project that succeeded in bringing initial production forward by almost a year.  Continue reading Sunridge Gold Defines Sixth Mineral Resource at Asmara Project

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

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

Sunridge Discovers Fifth Mineral Deposit – The Adi Rassi Copper-Gold Deposit

Adi Rassi is now the fifth mineral resource defined by Sunridge on the Asmara Project that comprises others previously well defined four deposits: Adi Nefas, Emba Derho, Gupo and Debarwa deposits.

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

By Sunridge Gold,

Sunridge Gold Corp. (TSX.V:SGC; OTCQX:SGCNF) reports that it has completed an initial independent NI43-101 and JORC compliant mineral resource estimate for the Adi Rassi Copper-Gold deposit located on the Asmara project, Eritrea.

Adi Rassi is the fifth mineral resource defined by Sunridge on the Asmara Project. On May 2, 2012, Sunridge announced the results of a prefeasibility study (“PFS”) on the other four deposits (Adi Nefas, Emba Derho, Gupo and Debarwa) that concluded that the optimum economic scenario is to construct a single centralized processing plant near the Emba Derho deposit. Continue reading Sunridge Discovers Fifth Mineral Deposit – The Adi Rassi Copper-Gold Deposit