Tag Archives: asmara deposit

Sunridge Aims 2015 for Gold-Silver-Copper-Zinc Production in Eritrea

We're following in the foot steps of Nevsun, about three years behind: Sunridge CEO [Sunridge geologists analizing drilling samles]
We’re following in the foot steps of Nevsun, about three years behind: Sunridge CEO
[Sunridge geologists analizing drilling samles]
By Kevin Michael Grace,

Sunridge Gold Corp V.SGC announced April 10 that the feasibility study of its Asmara Project in Eritrea is on schedule for completion in early May. The study is being conducted on four of the five deposits that comprise Asmara and will outline a mining plan that integrates the four deposits being processed at a central concentrator near the large Emba Derho copper-zinc-gold-silver deposit.  Continue reading Sunridge Aims 2015 for Gold-Silver-Copper-Zinc Production in Eritrea

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