Tag Archives: Emba Derho

A Great Time to Invest on Sunridge Gold: Gold Newsletter

Brien Lundin, editor of Gold Newsletter, recently put out a new recommendation on Sunridge Gold Corp. in his August 2014 newsletter to subscribers.
Brien Lundin, editor of Gold Newsletter, recently put out a new recommendation on Sunridge Gold Corp. in his August 2014 newsletter to subscribers.

By Brien Lundin,

SUNRIDGE Gold has four advanced projects organized within its Asmara project in Eritrea and, in an interesting twist, the company has combined all four into one feasibility study.

By staging production through the four projects and having mining revenue help to fund successive stages, the feasibility study has come up with outstanding economics and fairly low capital costs to go into production.  Continue reading A Great Time to Invest on Sunridge Gold: Gold Newsletter

Sunridge Gold Hits New 52-Week High as ENAMCO Deal Impresses

Sunridge Gold strongly focused on bringing the Asmara project into production by 2015

By Deborah Bacal,

Sunridge Gold Corp (CVE:SGC) (OTCQX:SGCNF) shares reached a new 52-week high on Friday, as the company rallied on the back of the rising gold price as well as news from earlier this month that will finally see the Eritrea National Mining Corp (ENAMCO) acquire a maximum 30% stake in the gold explorer’s Asmara project.

The news, released in early February, announced that ENAMCO formally agreed to acquire the maximum 30% stake following months of negotiations. The binding term sheet follows on from the initial agreement first announced in August 2012.  Continue reading Sunridge Gold Hits New 52-Week High as ENAMCO Deal Impresses

Sunridge Gold, ENAMCO Signs Agreement for Asmara Project

ENAMCO to Pay $18.33 Million for Stake in Sunridge’s Asmara Project

By Suridge Gold,

Sunridge Gold Corp. (the “Company” or “Sunridge”) (sgc:TSX.V/SGCNF) is pleased to announce that it has executed a binding term sheet (the “Term Sheet“) with the Eritrea National Mining Corporation (“ENAMCO”) regarding ENAMCO’s participation in the Company’s Asmara Project in Eritrea. Continue reading Sunridge Gold, ENAMCO Signs Agreement for Asmara Project

Sunridge Gold Provides 2014 Outlook for Eritrea Projects

With a second operating mine currently under construction in Zara, Sunridge is poised to unveil the third operating world class mine on the largest deposit in the country – the Asmara Project – by the end of this year

By Sunridge Gold,
Sunridge Gold Corp. (the “Company” or “Sunridge”) (SGC: TSX.V/SGCNF: OTCQX) is pleased to provide an outlook on some of the Company’s activities planned for 2014 which is expected to be an important year for the Company as it anticipates passing a significant number of milestones as it drives its Asmara Project in Eritrea as rapidly as possible towards production. Some of these milestones and other salient points for the year are as follows: Continue reading Sunridge Gold Provides 2014 Outlook for Eritrea Projects

Mining Engineering Firms to Bid for Building Asmara Gold Mine

Underground workings at Debarwa copper-gold deposit. Processing Facility to be located
near the Emba Derho Deposit

By Africa Intelligence,

Even as it presses ahead with talks with would-be buyers, Sunridge Gold is pushing ahead faster than ever on its gold project at Asmara in Eritrea.

The explorer, listed in London and headed by Michael Hopley, has submitted the summary of the Social and Environmental Impact Assessment (SEIA) report for the Project earlier last month, a necessary condition of applying for a mining license. Continue reading Mining Engineering Firms to Bid for Building Asmara Gold Mine

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