Tag Archives: Gupo Gold

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 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 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