Tag Archives: Kodadu 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 Start Debt Financing Due Diligence Review

Sunridge Gold plan to commence production in mid-2015

By BusinessWire,

Sunridge Gold Corp. (sgc:TSX.V/SGCNF) is pleased to announce that the international mining industry consulting company Micon International Limited (“Micon”) has been selected to complete an independent “due diligence” review of the Asmara Project, Eritrea on behalf of the potential financing providers to the project.

Endeavour Financial Limited (Cayman) (“Endeavour”) will lead this process until the lender group is formed. Endeavour provides financial consulting services to Sunridge with respect to debt financing requirements for the Asmara Project and they have unique experience in Eritrea having previously advised Nevsun Resources Limited.  Continue reading Sunridge Start Debt Financing Due Diligence Review

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 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]
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

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 Completes Drill and Channel Assay Results for Kodadu Prospect

Next step for Sunridge: Completing the feasibility study then apply for a mining license

By Sunridge Gold,

Sunridge Gold Corp. (the “Company” or “Sunridge”) (sgc:TSX.V/SGCNF) is pleased to report the completion of the reverse-circulation drill program as well as encouraging initial assay results from channel samples from the Kodadu volcanogenic-massive sulphide (VMS) and gold shear zone targets located on the Company’s Asmara Project in Eritrea, East Africa.

A reverse-circulation drill program announced on January 23 at the Kodadu VMS prospect has now been completed and assays are expected next month. Continue reading Sunridge Completes Drill and Channel Assay Results for Kodadu Prospect