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.
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 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 sixthsuch mineral resource defined by the Vancouver-based exploration and development company on the property.
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 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.