SUNRIDGEGOLD (CVE:SGC) (OTCQX:SGCNF) after starting field work in 2014 is advancing its joint venture Asmara project in Eritrea, expecting to acquire a mining license for the property, eyeing mining operations to start in the fourth quarter of this year.
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.
Sunridge Gold Corp. (SGC:TSX.V/SGCNF:OTCQX) (“Sunridge“) is pleased to report that assay results have been received for all 21 holes of the recently completed reverse-circulation drilling program on the Kodadu target located on the Company’s Asmara Project in Eritrea, East Africa.
The program has successfully intercepted significant gold mineralization in the oxide gold cap of the Kodadu volcanic-massive-sulphide zone (gossan) as well as defining more gold mineralization in a nearby shear zone. The results represent a new gold discovery for Sunridge; previous drilling in the area targeted deeper volcanogenic-massive-sulphide base metal mineralization. Continue reading Significant Gold Mineralization Intercepted at Kodadu Deposit→