Tag Archives: Kodadu

Sunridge Gold Expects Mining Operations to Start this Year

"... much of [Sunridge Gold] management's recent attention has been on the permitting process for the development of the Asmara Project ..." - President and CEO, Michael Hopley
“… much of [Sunridge Gold] management’s recent attention has been on the permitting process for the development of the Asmara Project …” – President and CEO, Michael Hopley
By Proactive Investors,

SUNRIDGE GOLD (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 said that it would obtain the mining license within the first half of 2015 after receiving favorable feedback from the Ministry of Energy and Mines (MEM), which mandated a review of the Feasibility Study and the Social and Environmental Impact Assessment (SEIA) last January.  Continue reading Sunridge Gold Expects Mining Operations to Start this Year

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

Significant Gold Mineralization Intercepted at Kodadu Deposit

The results of the drilling represent a new gold discovery for Sunridge

By Sunridge Gold,

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