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Sunridge Gold Signed Mining Agreement with Eritrea

Michael Hopley, President and CEO of Sunridge
Michael Hopley, President and CEO of Sunridge

By Sunridge Gold,

Sunridge Gold Corp. (SGC: TSX.V/SGCNF: OTCQX) is pleased to announce that the Asmara Mining Share Company (AMSC) has signed a Mining Agreement with the Eritrean Ministry of Energy and Mines (MEM) and as a result three mining licenses will subsequently be issued to AMSC.

These licenses will cover the four advanced projects (Emba Derho, Adi Nefas, Gupo Gold and Debarwa) that make up the Asmara copper-zinc-gold project in Eritrea. An additional 83.12 square kilometers of exploration licenses will be retained by AMSC which include the Adi Rassi copper-gold deposit and the Kodadu gold deposit.

The Asmara Project is held by AMSC, a joint-venture company of which Sunridge owns 60% and the Eritrean National Mining Corporation (“ENAMCO”) owns 40%. Continue reading Sunridge Gold Signed Mining Agreement with Eritrea