By Sunridge Gold, Sunridge Gold (SGC: TSX.V/SGCNF: OTCQX) has struck a US$65 million cash deal to sell its 60% interest in the Asmara Mining Share Company (AMSC), holder of the Asmara Project in Eritrea, to state-owned Sichuan Road & Bridge Mining Investment Development Corp. Ltd. (SRBM) for an upfront purchase price of US$65 million cash.
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By Alastair Ford | for Proactive Investors, “We’ve been involved in Eritrea since 2003,” says Sunridge Gold’s (CVE:SGC) Greg Davis. Indeed it was back in August of that year that the company first took an option on the Asmara and Debarwa copper-gold projects not far away from the Eritrean capital Asmara itself, right in the […]
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By Sunridge Gold, Sunridge Gold Corp. is pleased to announce that the Eritrean Ministry of Energy and Mines has awarded three mining licenses to the Asmara Mining Share Company (AMSC), a joint-venture company of which Sunridge owns 60% and the Eritrean National Mining Corporation owns 40%. These licenses cover a total area of 19.3 square […]
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By Sunridge Gold, SUNRIDGE Gold (CVE:SGC) (OTCQX:SGCNF) after starting field work in 2014, expects to acquire a mining license for the its joint venture Asmara copper/zinc/gold/silver project in Eritrea as part of a wider mining agreement, covering every aspect of the operations over a 20 year term.
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By James Fraser, SUNRIDGE Gold (SGC:TSXV) is looking to follow in the foot steps of Nevsun Resources (NSU:TSX) and become the next Canadian listed miner in Eritrea, Africa. A feasibility study has been completed on four advanced stage projects that shows strong economics of a $692 million NPV (10% discount rate) and 34% IRR. We […]
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By Sunridge Gold, SUNRIDGE Gold Corp. (the “Company” or “Sunridge”) (SGC: TSX.V/SGCNF: OTCQX) is pleased to provide a summary of the planned activities in 2015 for the Asmara Project, Eritrea. The Asmara Project is owned and operated by the Asmara Mining Share Company (“AMSC”) which is owned 60% by Sunridge and 40% by Eritrean National […]
Continue ReadingBy Brien Lundin, SUNRIDGE Gold has four advanced projects organized within its Asmara project in Eritrea and, in an interesting twist, the company has combined all four into one feasibility study. By staging production through the four projects and having mining revenue help to fund successive stages, the feasibility study has come up with outstanding […]
Continue ReadingEDITOR’S NOTE: This is a must read interview for those who want to have an A – Z knowledge of Sunridge Gold Corp. and its Asmara mining project in Eritrea. By Eric Coffin, I don’t need to tell you how rough the last two or three years have been for companies in the mining space. Only a […]
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