Tag Archives: Sunridge

President Isaias Afwerki Receives Chinese Delegation

A Chinese delegation led by Mr. Liu Jie, Vice-Governor of Sichuan Province
A Chinese delegation led by Mr. Liu Jie, Vice-Governor of Sichuan Province, met President Isaias soon after they sign a deal to acquire 60% of the Asmara Project from Canadian junior Sunridge Gold.

By Shabait,

President Isaias Afwerki today received a senior delegation of the People’s Republic of China led by Mr. Liu Jie, Vice-Governor of Sichuan Provincial People’s Government.

President Isaias referred to the long-standing warm ties that exist between the two countries and underlined the reservoir of good will as well as the conducive climate that exists for Chinese companies to actively participate in major investment ventures in the country. Continue reading President Isaias Afwerki Receives Chinese Delegation

Sunridge is “a Buy” If Mining Permit Attained in Q2

The Asmara project, which has a three phase start-up plan outlined beginning with high grade copper and gold, is pegged to produce an average annual rate of 65 million pounds of copper, 184 million pounds of zinc, 42,000 ounces of gold and 1 million ounces of silver over the first eight years. All work is focused on bringing the project to production in 2015.

By Proactive Investors,

SUNRIDGE Gold (CVE:SGC) had its buy rating reiterated by Eric Coffin of HRA Advisories after a long awaited update on the company’s project in Eritrea and plans for 2015 last week.

The junior gold company said it will be focused this year on the first stage of its multi-staged production plan for its Asmara joint venture, namely the high grade supergene copper material that can be shipped directly to the smelter, known as the DSO operations. Continue reading Sunridge is “a Buy” If Mining Permit Attained in Q2

Eritrea and Sunridge Gold Forms a Joint Venture Company

MILESTONE ACHIEVED. Project JV formalized for the Asmara gold-copper-zinc project. Government participation in the JV virtually assures the award of mining licenses in the near future.

By Sunridge Gold,

SUNRIDGE Gold Corp. (the “Company” or “Sunridge”) (SGC: TSX.V/SGCNF: OTCQX) is pleased to announce that the Asmara Mining Share Company (“AMSC”) has recently been formed in Eritrea. AMSC is the operating entity which will own and operate the Asmara copper-zinc-gold mine in Eritrea.

The Asmara Project, equipment and all Eritrean employees are now being transferred from Sunridge Gold Eritrea to AMSC. Continue reading Eritrea and Sunridge Gold Forms a Joint Venture Company

Sunridge Gold, ENAMCO Signs Agreement for Asmara Project

ENAMCO to Pay $18.33 Million for Stake in Sunridge’s Asmara Project

By Suridge Gold,

Sunridge Gold Corp. (the “Company” or “Sunridge”) (sgc:TSX.V/SGCNF) is pleased to announce that it has executed a binding term sheet (the “Term Sheet“) with the Eritrea National Mining Corporation (“ENAMCO”) regarding ENAMCO’s participation in the Company’s Asmara Project in Eritrea. Continue reading Sunridge Gold, ENAMCO Signs Agreement for Asmara Project

Sunridge Gold Featured in ‘Resource Opportunities’ Investment Newsletter

The following editorial is extracted from the January 2014-1 Issue

All eyes on Suridge’s Asmara Project. Progress with regard to negotiations with ENAMCO as well as mining permitting process are two factors Investors and lenders want to see before pouring money into the project

By Resource Opportunities,

Sunridge’s Asmara gold-base metal project is continuing to advance toward development, with some important mile-stones expected shortly which could positively impact the share price.

Asmara, as one of the most attractive large, advanced-stage mining projects available anywhere, is attracting consider-able attention from the mining industry. That interest has not yet been reflected in the share price, which continues to languish, along with the rest of the companies in this industry. A feasibility study completed early last year showed very favorable economics: an after-tax net present value (8%) of $443 million with an internal rate of return (IRR) of 27%. Continue reading Sunridge Gold Featured in ‘Resource Opportunities’ Investment Newsletter

Sunridge Gold Provides 2014 Outlook for Eritrea Projects

With a second operating mine currently under construction in Zara, Sunridge is poised to unveil the third operating world class mine on the largest deposit in the country – the Asmara Project – by the end of this year

By Sunridge Gold,
Sunridge Gold Corp. (the “Company” or “Sunridge”) (SGC: TSX.V/SGCNF: OTCQX) is pleased to provide an outlook on some of the Company’s activities planned for 2014 which is expected to be an important year for the Company as it anticipates passing a significant number of milestones as it drives its Asmara Project in Eritrea as rapidly as possible towards production. Some of these milestones and other salient points for the year are as follows: Continue reading Sunridge Gold Provides 2014 Outlook for Eritrea Projects