Tag Archives: Suridge Gold

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 Gold’s Milestone Could Completely Re-rate the Stock

The Eritrean Ministry of Mines is expected to issue a Mining Permit in the middle of the year. That is what the market is eagerly awaiting to help re-rating the share values of Sunridge Gold to the better. (Picture shows the underground workings at Debarwa copper-gold deposit)

By 24hgold,

SUNRIDGE Gold (SGC-V, SGCNF-OTCQX) is a successful explorer orphaned by the market but that could soon change. The company is working in Eritrea. Sunridge made several discoveries on its Asmara project and has advanced them to feasibility level.

The feasibility numbers look great. Asmara has a Net Present Value of US$692 million pre-tax (US $428 million post-tax) and an IRR of 34% pre-tax (27% post-tax) using a 10% discount rate. Sunridge owns a 60% interest in the project. That equates to a post-tax NPV of US$257 million attributable to SGC shareholders against a current market valuation of US$25 million.  Continue reading Sunridge Gold’s Milestone Could Completely Re-rate the Stock

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