Sunridge Gold Intercepts 22 Metres of 13.14% Copper and 4.0 g/t Gold at Debarwa Project, Eritrea
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/19/11 -- Sunridge Gold Corp. (TSX VENTURE: SGC) is pleased to report assay results from the first four of 35 diamond drill holes completed as part of a detailed definition drilling being conducted at the high-grade copper-gold-zinc Debarwa VMS (volcanogenic massive sulphide) deposit, Asmara Project, Eritrea. Assays for the remaining holes will be released as available.
A summary of the assay results from these four drill holes are as follows:
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Drill From To Interval Gold Silver Copper Zinc
hole # Metres Metres Metres g/t g/t % %
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DEBD-126 147.80 164.50 16.70 0.61 18.96 2.12 0.40
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DEBD-127 No significant results
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DEBD-128 57.25 76.45 19.20 2.28 49.39 12.65 0.07
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Incl. 63.90 68.90 5.00 1.54 58.80 23.42 0.09
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DEBD-129 42.30 64.30 22.00 4.00 60.91 13.14 0.04
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Incl. 57.25 62.80 5.55 8.59 109.60 22.28 0.04
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DEBD-126 and 127 were drilled to test the continuity of the deeper primary mineralization at Debarwa with DEBD-126 showing continuity of the copper mineralization in particular at depth. Both drill holes DEBD-128 and DEBD-129 intercepted the shallow, high-grade copper-enriched supergene zone showing copper grades of over 20% in some intervals providing further confidence in the continuity of this very high grade copper zone for the ongoing feasibility study.
The results of the recent drilling will be used in the new resource estimate for Debarwa which is expected to be completed in March 2011. Samples will also be taken from this drilling for metallurgical studies forming part of the ongoing feasibility study that commenced last November.
NOTES:
1. A Quality Assurance/Quality Control program was part of the sampling
program on the Debarwa copper-zinc-gold deposit. This program includes
chain of custody protocols as well as systematic submittals of
standards, duplicates and blank samples into the flow of samples
produced by the sampling.
2. Samples were prepared at African Horn Testing Services (Eritrea) and
analyzed at Genalysis Laboratories (a NATA registered laboratory) in
Perth, Western Australia.
3. The results of the Debarwa drill program have been reviewed by Michael
J. Hopley the Qualified Person for Sunridge. Mr. Hopley is also the
person responsible for preparation of the technical information
contained in this news release and is President and Chief Executive
Officer of Sunridge.
ABOUT SUNRIDGE:
Sunridge is a mineral exploration and development company focused on the acquisition, exploration, discovery and development of base and precious metal projects on the Asmara Project in Eritrea and exploration properties in Madagascar. Sunridge currently has approximately 117 million shares outstanding and approximately $25 million in cash. Sunridge trades on the TSX Venture Exchange under the symbol SGC. For additional information on the Company and its projects please view the slide show on our website at www.sunridgegold.com or call Don Halliday or Greg Davis at the numbers listed below.
SUNRIDGE GOLD CORP.
Michael Hopley, President and Chief Executive Officer
This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as 'plan', 'expect', 'project', 'intend', 'believe', 'anticipate', 'estimate', 'suggest', 'indicate' and other similar words or statements that certain events or conditions 'may' or 'will' occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans to continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Sunridge Gold Corp.
Greg Davis
VP Business Development
604-688-1263 (direct)
greg@sunridgegold.com
www.sunridgegold.com