Sunridge Gold Receives Positive Metal Recovery Results from the Emba Derho Deposit, Asmara Project, Eritrea
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/01/11 -- Sunridge Gold Corp. (TSX VENTURE: SGC) is pleased to announce encouraging copper and zinc recovery results from recent metallurgical tests conducted on mineralized material from the Emba Derho deposit. The metallurgical work is part of the prefeasibility study currently being conducted on the Asmara North deposits located in Eritrea.
Emba Derho Deposit Metallurgical Tests
The results are from locked-cycle copper and zinc metal recovery testwork conducted at SGS (Vancouver) laboratory under the supervision of Blue Coast Metallurgy Ltd on samples from the Emba Derho deposit. Using a conventional, low-cost flotation flow sheet, the test results show a recovery of 92% of the copper producing a 28% copper concentrate and 88% recovery of the zinc producing a 62% zinc concentrate. Precious metal recoveries for gold and silver returned values of 50% and 55%, respectively. Head grades used in the test work were 1.15% copper, 2.14% zinc, 0.07 g/t gold and 5.1 g/t silver.
'These results show unexpected high copper and zinc recoveries from the Emba Derho mineralized material with impressive product grades,' says Michael Hopley, Sunridge's President and CEO. 'Considering the large amount of copper and zinc contained in the Emba Derho deposit this will certainly have a significant positive effect on the economics of the deposit in the ongoing prefeasibility study.'
Sunridge is currently conducting metallurgical testing on the Emba Derho deposit as part of the current prefeasibility study on the Asmara North deposits. The program will include further flowsheet optimization, variability studies and testing of composites made from blending Emba Derho mineralization with that from two other VMS deposits on the Asmara Project, Adi Nefas and Debarwa.
Emba Derho Drill Program
Drilling with three drills has been underway at Emba Derho for the past two weeks as part of a planned 8,500 meter drill program. The first assay results are expected in 4 to 6 weeks.
Qualified Person
Michael J. Hopley, President and Chief Executive Officer of Sunridge is the Qualified Person for Sunridge and the person responsible for preparation of the technical information contained in this news release. This press release has been reviewed by Chris Martin, Principal Metallurgist and President of Blue Coast Metallurgy Ltd. and a Qualified Person under the guidelines of NI 43-101.
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 116 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 visit our website at www.sunridgegold.com or call Greg Davis at the numbers listed below. All of the above mentioned technical reports are filed on the Company's profile at www.sedar.com.
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
greg@sunridgegold.com
Sunridge Gold Corp.
Don Halliday
604-899-1505
donh@sunridgegold.com
www.sunridgegold.com