Sunridge Gold Announces Drill Results from the Debarwa Deposit, Asmara Project, Eritrea
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 04/28/11 -- Sunridge Gold Corp. (TSX VENTURE: SGC) announces assay results for the remaining diamond drill holes from the Company's Debarwa copper-gold-zinc volcanogenic massive sulphide (VMS) deposit located on the Asmara Project in Eritrea. The 7,000 meter drill program at Debarwa is now complete and was successful in better defining all zones of the Debarwa deposit as well as extending the known depth of the primary mineralization. Results from this program (along with results from 35 drill holes completed in late 2009) will be used to update the resource estimate for Debarwa which is scheduled to be completed by late May as part of the ongoing Debarwa feasibility study. Drilling continues on the Asmara North projects (Emba Derho, Adi Nefas and Gupo Gold) with three drills currently operating.
The mineralization at Debarwa is known to extend over a strike length of approximately 1,400 meters with the strongest mineralization being in the northern and central portion of the deposit. The majority of these twenty-four drill holes (DEBD-161 to DEBD-184) and one geotechnical hole (DH-10) were targeted at the southernmost part of the deposit and were successful in further defining and expanding the deposit in this area.
Highlights from the most recent drilling:
-- DEBD-168 intersected 11.85 meters of 7.25 g/t gold and 96.47 g/t silver
-- DEBD-169 intersected 22.45 meters of 1.27 g/t gold and 13.69 g/t silver
-- DEBD-174 intersected 10.25 meters of 3.22% copper
-- DEBD-178 intersected 14.40 meters of 3.27 g/t gold and 4.21% copper
-- DEBD-184 intersected 35.30 meters of 7.72% copper (see note 3 below)
-- DH11-10 intersected 15.40 meters of 2.40 g/t gold, 0.93% copper, and
2.38% zinc
Highlights from the entire 2011 diamond drill program include:
-- DEBD-128 intersected 19.20 meters of 12.65% copper, 2.28 g/t gold, and
49.39 g/t silver(i)
-- DEBD-129 intersected 22.00 meters of 13.14% copper, 4.00 g/t gold, and
60.91 g/t silver(i)
-- DEBD-130 intersected 31.85 meters of 5.72% copper, 2.13 g/t gold, and
57.59 g/t silver (ii)
-- DEBD-132 intersected 13.45 meters of 16.22% copper, 3.22 g/t gold, and
86.57 g/t silver (ii)
-- DEBD-133 intersected 16.70 meters of 14.90% copper, 2.15 g/t gold, and
75.92 g/t silver (ii)
-- DEBD-135 intersected 25.45 meters of 11.22% copper, 1.75 g/t gold, and
40.23 g/t silver (ii)
-- DEBD-136 intersected 11.45 meters of 4.10% copper, 2.18 g/t gold, and
46.84 g/t silver (ii)
-- DEBD-138 intersected 16.50 meters of 3.66% copper, 7.15% zinc, and 2.43
g/t gold(ii)
-- DEBD-140 intersected 14.00 meters of 2.78% copper, 7.33% zinc, and 1.35
g/t gold(iii)
-- DEBD-143 intersected 13.60 meters of 4.94% copper, 0.77 g/t gold, and
23.62 g/t silver (iii)
(i) Results from these drill holes first reported on January 19, 2011
(ii) Results from these drill holes first reported on February 3, 2011
(iii) Results from these drill holes first reported on March 17, 2011
A summary of all significant drill intersections from the Debarwa 2011 drill program and map has been posted on the Company's website at www.sunridgegold.com. The table below lists the results from the final twenty-five drill holes from the 2011 program.
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Drill From To Interval Gold Silver Copper Zinc
hole # Meters Meters Meters g/t g/t % % Zone
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DEBD-161 68.20 74.86 6.66 1.98 16.44 0.39 0.66 Oxide Zone
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and DEBD- Primary Zn-
161 74.86 83.2 8.34 1.23 44.15 0.96 5.48 Cu
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DEBD-162 52.00 59.03 7.03 2.78 54.54 1.21 3.66 Primary Zn-
Cu
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DEBD-163 53.00 57.41 4.41 0.71 14.37 0.38 2.17 Primary Zn
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DEBD-164 47.80 51.50 3.70 0.01 2.50 1.26 0.01 Cu
Supergene
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DEBD-165 57.70 61.27 3.57 1.96 20.34 4.18 0.04 Cu
Supergene
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DEBD-166 46.65 51.80 5.15 3.25 71.58 2.08 5.79 Primary Zn-
Cu
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DEBD-167 50.00 58.00 8.00 0.24 8.00 2.97 0.11 Cu
Supergene
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DEBD-168 38.45 50.30 11.85 7.25 96.47 0.37 0.01 Oxide Zone
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and DEBD- Cu
168 51.00 63.90 12.90 0.08 2.74 1.38 0.01 Supergene
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DEBD-169 63.05 85.50 22.45 1.27 13.69 0.19 0.53 Oxide Zone
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and DEBD- Primary Zn-
169 87.52 91.12 3.60 3.12 73.79 1.26 10.70 Cu
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DEBD-170 92.71 97.16 4.45 1.27 19.46 0.43 1.99 Primary Zn
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and DEBD-
170 98.62 100.90 2.28 0.18 5.03 1.73 0.21 Primary Cu
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DEBD-171 55.00 59.95 4.95 0.97 16.32 0.19 0.19 Oxide Zone
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DEBD-173 63.36 66.85 3.49 0.82 25.39 0.79 6.17 Primary Zn
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DEBD-174 67.65 77.90 10.25 0.28 23.26 3.22 0.05 Cu
Supergene
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DEBD-175 50.07 53.07 3.00 0.88 12.00 0.29 0.89 Oxide Zone
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DEBD-176 49.45 52.10 2.65 1.93 33.28 0.76 1.37 Primary Zn
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DEBD-177 61.76 66.26 4.50 0.60 9.83 0.05 0.21
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DEBD-178 52.25 66.65 14.40 3.27 43.00 4.21 0.19 Cu
Supergene
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DEBD-179 38.30 42.00 3.70 0.98 29.03 0.06 0.69 Oxide Zone
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and DEBD-
179 42.00 47.00 5.00 1.13 31.41 0.50 3.57 Primary Zn
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Inc DEBD-
179 45.87 47.00 1.13 3.82 118.00 1.86 12.95 Primary Zn
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DEBD-180 Incomplete assays - 2 missing geotechnical samples in middle of
mineralization - see note (1) below
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DEBD-183 Incomplete assays - 4 missing geotechnical samples in middle of
mineralization - see note (1) below
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DEBD-184 46.00 56.50 10.50 0.75 34.71 0.03 0.01 Au Cap
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and DEBD- Cu
184 58.15 93.45 35.30 0.89 16.27 7.72 0.04 Supergene
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Inc DEBD- Cu
184 61.15 69.15 8.00 1.65 30.00 13.00 0.06 Supergene
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DH11-10 Primary Zn-
58.55 73.95 15.40 2.40 23.48 0.93 2.38 Cu
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Inc DH11- Primary Zn-
10 59.45 63.50 4.05 2.06 28.22 1.05 4.91 Cu
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and DH11- Primary Zn-
10 68.05 71.95 3.90 4.23 37.46 1.30 3.72 Cu
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Table footnote: No significant assays in drill holes DEBD-172, 181& 182.
Note (1) Drill hole DEBD-180 intersected 22.9 metres of mineralization but no average grades can be reported because two samples were taken within the mineralized section for geotechnical testing and assays for these samples will not be available for several weeks. Similarly, no average grades can be reported for drill hole DEBD-183 which intersected 20.97 meters of mineralization but four samples were taken for geotechnical testing within the mineralized section.
Medrizien Gold Drill Program:
Assays have been received for the 1,000 meter drill program at the Medrizien Gold Prospect. The best results of the 12 hole reverse circulation drill program are as follows:
-- MEDR-002A intercepted 1.00 meter of 1.142 g/t gold
-- MEDR-002B intercepted 5.00 meters of 0.79 g/t gold
-- MEDR-006 intercepted 5.00 meters of 1.94 g/t gold
No significant assays in the remaining holes.
NOTES:
1. A Quality Assurance/Quality Control program was part of the drilling
program on the Debarwa and Medrizien Gold projects. 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. True thickness is estimated to be 80 to 90% of the drill intervals
reported, with the exception of drill hole DEBD-184 which was designed
for metallurgical samples in the Supergene Copper Zone and was drilled
sub-parallel to the mineralization.
4. The results of the Debarwa and Medrizien Gold project drill programs
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 $22 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