Sunridge Gold Announces New Analyst Coverage
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/11/11 -- Sunridge Gold Corp. (TSX VENTURE: SGC) ('Sunridge' or the 'Company') announces that Byron Capital Markets ('Byron') has initiated coverage on Sunridge.
After a site visit Byron mining analyst Jeff Wu provides an overview in his 28-page research report of the Company and its exploration and development work at its four independently estimated NI 43-101 mineral deposits on the Asmara Project, Eritrea in East Africa.
Byron's equity research is posted on Byron's proprietary website at www.byroncapitalmarkets.com and can be accessed by users upon registration.
Sunridge is now reported on by three mining analysts at the following brokerage firms: Byron Capital Markets, Ocean Equities Ltd. and Global Hunter Securities. In addition, Haywood Securities and Cormark Securities have provided updates on the Company. The contact information for such analysts is posted on Sunridge's website at www.sunridgegold.com.
All reports on Sunridge prepared by analysts represent the views of such analysts and are not necessarily those of the Company. Sunridge is not responsible for the content, accuracy or timelines of any analyst's website.
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 $20 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 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
Sunridge Gold Corp.
Don Halliday
604-899-1505 (direct)
donh@sunridgegold.com
www.sunridgegold.com