Sunridge Gold Files Technical Report For Adi Rassi Resource
Sunridge Gold Corp. (the 'Company? or 'Sunridge?)
(SGC:TSX.V/SGCNF:OTCQX) has filed a National Instrument 43-101 compliant
technical report regarding the initial resource estimate for the Adi
Rassi copper-gold deposit located on the Asmara Project, Eritrea.
As announced on December 4, 2012, the highlights of the estimate were:
- Inferred Mineral Resource of 15.77 million tonnes with an average
grade of 0.54% copper and 0.33 g/t gold - Contained metal = 189,060,000 pounds of copper and 167,000 ounces
of gold - The resources area is open for expansion in most directions
- Less than 10 km from Debarwa deposit and paved road access
- Positive initial metallurgical results
- Further expansion drilling planned in 2013
Adi Rassi is the fifth mineral resource defined by Sunridge on the
Asmara Project. A feasibility study is scheduled for completion in April
2013 on the other four deposits (Adi Nefas, Emba Derho, Gupo and
Debarwa).
The report is titled 'Adi Rassi Deposit? prepared by Fladgate
Exploration Consulting Corporation with an effective date of January 18,
2013.
Mr. Michael J. Hopley is the Qualified Person who approved the technical
information contained in this news release.
About Sunridge:
Sunridge is a mineral exploration and development company focused on the
acquisition, exploration, discovery and development of base and precious
metal deposits on the Asmara Project in Eritrea and exploration
properties in Madagascar. Sunridge currently has approximately 175
million shares outstanding and 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?
Michael Hopley, President and Chief Executive Officer
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.
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 continue to
be refined; possible variations in ore grade or recovery rates;
accidents, labor disputes and other risks of the mining industry; delays
in negotiating a shareholders′ agreement with ENAMCO and 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.
To view this press release as a webpage please click on the following
link:
http://www.usetdas.com/pr/sunridgegoldjan182013.htm
Sunridge Gold Corp.
Greg Davis, 604-688-1263 (direct)
VP
Business Development
greg@sunridgegold.com