Bay State Project Drill Start Confirmed

RNS Number : 1557X

Sunrise Resources Plc

26 August 2015

 



26 August 2015

 

SUNRISE RESOURCES PLC

(the "Company")

DRILL START CONFIRMED AT

BAY STATE SILVER PROJECT, NEVADA

Sunrise Resources plc, the AIM-traded diversified mineral exploration and development company, is pleased to confirm that drilling started, on schedule, at its Bay State Silver Project in Nevada, USA.

As previously advised, the first phase of drilling will comprise 3 holes at 150-200m spacing for a total of approximately 500m of diamond drilling.

Photographs from the programme will be posted later this week and from time to time during the drill programme on the Company website at:

http://www.sunriseresourcesplc.com/projects/bay-state-silver-project

A Company presentation focused on the Bay State Silver Project and the upcoming drill programme is also available on the Company's website at:

http://www.sunriseresourcesplc.com/investor-media/presentations

The Company would also like to draw attention to the recent Proactive Investors Stocktube video interview with Company Chairman Patrick Cheetham, available at the following URL:

http://www.proactiveinvestors.co.uk/companies/stocktube/4076/sunrise-resources-chair-excited-by-bay-state-prospects-ahead-of-drilling-4076.html 

Further information:

Sunrise Resources plc Patrick Cheetham, Executive Chairman	Tel:	[phone]
Northland Capital Partners Limited Edward Hutton/David Hignell John Howes/Mark Treharne (Broking)	Tel:	[phone]
Yellow Jersey PR Limited Dominic Barretto/Kelsey Traynor	Tel:	[phone]

About the Bay State Silver Project

The Bay State Silver Project is located on the west flank of the Newark Valley in Eastern Nevada, 15km due east of the County town of Eureka. It was acquired by the Company in September 2014 and further claims were recently added to the project.

The mine was worked for silver in the 1870s and again in the 1900s when mining focused on two main NW-SE striking vein sets hosted within limestone. The largest workings are on the Chihuahua and Buckeye State Patents which together cover a strike length of some 900m and extend north and south of Mining Canyon along the Chihuahua Vein System. Two shafts were sunk on the border between these two patents, near the floor of the canyon, and are reported to extend to a depth of 120m with production mainly from extensive stopes above the 60m level. The Chihuahua Vein dips steeply to the west.

In the 1940s tungsten mineralisation was reportedly discovered in the upper workings of the Chihuahua Adit and was worked during the war years providing tungsten for the war effort. The tungsten was reported to occur as a replacement mineralisation within limestone beds.

The Company first acquired rights to the Bay State Silver Project in late 2014 and has since completed a number of surface and underground sampling programmes.

About Sunrise Resources plc

Sunrise Resources plc is an AIM-traded diversified mineral exploration and development company.

The Company's objective is to develop profitable mining operations to sustain the Company's wider exploration efforts and create value for shareholders through the discovery of world-class deposits.

The Company has diamond and gold exploration interests in Western Australia and has staked claims and acquired leases over a number of projects in Nevada, USA, most recently at the Junction Gold Project.

The Company also holds diamond exploration interests in Finland and a white barite project in South-West Ireland.

Shares in the Company trade on AIM. EPIC: "SRES" www.sunriseresourcesplc.com

 

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