Garfield Royalty Interest

Sunrise Resources Plc

04 December 2023

 

4 December 2023

SUNRISE RESOURCES PLC

("Sunrise" or the "Company")

Garfield Royalty Interest

Sunrise Resources plc notes the announcement made today by Golden Metal Resources plc, ("GMR") owner of the Garfield Copper Project in the Walker Lane Mineral Belt, Nevada USA where Sunrise holds a 2% Net Smelter Return Royalty.

Under the heading "Potential for Tier 1 Copper Deposit" GMR has announced "extensive high-grade copper, silver and gold mineralisation from laboratory assay testing undertaken following the recently completed ground exploration…" and that "…the mineralisation now confirmed through the rock sample laboratory assay results extends over a large footprint which indicates the potential for Garfield to host a material copper deposit including:

-     High-Grade Zone: >1% copper results returned over an area of approximately 1500 x 500m (open in multiple directions); and

-     across the entire Project: >1% copper results returned over an area of approximately 3000 x 1500m (open in multiple directions)."

Further details can be found at:

https://polaris.brighterir.com/public/golden_metal_resources/news/rns/story/x4o8n0w

With additional background at:

https://polaris.brighterir.com/public/golden_metal_resources/news/rns/story/w6mmoqx

Commenting today, Executive Chairman Patrick Cheetham said:

Sunrise made the original surface discovery of copper-gold mineralisation at Garfield so we are pleased to see GMR continuing the exploration that we started at Garfield, prior to selling the project. We always look to retain a royalty when we sell projects as royalty interest are readily realisable at all stages of exploration and development. We will follow GMR's progress with great interest."

Sunrise holds a 2% royalty over the Powerline Zone and the majority of the High-Grade Zone. GMR may purchase one half of the royalty interest for US$1million. For further details see:https://www.sunriseresourcesplc.com/garfield-copper-gold-project-nevada

Sunrise also holds a royalty interest over the Stonewall Project held by GMR.

"Further information:

Sunrise Resources plc Patrick Cheetham, Executive Chairman	Tel: [phone]
Beaumont Cornish Limited Nominated Adviser James Biddle/Roland Cornish	Tel: [phone]
Peterhouse Capital Limited Broker Lucy Williams/Duncan Vasey	Tel: [phone]

Shares in the Company trade on AIM.

EPIC: "SRES". Website: www.sunriseresourcesplc.com

 

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