Sunridge Gold Announces Drill Results from the Debarwa Deposit, Asmara Project, Eritrea
Published : April 28, 2011
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 28, 2011) - Sunridge Gold Corp. (News - Market indicators) 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*
  • DEBD-129 intersected 22.00 meters of 13.14% copper, 4.00 g/t gold, and 60.91 g/t silver*
  • DEBD-130 intersected 31.85 meters of 5.72% copper, 2.13 g/t gold, and 57.59 g/t silver **
  • DEBD-132 intersected 13.45 meters of 16.22% copper, 3.22 g/t gold, and 86.57 g/t silver **
  • DEBD-133 intersected 16.70 meters of 14.90% copper, 2.15 g/t gold, and 75.92 g/t silver **
  • DEBD-135 intersected 25.45 meters of 11.22% copper, 1.75 g/t gold, and 40.23 g/t silver **
  • DEBD-136 intersected 11.45 meters of 4.10% copper, 2.18 g/t gold, and 46.84 g/t silver **
  • DEBD-138 intersected 16.50 meters of 3.66% copper, 7.15% zinc, and 2.43 g/t gold**
  • DEBD-140 intersected 14.00 meters of 2.78% copper, 7.33% zinc, and 1.35 g/t gold***
  • DEBD-143 intersected 13.60 meters of 4.94% copper, 0.77 g/t gold, and 23.62 g/t silver ***

* Results from these drill holes first reported on January 19, 2011
** Results from these drill holes first reported on February 3, 2011
*** 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.

Drill hole # From
Meters
To
Meters
Interval
Meters
Gold
g/t
Silver
g/t
Copper
%
Zinc
%
  Zone
DEBD-161 68.20 74.86 6.66 1.98 16.44 0.39 0.66   Oxide Zone
and DEBD-161 74.86 83.2 8.34 1.23 44.15 0.96 5.48   Primary Zn-Cu
DEBD-162 52.00 59.03 7.03 2.78 54.54 1.21 3.66   Primary Zn-Cu
DEBD-163 53.00 57.41 4.41 0.71 14.37 0.38 2.17   Primary Zn
DEBD-164 47.80 51.50 3.70 0.01 2.50 1.26 0.01   Cu Supergene
DEBD-165 57.70 61.27 3.57 1.96 20.34 4.18 0.04   Cu Supergene
DEBD-166 46.65 51.80 5.15 3.25 71.58 2.08 5.79   Primary Zn-Cu
DEBD-167 50.00 58.00 8.00 0.24 8.00 2.97 0.11   Cu Supergene
DEBD-168 38.45 50.30 11.85 7.25 96.47 0.37 0.01   Oxide Zone
and DEBD-168 51.00 63.90 12.90 0.08 2.74 1.38 0.01   Cu Supergene
DEBD-169 63.05 85.50 22.45 1.27 13.69 0.19 0.53   Oxide Zone
and DEBD-169 87.52 91.12 3.60 3.12 73.79 1.26 10.70   Primary Zn-Cu
DEBD-170 92.71 97.16 4.45 1.27 19.46 0.43 1.99   Primary Zn
and DEBD-170 98.62 100.90 2.28 0.18 5.03 1.73 0.21   Primary Cu
DEBD-171 55.00 59.95 4.95 0.97 16.32 0.19 0.19   Oxide Zone
DEBD-173 63.36 66.85 3.49 0.82 25.39 0.79 6.17   Primary Zn
DEBD-174 67.65 77.90 10.25 0.28 23.26 3.22 0.05   Cu Supergene
DEBD-175 50.07 53.07 3.00 0.88 12.00 0.29 0.89   Oxide Zone
DEBD-176 49.45 52.10 2.65 1.93 33.28 0.76 1.37   Primary Zn
DEBD-177 61.76 66.26 4.50 0.60 9.83 0.05 0.21    
DEBD-178 52.25 66.65 14.40 3.27 43.00 4.21 0.19   Cu Supergene
DEBD-179 38.30 42.00 3.70 0.98 29.03 0.06 0.69   Oxide Zone
and DEBD-179 42.00 47.00 5.00 1.13 31.41 0.50 3.57   Primary Zn
Inc DEBD-179 45.87 47.00 1.13 3.82 118.00 1.86 12.95   Primary Zn
DEBD-180 Incomplete assays - 2 missing geotechnical samples in middle of mineralization – see note (1) below  
DEBD-183 Incomplete assays – 4 missing geotechnical samples in middle of mineralization - see note (1) below  
DEBD-184 46.00 56.50 10.50 0.75 34.71 0.03 0.01   Au Cap
and DEBD-184 58.15 93.45 35.30 0.89 16.27 7.72 0.04   Cu Supergene
Inc DEBD-184 61.15 69.15 8.00 1.65 30.00 13.00 0.06   Cu Supergene
DH11-10 58.55 73.95 15.40 2.40 23.48 0.93 2.38   Primary Zn-Cu
Inc DH11-10 59.45 63.50 4.05 2.06 28.22 1.05 4.91   Primary Zn-Cu
and DH11-10 68.05 71.95 3.90 4.23 37.46 1.30 3.72   Primary Zn-Cu
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.

Sunridge Gold Corp.
Greg Davis
VP Business Development
604-688-1263 (direct)
greg@sunridgegold.com
www.sunridgegold.com
Data and Statistics for these countries : Australia | Eritrea | Madagascar | All
Gold and Silver Prices for these countries : Australia | Eritrea | Madagascar | All

Sunridge Gold Corp

PRODUCER
CODE : SGC.V
ISIN : CA86769Q1028
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Sunridge Gold is a gold producing company based in Canada.

Sunridge Gold produces gold, copper, silver and zinc in Eritrea, develops gold and silver in Eritrea.

Its main asset in production is ASMARA in Eritrea, its main asset in development is DEBARWA in Eritrea and its main exploration property is BESAKOA in Madagascar.

Sunridge Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 18.9 millions as of today (US$ 15.1 millions, € 13.2 millions).

Its stock quote reached its highest recent level on November 07, 2003 at CA$ 6.50, and its lowest recent point on March 20, 2020 at CA$ 0.03.

Sunridge Gold has 209 950 000 shares outstanding.

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