Asmara Project
Country Eritrea 
Close to Asmara
Surface 700 km² / 172,970 acres
Latitude / Longitude 15 N 4 / 38 E 49
Print Valuation Travel To Property All neighbouring Properties Mines and deposits nearby All active properties nearby
Produces Copper - Gold - Silver - Zinc -
Explores for
Last updated on 11/17/2010 - Terms of Use
Risk and valuation analysis of the Asmara Project
Status Risk : Production
Country Risk : Very High
Title(s) of the Asmara Project
Sunridge Gold Corp
Owner: 100%
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Hold s a 40% interest and has option to earn a 70% interest. (Dec 31/05) A notice was given to each SSR and AWR indicating intention to purchase SSRs 48% interest and AWRs 12% interest in the Asmara JV for Sunridge common shares to attain 100% of the Asmara joint venture project. (Jan 16/06)
Sub-Sahara Resources
Interest: 60%
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Sunridge was granted an option to earn up to a 90% joint venture interest in the Asmara Project by Sub-Sahara Resources (SSR) NL by funding staged exploration expenditures. SSR is the operator of the joint venture until the Sunridge earns a 40% interest. (Aug 21/03) For details, see Pa172985.pdf, p. 2.
Location of the Asmara Project
The Asmara Project covers 700 square kilometres in central Eritrea, located immediately to the north, south and west of the capital city of Asmara.
History of the Asmara Project
Sunridge Gold entered into a joint venture agreement in 2003 and has now earned 100% of the project. The Eritrean government has a 10% free carried interest.
Exploration and drilling
10/26/2016(Sunridge Gold)Receives Final Payments for Asmara Project, Eritrea
2/23/2016(Sunridge Gold)Key Chinese Regulator Approves SRBM Purchase of Sunridge's 6...
12/7/2015(Sunridge Gold)Receives Conditional Approval From Exchange To Sell Its 60% ...
11/6/2015(Sunridge Gold)Agrees To Sell Its 60% Interest In Asmara Mining Share Comp...
6/26/2015(Sunridge Gold)Provides Update on the Mining License for the Asmara Projec...
4/15/2015(Sunridge Gold)Provides Update on the Asmara Project, Eritrea
6/27/2014(Sunridge Gold)Signs Shareholder's Agreement With Enamco For Asmara Copper-...
2/4/2014(Sunridge Gold)Signs Agreement with Enamco for Asmara Copper-Zinc-Gold Proj...
6/29/2011(Sunridge Gold)Restarts Exploration Program on Asmara Project, Eritrea
2/21/2011(Sunridge Gold)Starts New Drill Program at Emba Derho Copper-Zinc-Gold Depo...
10/6/2010(Sunridge Gold)Restarts Exploration Drilling and Mobilizes a Second Drill t...
7/22/2010(Sunridge Gold)Announces Results of Strategic Production Study and Metallur...
7/6/2010(Sunridge Gold)Reports 52 Metres of 0.97 g/t Gold and 0.62% Copper at Adi R...
5/12/2010(Sunridge Gold)Antofagasta Minerals Exploration Joint-Venture Update
3/31/2010(Sunridge Gold)Initiates Production Study on Asmara Project, Eritrea
1/25/2010(Sunridge Gold)And Antofagasta Minerals Commence Drilling At Daero Paulos, ...
1/7/2010(Sunridge Gold)Increases Size Of Asmara Project, Eritrea By 60%
9/22/2009(Sunridge Gold)Begins New Drill Program at Asmara Project, Eritrea
4/1/2009(Sunridge Gold)Advances Work on Gupo Gold Deposit & Medrizien Prospect Yiel...
11/23/2006(Sunridge Gold)Drilling Starts at Kodadu Prospect, Asmara Project, Eritrea
10/31/2006(Sunridge Gold)Commences US$500,000 Ground Gravity Survey at Asmara Project...
7/19/2006(Sunridge Gold)Drill Results from Adi Nefas, Asmara Project, Eritrea
6/10/2006(Sub-sahara Res.)Promising results from Eritrean gold campaign
Discoveries and Drilling Results
3/1/2011(Sunridge Gold)Receives Positive Metal Recovery Results from the Emba Derho...
1/6/2011(Sunridge Gold)Intercepts Strong VMS Mineralization at the Asmara Project, ...
7/29/2010(Sunridge Gold)Reports 84 Metres of 1.32 G/T Gold and 0.84% Copper at Adi R...
2/25/2010(Sunridge Gold)Expands Mineralization at the Debarwa Deposit, Asmara Projec...
4/3/2007(Sunridge Gold)Increases Ownership of Asmara Project, Eritrea to 100%
12/7/2006(Sunridge Gold)Increases Strike Length and Width of Emba Derho Zinc/Copper/...
9/6/2006(Sunridge Gold)Intercepts 84.50 Metres of 2.69% Copper at Emba Derho
Data last updated on : 2/23/2009
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