Sunridge
Gold Corp. (TSX-V:SGC - News) is pleased to announce encouraging copper and zinc
recovery results from recent metallurgical tests conducted on mineralized
material from the Emba Derho
deposit. The metallurgical work is part of the prefeasibility study currently
being conducted on the Asmara North deposits located in Eritrea.
Emba
Derho Deposit Metallurgical Tests
The
results are from locked-cycle copper and zinc metal recovery testwork conducted at SGS (Vancouver) laboratory under
the supervision of Blue Coast Metallurgy Ltd on samples from the Emba Derho deposit. Using a
conventional, low-cost flotation flow sheet, the test results show a recovery
of 92% of the copper producing a 28% copper concentrate and 88% recovery of
the zinc producing a 62% zinc concentrate. Precious metal recoveries for gold
and silver returned values of 50% and 55%, respectively. Head grades used in
the test work were 1.15% copper, 2.14% zinc, 0.07 g/t gold and 5.1 g/t
silver.
"These
results show unexpected high copper and zinc recoveries from the Emba Derho mineralized material
with impressive product grades," says Michael Hopley,
Sunridge's President and CEO. "Considering the
large amount of copper and zinc contained in the Emba
Derho deposit this will certainly have a
significant positive effect on the economics of the deposit in the ongoing
prefeasibility study."
Sunridge
is currently conducting metallurgical testing on the Emba
Derho deposit as part of the current prefeasibility
study on the Asmara North deposits. The program will include further flowsheet optimization, variability studies and testing
of composites made from blending Emba Derho mineralization with that from two other VMS
deposits on the Asmara Project, Adi Nefas and Debarwa.
Emba
Derho Drill Program
Drilling
with three drills has been underway at Emba Derho for the past two weeks as part of a planned 8,500
meter drill program. The first assay results are expected in 4 to 6 weeks.
Qualified
Person
Michael
J. Hopley, President and Chief Executive Officer of
Sunridge is the Qualified
Person for Sunridge and the person responsible for
preparation of the technical information contained in this news release. This
press release has been reviewed by Chris Martin, Principal Metallurgist and
President of Blue Coast Metallurgy Ltd. and a Qualified Person under the
guidelines of NI 43-101.
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 116 million shares
outstanding and approximately $25 million in cash. Sunridge
trades on the TSX Venture Exchange under the symbol SGC. For additional
information on the Company and its projects please visit our website at www.sunridgegold.com or call
Greg Davis at the numbers listed below. All of the above mentioned technical
reports are filed on the Company's profile at www.sedar.com.
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.
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