Sunridge Gold Corp TSXV:SGC announced an updated NI 43-101 resource update for the Emba Derho, Adi Nefas and Gupo deposits of its Asmara Project in Eritrea, East Africa. The project is estimated to have measured and indicated resources of 1 billion pounds copper, 2.1 billion pounds zinc, 506,000 ounces gold and 18.6 million ounces silver.
President/CEO Michael Hopley said, “This new resource estimate exceeds expectations; Emba Derho now contains 1 billion pounds of copper and over 2 billion pounds of zinc along with significant amounts of gold and silver in the measured and indicated resource categories. Because of the exceptionally clean metallurgy and amenable shape of the deposit for open-pit mining, we expect that most of these resources will be converted to reserves with the completion of the pre-feasibility study in April.”
VP Business Development
by Ted Niles