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Sunrise Resources Plc
Summary
| Project: | Bay State Silver Project | |
|---|---|---|
| Deposit: | Chihuahua Vein | |
| Location: | United States | |
| Commodities: | Silver | |
| Date: | 11/8/2016 | |
| Report Code: | (other Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-11-2016: Sunrise Resources Plc announces an Exploration/Drilling Update report for its Chihuahua Vein deposit at the Bay State Silver Project project. Drilling results incl. 1.4m @ 503g/t Ag from 185.32m. Sunrise Resources plc (ticker symbol 'SRES'), th | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Patrick Cheetham (Internal) | |
| ABSTRACT: | Sunrise Resources plc (ticker symbol 'SRES'), the AIM-traded diversified mineral exploration and development company ("the Company"), is pleased to present the following summary of progress to date on its priority Bay State Silver Project and to advise that further drilling is now provisionally scheduled for next spring. Commenting today, Executive Chairman Patrick Cheetham said: "The Company has achieved significant progress at Bay State on a limited budget. Through surface and underground sampling on the Chihuahua vein we have demonstrated high silver grades over a strike length of around 500m and have confirmed the occurrence of bonanza grades that supported historical production of direct smelter feed grades in the past. We have drilled just five holes so far on the Chihuahua vein, three have hit high grade silver mineralisation and one has demonstrated continuity of the vein system at a depth of 300m below surface. That's an excellent strike rate and we have been successful in predicting the location of the Chihuahua Vein in all but one hole. This success was underpinned by careful and systematic sampling, and planning which is continuing. Due to the high cost of drilling in winter, it is proposed that follow-up drilling be scheduled for spring. This is likely to include further drill testing along strike south of Mining Canyon and deeper drilling beneath the existing high grade drill intersections obtained north of Mining Canyon. Further details will be provided in due course." | |
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