Sunridge Gold Drills 51 Metres of 1.71 G/T Gold at Kodadu Targe

 
FSC / Press Release 
Sunridge Gold Drills 51 Metres of 1.71 G/T Gold at Kodadu Target, Asmara
Project, Eritrea 
Vancouver, British Columbia CANADA, March 07, 2013 /FSC/ - Sunridge Gold Corp. 
(SGC - TSX Venture, SGCNF - OTCQX),("Sunridge") is pleased to report that assay
results have been received for all 21 holes of the recently completed
reverse-circulation drilling program on the Kodadu target located on the
Company's Asmara Project in Eritrea, East Africa.  The program has successfully
intercepted significant gold mineralization in the oxide gold cap of the Kodadu
volcanic-massive-sulphide zone (gossan) as well as defining more gold
mineralization in a nearby shear zone.  The results represent a new gold
discovery for Sunridge; previous drilling in the area targeted deeper
volcanogenic-massive-sulphide base metal mineralization (see map). 
Fladgate Exploration Consulting Corporation has now been commissioned by the
Company to complete an initial resource calculation on the gold oxide zones at
Kodadu. The goal of the exploration work at Kodadu is to rapidly define a
resource that could be mined as feed to a central gold plant near the large Emba
Derho deposit. 
Drill Highlights: 
* KD-002-R  51m of 1.71g/t Au
* KD-003-R  31m of 1.77g/t Au
* KD-004-R  22m of 1.66g/t Au
* KD-010-R  14m of 1.04g/t Au
* KD-016-R  33m of 1.15g/t Au 
"The drill program at Kodadu has successfully intercepted significant near
surface gold mineralization and has provided enough information to begin work on
an initial resource estimate" states Michael Hopley, President and CEO of
Sunridge. "This drilling program has again demonstrated the prolific potential
of the Asmara Project." 
The Kodadu target is located approximately 25 kilometers south of the large Emba
Derho copper-zinc-gold-silver deposit. Several gossans have been identified by
surface mapping that trend north-northeast for over 1.2 kilometre strike length
and they have an average width of about 15 meters. Typically these gossans have
depths from surface of 30 to 35 meters. 
In addition to the VMS style target described above, gold mineralization has
been identified in a one kilometer shear zone running parallel and about 100
meters west of the Kodadu gossans (see map).  Geological mapping has shown the
zone to be approximately 30 meters wide. 
A Full Summary of Results is as follows: 
-***- 
----------------------------------------------------------
Drill Hole   From      To     Length   Average     Zone
  Number   (metres) (meters)  (meters)  Grade 
g/t gold
----------------------------------------------------------
KD-001-RC     3        30       27       1.08     Gossan
----------------------------------------------------------
KD-002-RC     0        51       51       1.71     Gossan
----------------------------------------------------------
KD-003-RC     0        31       31       1.77     Gossan
----------------------------------------------------------
KD-004-RC     17       39       22       1.66     Gossan
----------------------------------------------------------
KD-005-RC     13       30       17       1.18     Gossan
----------------------------------------------------------
KD-006-RC     12       44       32       1.06     Gossan
----------------------------------------------------------
KD-007-RC     12       24       12       0.46     Gossan
----------------------------------------------------------
KD-008-RC     21       29        8       1.29     Gossan
----------------------------------------------------------
KD-009-RC     7        27       20       1.05     Gossan
----------------------------------------------------------
KD-010-RC     12       26       14       1.04     Gossan
----------------------------------------------------------
KD-011-RC     0        18       18       0.43     Gossan
----------------------------------------------------------
KD-012-RC     9        25       16       0.72     Gossan
----------------------------------------------------------
KD-013-RC     0        11       11       0.81   Shear zone
----------------------------------------------------------
KD-014-RC     0        15       15       0.64   Shear zone
----------------------------------------------------------
KD-015-RC     15       36       21       0.99   Shear zone
----------------------------------------------------------
KD-016-RC     46       79       33       1.15   Shear zone
----------------------------------------------------------
KD-016-RC     51       67       16       2.3    Shear zone
----------------------------------------------------------
KD-021-RC     9        10        1       1.19   Shear zone
---------------------------------------------------------- 
-****- 
Note: No significant assays in drill holes KD-017-RC, KD-018-RC, KD-019-RC and
KD-020-RC. 
Asmara Project Feasibility Study 
The feasibility study on the four advanced deposits on the Asmara Project
remains on schedule to be completed in the second quarter of 2013. A positive
Asmara Project Prefeasibility Study was completed in May 2012 on these same four
deposits which demonstrated robust economics, with a pre-tax net present value
of $555 million with a 10% discount applied and an internal rate of return of
27%. 
NOTES: 
1. All drill holes reported are reverse-circulation holes. 
2. A Quality Assurance/Quality Control program was part of the sampling program
on the Kodadu prospect. 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. 
3. Samples were prepared at African Horn Testing Services (Eritrea) and analyzed
at Genalysis Laboratories (a NATA registered laboratory) in Perth, Western
Australia. 
4. Drilling intercepts lengths only are reported in the tabulations; it is
estimated that true width will be approximately 70% of the mineralized
intersections reported. 
5. The results of the Kodadu drilling program 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 175 million shares
outstanding.  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 Greg Davis at the number
listed below. 
SUNRIDGE GOLD CORP. "Michael Hopley"
For further information contact: 
Michael Hopley,
President and Chief Executive Officer 
Greg Davis,
VP Business Development
Email:  greg@sunridgegold.com
Tel:  604-688-1263 (direct) 
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.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. 
This press release is available as a PDF, to view the file, please click on the
following link:
http://www.usetdas.com/pr/sunridgegold03072013.pdf 
To view the graphic "Drilling Channel Sampling" please click on the following
link;
http://www.usetdas.com/pr/sunridgegold03072013.jpg 
Source: Sunridge Gold Corp. (TSX-V SGC)  http://www.sunridgegold.com
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-0- Mar/07/2013 12:01 GMT
 
 
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