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Last C$0.14 CAD
Change Today -0.005 / -3.33%
Volume 14.9K
As of 9:30 AM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

sunridge gold corp (SGC) Snapshot

Open
C$0.14
Previous Close
C$0.15
Day High
C$0.14
Day Low
C$0.14
52 Week High
04/10/15 - C$0.24
52 Week Low
10/31/14 - C$0.12
Market Cap
30.4M
Average Volume 10 Days
100.9K
EPS TTM
C$-0.01
Shares Outstanding
209.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SUNRIDGE GOLD CORP (SGC)

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sunridge gold corp (SGC) Details

Sunridge Gold Corp. engages in the acquisition, exploration, discovery, and development of base and precious metal projects. It holds a 100% interest in the Asmara copper-zinc-gold-silver project located in Eritrea. The company is headquartered in Vancouver, Canada.

sunridge gold corp (SGC) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$250.0K
Chief Financial Officer
Total Annual Compensation: --
Corporate Secretary and Director
Total Annual Compensation: --
Vice President of Business Development
Total Annual Compensation: C$160.0K
Vice President of Project Development
Total Annual Compensation: C$230.0K
Compensation as of Fiscal Year 2014.

sunridge gold corp (SGC) Key Developments

Sunridge Gold Corp. Provides Update on the Mining License for the Asmara Project, Eritrea

Sunridge Gold Corp. provided an update on the permitting process for the Asmara copper/zinc/gold/silver project in Eritrea. The Asmara Project is held by the Asmara Mining Share Company (AMSC) a joint-venture company of which Sunridge owns 60% and the Eritrean National Mining Corporation (ENAMCO) owns 40%. The Asmara Project comprises six defined deposits, four of which are the subject of a feasibility study completed in May 2013 and are currently in the permitting process. As part of the final steps in the permitting process, AMSC is presently in discussions on the detailed terms of the mining agreement with the Ministry of Energy and Mines (MEM). This agreement covers every aspect of the planned mining operations on the Asmara Project over the 20 year term of the Mining License including the timing of the start of development and commercial production, design capacity and production amounts, reporting requirements, royalty calculations, the use of expatriate employees, contractors and sub-contractors, financing and fiscal arrangements, safety issues, community relations, as well as reclamation and closure plans. Once these terms are agreed to then AMSC and the MEM will execute the mining agreement and MEM will be able to issue a mining license to AMSC. Sunridge is confident that the Mining License will be issued in the near future which will allow AMSC to raise the capital to fund the development of phase 1A, which is the mining and shipping of the high-grade copper direct shipping ore on the Debarwa deposit. In addition, the MEM has recently notified AMSC of the renewal of the three exploration licenses that make up the asmara project until May 2016.

Sunridge Gold Corp. Auditor Raises 'Going Concern' Doubt

Sunridge Gold Corp. filed its Annual on Apr 30, 2015 for the period ending Dec 31, 2014. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Sunridge Gold Corp. Provides Update on the Asmara Project, Eritrea

Sunridge Gold Corp. provided an update on current field work and other activities on the Asmara copper/zinc/gold/silver project in Eritrea. The Asmara Project is held by the Asmara Mining Share Company. The Asmara Project comprises six defined deposits, four of which are the subject of a feasibility study completed in May 2013 and are currently in the permitting process. While most of the Company's focus and efforts have been on permitting the four projects in the Feasibility Study and moving them towards production, limited low-cost exploration work has also continued on the Asmara Project. The recent exploration work was focused on the two "pipeline" deposits on the Asmara Project, the Kodadu volcanogenic-massive-sulphide ("VMS") deposit and the Adi Rassi copper-gold deposit. Both deposits have Inferred mineral resources and are open for expansion. The work recent has focused on defining new areas of mineralization to direct future expansion drilling. A total of 14 east - west oriented channels were cut with a portable diamond saw totaling 318.48 meters across the Kodadu VMS gold oxide zone structures to define future drill targets. These structures has now been defined over a total strike length of 1,350 meters. A total of 10 lines of AMT (Audio-Magneto-Telluric) geophysical survey were also completed across the Kodadu VMS system, to define the massive sulfide conductors occurring beneath the oxide gold zone gossans which represent potential drill targets. The AMT data is in final processing. In order to increase the size of the defined mineralization at Adi Rassi the recent focus has been on the South Hill area where copper mineralization can be seen at surface but is not included in the current resource estimate. A total of four east-west oriented trenches totaling 367 meters were dug to bed-rock with a back-hoe and rock samples taken from the trenches by hand to define future drill targets. This trenching program has now defined the copper and precious metal mineralization at Adi Rassi South Hill over a strike length of over 150 meters with an average width of 70 meters.

 

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