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Last 0.20 GBp
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SRES On Other Exchanges
As of 11:30 AM 11/27/15 All times are local (Market data is delayed by at least 15 minutes).

sunrise resources plc (SRES) Snapshot

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11/28/14 - 0.38 GBp
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05/22/15 - 0.18 GBp
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sunrise resources plc (SRES) Details

Sunrise Resources plc engages in the identification, acquisition, exploration, and development of mineral projects. It explores for diamonds, barite, gold, diatomite, copper, and silver. The company holds interests in various projects in Western Australia, Ireland, and Finland, as well as Nevada, the United States. The company was formerly known as Sunrise Diamonds plc and changed its name to Sunrise Resources plc in May 2010. Sunrise Resources plc was founded in 2005 and is headquartered in Macclesfield, the United Kingdom.

Founded in 2005

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sunrise resources plc (SRES) Key Developments

Sunrise Resources plc Announces High-Grade Silver Results from its First Phase of Drilling at the Bay State Silver Project in Nevada

Sunrise Resources plc announced high-grade silver results from its first phase of drilling at the Bay State Silver Project in Nevada. details of drilling results for three diamond drill holes completed on behalf of the Company in late August and early September of 2015 by drilling contractor Boart Longyear. The programme was designed to follow up high-grade and bonanza silver sampling results from historical surface and underground sampling, to provide valuable grade and geological information and pave the way for more substantial programmes of drilling aimed at resource definition. Despite challenging drilling conditions, all three drill holes were completed to at least their planned target depth for total meterage of 600m. All three drill holes were drilled from the west side of the vein system. All core was logged in the field and sample intervals marked up by the field geologist based on geological logging. The mineralisation encountered in the drill holes is visually distinctive and consistent with the vein-style mineralisation seen in surface and underground exposures. The silver bearing vein zones are characterised by silicification, spotty sulphide mineralisation (galena and tetrahedrite) and staining with secondary copper minerals. Analytical results indicate that contacts between high grades and low grades of silver within the vein zone are sharp. Samples of the drill core were taken in intervals not exceeding 5ft (1.53m). In most cases sampling was extended beyond the visually mineralised intervals and a few speculative samples were taken from other parts of the core showing different style of alteration and mineralisation. A total of 127 samples were taken for analysis. Significant analytical results are shown in the attached table and details of individual drill holes are as follows: Hole SRDD001 was drilled at an angle of 70 degrees from horizontal, perpendicular to the projected strike of the vein and to a down-hole depth of 185m. It was designed to intersect the Chihuahua vein below the floor of Mining Canyon and below the level of the deepest mine working just south of the Chihuahua adit. Two narrow but high-grade intervals of silver mineralisation were encountered above the level of the predicted vein intersection. Without further drilling it is not possible to say if this represents a displaced or shallow dipping part of the main vein. The narrow high-grade silver mineralisation encountered at 88.70-88.85m down-hole was from a speculatively selected sample and the high grade of this sample, 11.5 oz/ton silver (394 g/t), was unexpected. No samples were taken either side of this interval and further sampling around this interval is now required. Hole SRDD002 was drilled high at the north-west end of Mining Canyon at an angle of 45 degrees from horizontal, perpendicular to the projected strike of the vein and to a down-hole depth of 183m. It was successful in demonstrating the continuity of mineralisation seen at the end of the Chihuahua adit and intersected the vein at its projected depth. In this hole the vein system has a total thickness of 13.4m and contains narrow intervals of very high-grade mineralisation. Hole SRDD003 was drilled from the floor of Mining Canyon approximately midway between the first two holes. It was drilled at an angle of 45 degrees from horizontal, perpendicular to the projected strike of the vein and to a down-hole depth of 232m. The hole intersected a strong high-grade section of vein material at the depth predicted from 3D modelling of the vein from surface and underground workings and as shown in the attached table. Overall this first small drill programme has been successful in demonstrating the continuity of silver mineralisation below and beyond the level of historical workings over a tested strike length of 320m. To date only 3 of the 17 drill holes which have been permitted to date have been completed and such limited drilling over a significant strike length is unlikely to present an accurate picture of a vein system that is likely to pinch and swell along its length and where the higher grades and thicknesses are likely to occur in defined ore shoots along the vein system. However the results are considered to be highly encouraging and justify additional drilling. Phase 2 drilling is now being planned.

Sunrise Resources plc Provides Update on Bay State Project Drill Programme

Sunrise Resources plc provided an update on the progress of the Phase 1 drilling programme on its Bay State Silver Project in Nevada, USA. The Phase 1 drill programme, comprising three holes for a total of 500m, started on 24 August, and was expected to last for two weeks with assay results expected six weeks after completion. The drill programme is now expected to extend for one further week due to technical challenges posed by the steep terrain. Notwithstanding this, the programme is proceeding well with excellent core recoveries being achieved. The timeframe for receipt of assay results may consequently be extended by one week.

Sunrise Resources plc Starts Drilling at its Bay State Silver Project in Nevada, USA

Sunrise Resources plc confirmed that drilling started, on schedule, at its Bay State Silver Project in Nevada, USA. As previously advised, the first phase of drilling will comprise 3 holes at 150-200m spacing for a total of approximately 500m of diamond drilling.


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