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Last 0.20 GBp
Change Today -0.025 / -11.11%
Volume 2.3M
SRES On Other Exchanges
Symbol
Exchange
London
As of 6:39 AM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

sunrise resources plc (SRES) Snapshot

Open
0.23 GBp
Previous Close
0.23 GBp
Day High
0.23 GBp
Day Low
0.20 GBp
52 Week High
10/1/14 - 0.63 GBp
52 Week Low
05/22/15 - 0.18 GBp
Market Cap
1.4M
Average Volume 10 Days
917.1K
EPS TTM
-0.0016 GBp
Shares Outstanding
686.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SUNRISE RESOURCES PLC (SRES)

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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

sunrise resources plc (SRES) Top Compensated Officers

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Executives, Board Directors

sunrise resources plc (SRES) Key Developments

Sunrise Resources plc Provides Exploration Update

Sunrise Resources plc provided the exploration update on a number of its Nevada, USA and Australian exploration projects. The Bay State Silver Project, Nevada: The Bay State Silver Project is located in Eastern Nevada, 15km east of the County town of Eureka. It was acquired by the Company in September 2014. At the beginning of this month the Company reported bonanza silver grades from underground sampling of the Chihuahua Vein where 18 vein samples averaged over 1kg/tonne (1,123g/t or 33oz/t) of silver with bonanza grades up to 4kg/t (4,020g/t or 117oz/t) silver over 61cm. The provisional drill plan for the project has now been amended and finalised. Drilling will focus on the Chihuahua Vein, although it is possible that the programme will test parallel vein structures including the Lincoln Vein which occurs to the west of the Chihuahua Vein and also returned high silver values in the Company's previous surface sampling campaigns. The drilling will be conducted in phases depending on progressive results. A notice-level permit application will be submitted to the US Bureau of Land Management this week for the revised programme. Approval would normally be expected within a few weeks. An archaeological survey may be required to ensure that historic mine infrastructure is not disturbed during the programme. Garfield Gold-Copper-Silver Project, Nevada: The Garfield Project was staked as a 24 claim block following the discovery of high grade surface material grading 6% copper, 3.5 grammes/tonne (g/t) gold and 126g/t silver. The surface material at this locality includes transported material originating from surrounding basalt hills and in order to confirm the local provenance of this material a small soil sampling programme was complete over an area of 300m x 200m surrounding the discovery site as announced in April 2015. Results have now been received and reveal a soil anomaly associated with the discovery site with values up to 258 parts per billion (ppb) gold, 0.33% copper and 10.3g/t silver in soil. The anomaly is discrete and extends over approximately 50m. The Company considers this to reflect an in-situ source. A programme of trenching is now planned to provide further exposures of the mineralisation for sampling. Cue Diamond Project, Western Australia: Earlier in 2015, the Company commissioned Southern Geoscience Consultants (SGC) to carry out detailed modeling and interpretation of airborne magnetic and radiometric data over the project area. The objective of this work has been to identify and better define the structures hosting the known kimberlite dykes, to identify additional such structures and to identify potential kimberlite pipes having larger tonnage potential than the kimberlite dykes so far tested by the company. This work is now completed and numerous targets have been defined for field checking. Baker's Gold Project, Western Australia: An application for a new Prospecting Licence (PL) adjoining the west side of the claim block was recently granted following amendment to the project's Native Title Agreement to include this area. The new PL covers the historic Dicky Lee mine workings where a limited programme of shallow drilling by a previous operator encountered wide intervals of anomalous gold mineralisation and narrow intervals of higher-grade gold mineralisation (maximum 1m at 5.7g/t gold from 5m depth) within a quartz-vein stock work in dolerite. Metals detecting of mine spoil was reported to have returned several ounces of gold nuggets. The company has now completed soil sampling over the new licence area and results have been received. A gold in soil anomaly up to 132ppb gold has been detected immediately north of Dicky Lee mine and this anomaly will now be scheduled for drill testing alongside other targets defined in the Company's earlier soil sampling programme. The completion of soil sampling across the full project area has allowed for the rationalisation of the Company's licence block and consequently a number of project PL's have been surrendered over areas now considered non-prospective. Corona Gold Project, Western Australia: The Corona Gold Project is located south of Baker's on the same Meekatharra Greenstone Belt. Follow-up soils sampling around discrete gold-soil anomalies found in the company's earlier wide-spaced soil sampling programme did not enhance the original anomalies and so this project now has a lower priority.  As a result, the Company's licence area has been reduced to a core holding surrounding the historical Corona gold workings where high grade gold values have previously been reported from surface sampling.

Sunrise Resources plc Announces the Receipt of Bonanza Silver Grades for Samples from Bay State Silver Project, Nevada

Sunrise Resources plc announced the receipt of bonanza silver grades for samples from underground sampling of the Chihuahua Vein and associated bedded mineralisation on its Bay State Silver Project, Nevada. Highlights: Sampling programme completed beyond the rock fall that had previously prevented underground access to Chihuahua Adit. Bonanza values up to 4kg/tonne silver (4,020g/t or 0.4% or 117oz/t) within replacement style mineralisation at end of adit over 61cm (2ft). Over 1kg/tonne silver (1,123g/t or 33oz/t) average for 18 samples along 230m strike length to end of adit. Base metals enriched up to 10% combined lead-zinc-copper. Chihuahua Vein now known to carry high grade silver over sampling length of 470m. The vein remains open to the north and south. Sampling generally restricted to vein widths which vary up to 1.5m along the adit. No wall rock sampling was conducted in this programme. Drill plan being revised to focus exclusively on Chihuahua Vein System.

Sunrise Resources plc Reports Unaudited Consolidated Earnings Results for the Six Months Ended March 31, 2015

Sunrise Resources plc reported unaudited consolidated earnings results for the six months ended March 31, 2015. For the quarter, the company reported operating loss of GBP 152,271 against GBP 157,133 a year ago. Loss on ordinary activities before taxation was GBP 151,540 against GBP 156,479 a year ago. Loss on ordinary activities after taxation was GBP 151,540 against GBP 156,479 a year ago. Loss for the period attributable to equity holders of the parent was GBP 151,540 against GBP 156,479 a year ago. Basic and diluted loss per share was 0.03 pence against 0.04 pence a year ago. Net cash outflow from operating activity was GBP 163,537 against GBP 91,544 a year ago. Purchase of intangible fixed assets was GBP 74,570 against GBP 99,147 a year ago.

 

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