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Sunridge Gold Corp. reports assay results from the final 63 drill holes of the recently completed drilling program at the Gupo Gold Deposit, part of the Asmara Project, Eritrea.
This drill program consisted of 99 drill holes totaling 8,100 metres. The program was designed to expand and upgrade the current Inferred resource at Gupo to the Measured and Indicated categories and to acquire geotechnical data necessary for the ongoing prefeasibility study on the Asmara North deposits which include the Emba Derho, Adi Nefas, and Gupo Gold deposits. Drill Intersection Highlights: • Drill hole GG-116-R: 28 metres averaging 3.05 g/t gold • Drill hole GG-125-R: 13 metres averaging 3.08 g/t gold • Drill hole GG-128-R: 19 metres averaging 2.77 g/t gold • Drill hole GG-142-R: 12 metres averaging 5.72 g/t gold and 7 meters averaging 6.52 g/t • Drill hole GG-156-R: 22 metres averaging 2.31 g/t gold • Drill hole GG-160-R: 19 metres averaging 5.30 g/t gold • Drill hole GG-168-R: 13 metres averaging 10.09 g/t gold Gold mineralization at Gupo extends intermittently over a strike length of approximately 1.6 kilometres and is associated with stockwork quartz veins and a sericite alteration halo controlled by a shear zone 10 to 30 metres in width. The resource outcrops at surface and drilling has shown mineralization to extend at least to 150 metres vertically from surface and in many locations is open to depth. The 2 maps attached to this release show that these recent drilling results are mostly from reverse-circulation drill holes from the southern part of the Gupo Main area and the Gupo South area. As can be seen on the map of the Gupo Main area this southern part of the deposit bifurcates into two separate sub-parallel limbs each 30 to 50 metres wide. In order to better define the mineralization most of the reverse-circulation drill holes are close spaced (10 to 20 metres) along section lines 20 metres apart. Also, some holes are 'twin'holes (1 to 2 metres from original hole) that have been drilled to validate historic drilling at Gupo. In addition to the reverse-circulation holes there are 8 diamond drill holes (prefix GG-GT) drilled for geotechnical data necessary for the design of the proposed open-pit at Gupo; selected intervals were assayed and results are included in this release. Gupo South gold mineralization occurs some 500 metres south of the southern limit the Gupo Main mineralization due to a 500 metre wide hiatus in gold mineralization. Gold mineralization has been defined by drilling in a zone that varies from 30 to 120 metres wide over a strike length of approximately 400 metres. The reverse-circulation drill holes recently completed are generally spaced at 40 to 50 metres apart both along and between sections and have defined mineralization down to about 80 metres. In general these latest results from the Gupo Main and Gupo South areas confirm the location and grade of gold mineralization defined by previous drill holes down to depths of approximately 80 metres (Gupo South) to 150 meters (Gupo Main). In addition, new zones of mineralization have been found laterally (east and west) as well as in depth and in some cases these zones are open. Michael Hopley, Sunridge President and CEO says "We are very pleased with the results of this latest drilling campaign at Gupo and are confident that it will achieve the goals of both upgrading and increasing the overall size of the Gupo Gold deposit. The next stage will be the completion of a new resource at Gupo by Snowden and this will be an important step towards completion of the Prefeasibility Study on the Asmara North in late March this year". More information, click here. |
