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Sunridge Gold Corp. announced that it has received a new independent resource estimate which shows a significant increase in size for the Emba Derho volcanogenic massive sulphide (VMS) deposit on the Company's 100% owned Asmara Project, Eritrea.
This new resource was completed by Snowden Mining Industry Consultants Inc. as part of its ongoing prefeasibility study on the Asmara North Deposits which include Emba Derho, the Adi Nefas zinc-gold-copper VMS deposit and the Gupo gold deposit. The prefeasibility study is being conducted by Snowden and GBM Minerals Engineering Consultants Ltd. and is scheduled for completion in April 2012. Highlights: • Measured and Indicated resources are 70.0 million tonnes. In addition there are 15 million tonnes in the Inferred category • Copper-rich zone: 49.8 million tonnes at an average grade of 0.83% copper and 0.93% zinc • Zinc-rich zone: 16.8 million tonnes at an average grade of 2.80% zinc and 0.31 g/t gold • Total contained metals in the Measured and Indicated categories are estimated as: - 1.00 billion pounds of copper
- 2.1 billion pounds of zinc
- 506,000 ounces of gold
- 18.6 million ounces of silver.
Sunridge President and CEO Michael Hopley says "This new resource estimate exceeds expectations; Emba Derho now contains 1 billion pounds of copper and over 2 billion pounds of zinc along with significant amounts of gold and silver in the Measured and Indicated resource categories. Because of the exceptionally clean metallurgy and amenable shape of the deposit for open-pit mining, we expect that most of these resources will be converted to reserves with the completion of the pre-feasibility study in April." More information, click here. |
