Sunridge Gold: Developing Copper, Zinc & Gold Deposits in Eritrea
Sunridge Gold Corp. (TSX-V: SGC) is a mineral exploration and development company focused on the advancement of the Asmara copper-zinc-gold-silver Project in Eritrea, which has now defined six NI 43-101 deposits on the project. A Feasibility Study on the four advanced projects on the Asmara Project was completed in May 2013, which demonstrated very strong economics. The Feasibility Study outlined a robust mining plan with Phase 1 production beginning in 2015 and Phase 3 (full production) achieved in 3 years.
Sunridge remains focused on acquiring a mining license in the next few months and expects to announce a non-dilutive financing plan shortly after. This will enable the company to begin mining operations for Phase 1 DSO (Direct Ship Ore ~16% copper) this year, which will provide a significant injection of cash within a few months of commercial production.
Under the plan Sunridge is working on, the company can be in production and minimize dilution. Once in full production, SGC will average 65 million pounds of copper and 184 million pounds of zinc per year.
For additional information on the Sunridge Gold please visit: www.sunridgegold.com.
Received on Wed Apr 01 2015 - 05:20:51 EDT