From: Biniam Tekle (biniamt@dehai.org)
Date: Mon Feb 08 2010 - 14:12:08 EST
*Tue Feb 2, 2010
Sunridge Gold Provides update on Asmara Project Tour, Drilling Progress and
Company Presentations
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*
View News Release in PDF
Format<http://www.sunridgegold.com/i/pdf/SGCNR10-03.pdf>
Sunridge Gold Corp. (SGC/TSX.V) is pleased to report on the success of an
analyst's tour to Eritrea co-hosted by Sunridge and Nevsun Resources Ltd.
The tour included site visits to Sunridge's Asmara Project and Nevsun's
Bisha Project as well as a visit to the port of Massawa. The tour included
representatives from the media as well as mining analysts on the buy side
and sell side. The visitors also met with members of the Eritrean Ministry
and Mines.
The visitors came away with a positive impression of Eritrea and the evident
strong support of the Eritrean government to the industry.
*Drilling Progress:*
Sunridge expects to release the drill assay results from the 2009 drill
program conducted at the 100% owned Debarwa project in mid February.
In addition the phase one drill program is well underway at the Daero
Paulos, the large new copper prospect on the Asmara Project, Eritrea. The
Daero Paulos target is part of the October 2, 2009 exploration funding
agreement with Antofagasta Minerals S.A.
*Company Presentations:*
Michael Hopley, President and CEO of Sunridge will be giving a corporate
presentation at the Mining Indaba Conference in Cape Town, South Africa this
week. The Minister of Energy and Mines of the state of Eritrea, Ahmed Haj
Ali, together with the Director General, Alem Kibreab are also attending the
Indaba conference.
Greg Davis, Vice-President of Business Development, will then give a
corporate presentation at the Africa Mining Congress being held in
Livingstone, Zambia on February 5th, 2010.
*About Sunridge:*
Sunridge is a mineral exploration and development company focused on the
acquisition, exploration, discovery and development of base and precious
metal projects on the Asmara Project in Eritrea and exploration properties
in Madagascar.
Sunridge has approximately 76 million shares outstanding and approximately
$7 million in cash. Sunridge trades on the TSX Venture Exchange under the
symbol SGC. For additional information on the Company and its projects
please view the slide show on our website at www.sunridgegold.com or call
Don Halliday or Greg Davis at the numbers listed below.
*SUNRIDGE GOLD CORP.*
*"Michael Hopley" *
Michael Hopley, President and Chief Executive Officer
*For further information contact:*
Don Halliday, Executive Vice President
Email: donh@sunridgegold.com
Tel: 604-899-1505 (direct)
Greg Davis, VP Business Development
Email: greg@sunridgegold.com
Tel: 604-688-1263 (direct)
*Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.*
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