From: Biniam Haile \(SWE\) (eritrea.lave@comhem.se)
Date: Tue Aug 26 2008 - 15:54:48 EDT
http://www.foxbusiness.com/story/markets/industries/industrials/sunridge
-gold-reports-gold-assay-results-surface-oxide-cap-emba-derho/-724625861
Tuesday, August 26, 2008
Sunridge Gold Reports Gold Assay Results From the Surface Oxide Cap at
Emba Derho
VANCOUVER, BRITISH COLUMBIA, Aug 26, 2008 (MARKET WIRE via COMTEX)
----Sunridge Gold Corp. (TSX VENTURE: SGC) is pleased to announce recent
gold assay results from 13 diamond drill holes that tested the gold
oxide cap at the Emba Derho VMS deposit in Eritrea. The gold cap at Emba
Derho extends from surface to a vertical depth of approximately 35
metres, overlying the main copper-zinc-gold deposit. The purpose of this
drill program was to expand, further define and upgrade the surface gold
zone from the Inferred to Indicated category for inclusion in future
resource estimates.
Previously announced independent resource estimates for the Emba Derho
deposit (news release dated December 4, 2007) showed the deposit to
contain 735 million pounds of copper and 1.7 billion pounds of zinc in
the Indicated category (see below for a summary of the Emba Derho
Indicated resource). An updated resource estimate for the main Emba
Derho deposit is scheduled for completion by mid September 2008.
Surface Gold Oxide Cap Drill highlights:
ED-217-D: 13.50 metres grading 4.64 g/t gold
ED-220-D: 31.50 metres grading 1.68 g/t gold
ED-223-D: 6.00 metres grading 4.49 g/t gold
ED-232-D: 22.00 metres grading 2.53 g/t gold
Michael Hopley, Sunridge President and CEO, said, "I believe that these
new drill hole results show that the oxide gold cap at Emba Derho is
starting to become a significant component that will ultimately enhance
the economics of the entire deposit. We will evaluate the possibility of
mining the oxide gold cap in conjunction with other surface gold
deposits that Sunridge also has on the Asmara Project such as the Gupo
which is only about 7 kilometers away by road."
The following table summarizes significant drill assay results from the
gold oxide cap at Emba Derho. Drill holes testing the oxide cap were not
drilled in numerical order. Results are pending for drill holes ED-216,
218, 219, 221, 222, 224, 225 and 231 which were drilled to test either
the copper supergene zone and/or the primary massive sulphide zone.
Drill holes ED-226-D, ED-228-D and ED-229-D that targeted the oxide gold
cap did not intersect significant gold values. A plan map showing the
reported drill holes, as well as a 3D model of the Emba Derho deposit is
inserted at the bottom of this news release (to view please click on the
following link: http://media3.marketwire.com/docs/sgc826.pdf).
Sunridge Gold Corp. is a mineral exploration company focused on the
acquisition, exploration, discovery and development of precious and base
metal projects. The company is currently conducting exploration on the
Asmara Project in Eritrea. The Company has 62.1 million shares
outstanding and 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.
Notes:
1. The tabulation below is a summary of Indicated Mineral Resources at
Emba Derho:
2. All drill holes reported are diamond drill holes.
3. Drill intercept lengths, not true widths, are reported in the text
and tabulation.
4. A Quality Assurance/Quality Control program is part of the drilling
program on the Asmara Project. This program includes chain of custody
protocol as well as systematic submittals of standards, duplicates and
blank samples into the flow of samples produced by the drilling.
5. A description of the geology, sampling procedures, and the Company's
laboratory Quality Assurance/Quality Control procedures are as described
Emba Derho Project, Eritrea - Mineral Resource Estimate" with an
effective date of November 30, 2007 was prepared by MSA Geoservices
(Pty) Ltd. ("MSA"), an independent and internationally operating
geological consultancy firm based in Johannesburg, South Africa. The
report was prepared on behalf of the Company in accordance with NI
43-101 requirements by Mike Robertson, MSc, Pr. Sci.Nat, MSAIMM and Mike
Hall MAusIMM both of MSA and can be viewed on the company's profile at
www.sedar.com.
6. Samples are prepared at African Horn Testing Services (Eritrea) and
analyzed at Genalysis Laboratories (a NATA registered laboratory) in
Perth, Western Australia.
7. The Qualified Person responsible for the release of this exploration
information is Michael Hopley, President and Chief Executive Officer of
Sunridge Gold Corp.
SUNRIDGE GOLD CORP.
Michael Hopley, President and Chief Executive Officer
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
----[This List to be used for Eritrea Related News Only]----