Sunridge Gold Corporation announced final assays results for the 2012
exploration diamond drill program at the Adi Rassi copper and gold
prospect, part of the Asmara Project in Eritrea. The results
continued to show wide copper and gold intercepts and confirm
management's belief that Adi Rassi is a new large copper and gold
discovery that has the potential to become Sunridge's fifth deposit
on the Asmara Project.
The copper and gold mineralized zone has now been defined over about
400 meters strike length, 40 meters to 100 meters in width and to a
vertical depth of 330 meters. The zone remains open and Sunridge is
now planning the next phase of drilling and completion of an initial
resource estimate on the Adi Rassi deposit.
Amongst the highlights, hole AR-013-D encountered 0.80% copper and
1.01 grams per tonne gold over 56.17 meters; AR-014-D drilled for
49.65 meters averaging 0.31% copper and 0.47 grams per tonne gold;
hole AR-016-D discovered 0.52% copper and 0.34 grams per tonne gold
over 74.26 meters; AR-017-D drilled 38.20 meters averaging 1.50%
copper and 0.50 grams per tonne gold and hole AR-018-D encountered
0.54% copper and 0.43 grams per tonne gold over 99 meters.
Copper and gold mineralization at Adi Rassi is associated with quartz
veins and breccia zones along a major shear zone that trends
northeast for over 3 kilometers and dips steeply to the west. This
mineralization is considered to be remobilized from a distal source,
possibly an as yet unidentified buried volcanogenic massive sulphide
deposit and is mainly hosted in strongly foliated and distorted
altered mafic volcanic tuff and flows.
Mr Michael Hopley president & CEO of Sunridge said that "The 2012
drill program has successfully better defined and expanded the copper
and gold mineralized zone and it is now clear that Adi Rassi has the
potential of becoming much larger than the nearby Debarwa deposit.
Metallurgical test work is underway to determine if the copper and
gold recovery methodology is compatible with the process to be used
at the nearby Debarwa copper and gold deposit. The next step is to
have an independent initial resource estimate completed.”
Source - Sunridge Gold
Received on Mon Aug 06 2012 - 21:33:34 EDT
