2013-01-18 13:07:19 -
Vancouver, British Columbia CANADA, January 18, 2013 /FSC/ - Sunridge Gold Corp. (SGC - TSX Venture, SGCNF - OTCQX)(the “Company” or “Sunridge”)has filed a National Instrument 43-101 compliant technical report regarding the initial resource estimate for the Adi Rassi copper-gold deposit located on the Asmara Project, Eritrea.
As announced on December 4, 2012, the highlights of the estimate were:
* Inferred Mineral Resource of 15.77 million tonnes with an average grade of 0.54% copper and 0.33 g/t gold
* Contained metal = 189,060,000 pounds of copper and 167,000 ounces of gold
* The resources area is open for expansion in most directions
* Less than 10 km from Debarwa deposit and paved road access
* Positive initial metallurgical results
Further expansion drilling planned in 2013
Adi Rassi is the fifth mineral resource defined by Sunridge on the Asmara Project. A feasibility study is scheduled for completion in April 2013 on the other four deposits (Adi Nefas, Emba Derho, Gupo and Debarwa).
The report is titled "Adi Rassi Deposit" prepared by Fladgate Exploration Consulting Corporation with an effective date of January 18, 2013.
Mr. Michael J. Hopley is the Qualified Person who approved the technical information contained in this news release.
Sunridge is a mineral exploration and development company focused on the acquisition, exploration, discovery and development of base and precious metal deposits on the Asmara Project in Eritrea and exploration properties in Madagascar. Sunridge currently has approximately 175 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 Greg Davis at the numbers listed below.
SUNRIDGE GOLD CORP.
Michael Hopley, President and Chief Executive Officer
For further information contact:
Greg Davis, VP Business Development
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.
This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; possible variations in ore grade or recovery rates; accidents, labor disputes and other risks of the mining industry; delays in negotiating a shareholders' agreement with ENAMCO and obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
To view this press release as a webpage please click on the following link:
Source: Sunridge Gold Corp. (TSX-V SGC) www.sunridgegold.com
Maximum News Dissemination by FSCwire. www.fscwire.com