2013-08-28 21:42:07 -
Armstrong, British Columbia CANADA, August 28, 2013 /FSC/ - Sunrise Resources Ltd. (SHI - TSX Venture), recently announced the results of the first two holes completed on its 100% owned Man-Prime property. These results include 123.6 m of 0.25% copper and 0.085 g/t gold (0.30% copper equivalent*) at the bottom of hole PR13-01, with the very bottom 24.6 m averaging 0.34% copper and 0.066 g/t gold (0.38% copper equivalent*). The bottom 153 m of PR13-02 assayed 0.21% copper and 0.045 g/t gold (0.24% copper equivalent*) which included 12.0 m near bottom of the hole which averaged 0.33% copper and 0.073 g/t gold (0.38% copper equivalent*). In both cases the existing drill rig was unable to drill deeper. Accordingly, the Company
plans to contract a larger drill rig and to drill underneath these first two holes.
The Company has government approval to drill up to another 10 holes. Details of the first holes can be found on the Company's website.
*(CuEq - Copper equivalent) has been used to express the combined value of copper and gold as a percentage of copper, and is provided for illustrative purposes only. No allowances have been made for recovery losses that may occur should mining and processing eventually take place. Copper equivalent calculations used metal prices of: $3.00 (U.S.) per pound of copper and $1,300.00 (U.S.) per troy ounce of gold using the formula CuEq = Cu percentage plus (Au g/t(x)0.632).
Mr. J.W. Murton P. Eng. is the qualified person who is responsible for the technical information contained in this News Release. Mr. Murton is a Director of Sunrise.
For further information, please contact:
Responsible Officer: Irvin Eisler, CEO and President
Telephone: (250) 546-6559
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 relating to contracting a larger drill rig and drilling underneath the two prior drill holes. Important factors that could cause actual results to differ materially from the Company's expectations are management's discretion to adjust the exploration plans for its properties as well as the need for ongoing financing.
The Company cannot guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will only update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.
To view the press release as a PDF file, please click on the following link:
Source: Sunrise Resources Ltd. (TSX.V-SHI)
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