Tag Archives: Asmara project

Eritrea to Buy 30% Interest of Sunridge’s Asmara Project

The Asmara Project that consists of four mineral deposits (Emba Derho, Debarwa, Adi Nefas and Gupo) will be the largest mine in Eritrea

Sunridge Gold, the next Nevsun, will soon reach to its final stage – production

By Sunridge Gold,

Sunridge Gold Corp. (the “Company” or “Sunridge”) (SGC:TSX.V/SGCNF:OTCQX) is pleased to announce that the Eritrean government through the Eritrean National Mining Corporation (“ENAMCO“) has informed the Company that ENAMCO intends to acquire a 30% paid participating interest in the Company’s Asmara Project in Eritrea.  Continue reading Eritrea to Buy 30% Interest of Sunridge’s Asmara Project

Sunridge Gold Engages Financial Advisory Firm ‘Endeavour’

Sunridge Gold, the next Nevsun, has reached a stage to decide on how to proceed towards mining

Marketwire,

Sunridge Gold announces the engagement of Endeavour Financial International Corporation (“Endeavour”) on an exclusive basis to provide financial advisory services with respect to its debt financing requirements for the development of the Asmara Project, Eritrea.

The feasibility study at Debarwa copper-gold-zinc deposit is now substantially past the halfway point of completion and the prefeasibility study on the Asmara North copper-zinc-gold projects is also well advanced. The Company is therefore now at a point of making some fundamental decisions about how these projects should proceed towards mining. Endeavour’s technical and financial advice on these different development options at this stage will be important to Sunridge. Continue reading Sunridge Gold Engages Financial Advisory Firm ‘Endeavour’

Sunridge Hits 4.56 g/t Gold over 15m at Gupo Gold Deposit in Eritrea

Sunridge Gold will be the next Nevsun

By Greg Klein,

Sunridge Gold Corp TSXV:SGC announced results from the Gupo Gold Deposit of its Asmara Project in Eritrea.

The emerging gold company reported that the 52-hole 4,500 meter drilling program appears to have successfully confirmed and possibly expanded the area of gold mineralization. Continue reading Sunridge Hits 4.56 g/t Gold over 15m at Gupo Gold Deposit in Eritrea

Chalice Gold Mines Raises $9.6m to Fund Gold Exploration in Eritrea

Zara deposit is ready for development - Chalice Gold Mines

proactiveinvestors.com.au

Chalice Gold Mines (ASX: CHN) has raised $9.6 million through a private share placement in order to fund further exploration and development of the company’s projects in Eritrea on the Horn of Africa.

The company has placed 32 million shares at $0.30 and has received strong support from investors. Continue reading Chalice Gold Mines Raises $9.6m to Fund Gold Exploration in Eritrea

Sunridge Gold Intercepts Strong VMS Mineralization at the Asmara Project, Eritrea

Is Sunridge the next Nevsun?

Vancouver, British Columbia

Sunridge Gold Corp. (TSX VENTURE:SGC) is pleased to provide an update on the current drilling program being conducted at the Asmara Project, Eritrea. Two diamond drills have recently completed the first 35 diamond drill holes as part of definition drilling at the high-grade copper-gold-zinc Debarwa VMS (volcanogenic massive sulphide) deposit. Most holes drilled so far have intersected strong VMS-style mineralization from the copper-enriched supergene zone as well as the primary copper and zinc zones. It is expected that assays from this drilling will be received by Sunridge in early February.            Continue reading Sunridge Gold Intercepts Strong VMS Mineralization at the Asmara Project, Eritrea