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 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 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→