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SUNRIDGE GOLD HIGHLIGHTS
Asmara Project Hosts $8.5bn of in-situ Gold, Copper, Zinc, and Silver – Sunridge Gold has successfully defined four independently estimated 43-101 mineral deposits on the Asmara Project in Eritrea, Africa, with indicated resources of 1.28b Cu lbs, 2.5b zinc lbs, 1.05m gold oz, and 31.2m silver oz.
Advancing 100%-owned Emba Derho and Derbarwa Gold-Copper-Zinc VMS Deposits, the company’s two largest deposits. Emba Derho contains Indicated Resources of 62.5 m/t containing 990m lbs Cu, 1.9 billion lbs Zn, 580,000oz. gold and 20.8m oz Ag. Derbarwa is a Supergene copper zone with 1.3m tonnes of 5.36% Cu, 1.54 g/t Au, and 33.87 g/t Ag – containing 158m pounds of Cu in the Indicated category.
Excellent Infrastructure: Grid Power, Water, Roads and Rail – Emba Derho and Debarwa are located 15 and 25km, respectively, from Asmara, the capital city of Eritrea, where the infrastructure is excellent.
Largest Shareholders: Strategic Partner, Antofagasta Minerals, Lundin Mining – Sunridge has a strategic partnership with London-based mining conglomerate Antofagasta Minerals in which Antofagasta has agreed to fund $10 million in exploration work and has become Sunridge’s largest shareholder.
SGC: Diversified Resource BaseYou need to upgrade your Flash Player -
SUNRIDGE GOLD RECENT DEVELOPMENTS
New Debarwa Resource October 3, 2011 Sunridge Gold announced the filing of a National Instrument 43-101 compliant technical report regarding the new resource estimate for the Debarwa volcanogenic massive sulphide (VMS) deposit. Debarwa is part of the Company’s 100% owned Asmara Project in Eritrea. The resource was completed by AMC Consultants Pty Ltd. as part of the ongoing feasibility study on the Debarwa copper-gold-zinc deposit. The study is being conducted by Senet (Pty) Ltd. and AMC and is scheduled for completion before the end of the year.
Raises stake in Besakoa Project September 19, 2011 Sunridge Gold announced that the initial 5,000 meter diamond drill program on the Besakoa copper/zinc/gold volcanogenic-massive-sulphide (VMS) project in Madagascar is now complete. The emerging gold Company noted that core samples have been shipped to the laboratory and assay results are expected next month.
Hits High Grade at Adi Nefas September 1, 2011 Sunridge Gold reported assay results from the recent drill program at the Adi Nefas zinc-gold-copper deposit. Adi Nefas is located 6 kilometers east of the large Emba Derho Deposit on the Company’s Asmara Project in Eritrea, Africa. The drill program was designed to test for expansion of the deposit to the north and at depth as well as to collect geotechnical and metallurgical samples for the current prefeasibility study on the Asmara North Deposits – which include Emba Derho, Adi Nefas and Gupo Gold.
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SUNRIDGE GOLD SHARE PERFORMANCE
SGC.TSXV HAS DELIVERED
S&P 500Sunridge Gold has vastly outpaced the broader market this year, posting share price gains in excess of 150%.
GoldThe Canadian-based gold explorer has provided investors with substantial gold price leverage in 2010, besting the gains in the gold price by a factor of 5.
GDXYear-to-date Sunridge Gold has significantly outperformed the widely-held large-cap gold stocks ETF.
GDXJSunridge Gold’s year-to-date return is more than four times that of the GDXJ.SGC.TSXV VS BENCHMARKS IN 2010
You need to upgrade your Flash PlayerPremier continues to outperform benchmarks
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SUNRIDGE GOLD IN THE NEWS
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LOCATIED IN TOP MINING JURISDICTION ASMARA, ERITREA
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KEY UPCOMING CATALYSTS
2011
Aggressive Exploration on Multiple High-Grade ProjectsSince acquiring the project in 2003, Sunridge has drilled over 140,000 meters and successfully defined four significant deposits with independently estimated NI43-101 compliant mineral resources.2011 Pre-feasibility Study on Emba Derho A positive Preliminary Economic Assessment Study (PEA) was announced on June 4, 2009 for the largest deposit, the 62 million tonne Emba Derho copper-zinc-gold deposit. Sunridge expects to subsequently deliver a pre-feasibility for the deposit in 2011.
2011 Emba Derho Scoping StudyA scoping study on the Emba Derho copper-zinc-gold VMS Deposit shows strong economic potential with an open pit mining plan.
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