Business
Derryginagh Barite Drill Start
Derryginagh Barite Drill Start.
About this update from Sunrise Resources Plc
[{"type":"text","content":"\n \nRNS Number : 8205J Sunrise Resources Plc 06 July 2011 \n \n\n \nSUNRISE RESOURCES PLC\n6 July 2011\n \n \nDRILLING PROGRAMME COMMENCED AT DERRYGINAGH BARITE PROJECT\n \nSunrise Resources plc, the AIM-quoted diversified mineral exploration and development specialist, is pleased to announce that, following the completion of a positive concept study for the development of an underground mine, it has now commenced a drilling programme at its Derryginagh Barite Project in south-west Ireland.\n \nEight diamond drill holes have been provisionally planned to test the main vein system over a strike length of 500m and to a depth of up to 150m. The drilling, which is aimed at the definition of a 1JORC Mineral Resource, is expected to last about 6 weeks and results should be available approximately 6 weeks after completion of the drilling.\n \nIn May this year the Company announced that a Concept Study suggested that a profitable operation could be developed for an output of at least 50,000 tonnes per year of barite based on their estimates of mining and processing capital and operating costs and on published barite sales prices.\n \nMetallurgical evaluation is continuing at SGS Mineral Services UK Limited in Cornwall on a large sample of barite collected from a surface trenching programme. This will generate more detailed process plant design data as well as generating further samples for market appraisal.\n \nCommenting on today's news, Patrick Cheetham, Executive Chairman, said: \"With drilling now underway at both Long Lake and Derryginagh it promises to be a highly active summer for the Company and we look forward to the results.\"\n \n \n \nFurther information:\n \nSunrise Resources plc Tel: +44 (0) 845 868 4590\nPatrick Cheetham, Executive Chairman Mobile: +44 (0)7767 458751\n \nNorthland C...