Business
Derryginagh Drill Update
Derryginagh Drill Update.
About this update from Sunrise Resources Plc
[{"type":"text","content":"\n \nRNS Number : 1997M Sunrise Resources Plc 11 August 2011 \n \n\n \n \n11 August 2011\n \n \nDRILLING UPDATE - DERRYGINAGH BARITE PROJECT\n \nSunrise Resources plc (\"the Company\"), the AIM-quoted diversified mineral exploration and development specialist, wishes to advise that drilling progress at its Derryginagh Barite Project in south-west Ireland has been unacceptably slow and that, consequently, it has today terminated the current drilling contract.\n \nDetails of the programme were advised in a news release dated 6 July when drilling commenced. The Company hopes to secure an alternative contractor shortly to complete the drilling and will make a further announcement when drilling is scheduled to recommence. The Board of the Company strives to manage costs very carefully and whilst there will be a few weeks delay to the programme the cost implications of this are nominal.\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 Capital Partners Limited Tel: +44 (0)20 7796 8800\nGavin Burnell / Rod Venables\nCharles Vaughan (Sales)\n \nYellow Jersey PR Limited Mobile: +44 (0)7768 537 739\nDominic Barretto &...