Business
Encouraging Drill Results
Encouraging Drill Results.
About this update from Sunrise Resources Plc
[{"type":"text","content":"\n RNS Number : 0013A Sunrise Resources Plc 25 January 2011 \n \n\n \n \n \n 25 January 2011\n \nENCOURAGING DRILL RESULTS \nLONG LAKE GOLD PROJECT, SUDBURY, CANADA\n \nSunrise Resources plc (\"Sunrise\" or \"the Company\"), the AIM-quoted diversified mineral exploration and development specialist, is pleased to announce that it has now received assay results from the majority of samples submitted for analysis from the first phase of drilling at its Long Lake Gold Project near Sudbury in Ontario, Canada. Results demonstrate that gold mineralisation extends near surface beyond the pit limits and confirms that mineralisation continues at depth below the mine workings, as predicted.\n \nHighlights:\n \n· Mineralisation intersected at shallow depth outside of existing pit limits.\n \n· Best result of 17.0m grading 2.9g/t gold including 2.3m grading 16.1 g/t gold within a 35m thick interval grading 2.0 g/t gold.\n \n· Grades to 55 g/t gold (1.8 ounces gold per tonne) over narrow intervals.\n \n· Deepest hole intersects mineralised mine sequence in predicted position below the mine workings confirming continuation of the mineralisation at depth.\n \n \nDetails of the drilling programme were set out in news releases dated 11 November 2010 and 22 December 2010. The Company is awaiting the results of surface and down-hole geophysical surveys, also detailed in the previous news releases, which are expected to help the interpretation of the new drill results. The Board expects the geophysical results to be available in early February and has started planning for a second phase of drilling at Long Lake.\n \nOverview of Drill Results\nThe Long Lake Gold Mine historically produced 57,000 ounces of gold from over 200,000 tonnes of ore mined from a 60m diameter open glory-hole. This open pit was developed on a plunging pipe-like zone of disseminated gold and strongly sulphide mineralised quartzite (metamorphosed sandstone) down to a depth of just 55m from surface. \n \nThe mine series quartzite is bounded on three sides by intrusive gabbro and open to the south-east along the strike direction of the sequence. T...