Business
Long Lake Option
Long Lake Option.
About this update from Sunrise Resources Plc
[{"type":"text","content":"\n \nRNS Number : 4856F Sunrise Resources Plc 27 April 2011 \n \n\n SUNRISE RESOURCES PLC\n27 April 2011\n \nLong Lake Gold Project, 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 given notice to extend its Option Agreement over the Long Lake Gold Project, Canada for a second year commencing 4 May 2011.\n \nPayment of Canadian $50,000 is being made to the property owner, Gordon Salo and 2,500,000 Share Warrants will be issued to Mr. Salo under the terms of the Option Agreement as set out in the News Release dated 5 May 2010. The Company has already carried out sufficient exploration on the project to satisfy its expenditure obligations under the Option Agreement for the next 12 months.\n \nThe Company is currently negotiating a drill contract for a further round of diamond drilling at the project to start as soon as possible. A further announcement will be made when a start date is agreed.\n \nFurther information:\n \nSunrise Resources plc Tel: +44 (0)845 868 4590\nPatrick Cheetham, Executive Chairman Mob. +44 (0)7767 458751\nwww.sunriseresourcesplc.com\n \nNorthland Capital Partners Limited Tel: +44 (0)20 7796 8800\nGavin Burnell / Rod Venables (Nominated Adviser)\nCharles V...