Business
Newark Gold Project, update
Newark Gold Project, update.
About this update from Sunrise Resources Plc
[{"type":"text","content":"\n \nRNS Number : 5211E Sunrise Resources Plc 19 July 2016 \n\n \n \n \n \n \n SUNRISE RESOURCES PLC\n(the \"Company\")\n \n19 July 2016\nNewark Gold Project \n(Westgold Inc.)\n \nFurther to its announcement of 19 May 2016 Sunrise Resources plc (ticker symbol 'SRES'), the AIM-traded diversified mineral exploration and development company (\"the Company\") advises that it has completed a review of historical exploration carried out at its Newark Gold Project in Nevada by Freeport-McMoRan Gold Co (\"Freeport\") and is pleased to provide the following information:\n \nHIGHLIGHTS:\n \n· Targeting Carlin-style gold mineralisation which includes some of the largest gold deposits in the world.\n \n· Favourably located at intersection of the Alligator Ridge and Battle Mountain-Eureka gold trends.\n \n· Freeport surface sampling returned anomalous gold with high values of Carlin-style geochemical indicator elements arsenic, antimony, thallium and barium.\n \n· A major silicified structure is associated with favourable north-south striking anticline \"trap\".\n \n· 16 reconnaissance holes drilled by Freeport in 1986-87:\n \n· Hole NWK8 intersected 47 m of gold-anomalous jasperoid containing an average 0.14 ppm gold from 75m to the end of hole at 122 m.\n \n· A number of the follow-up holes failed to reach target depth.\n \n· Deeper drilling is required to test the favourable target horizons.\n \n· Company's reconnaissance surface samples confirm prospective geochemistry.\n \nCommenting today, Executive Chairman Patrick Cheetham said: \"This Project contains all of the geochemical and structural ingredients for the occurrence of Carlin-style mineralisation and is a valuable addition to our Westgold precious metal portfolio.\"\nFurther information:\n \n\n\n\n\nSunrise Resources plc\nPatrick Cheetham, Executive Chairman \n\n\nTel:\n\n\n+44 (0)1625 838 884\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNorthland Capital Partners Limited\nNominated Adviser & Broker\nEdward Hutton/David Hignell\nJohn Howes/Rob Rees\n \n\n\nTel:\n\...