Business
Positive Diamond Results
Positive Diamond Results.
About this update from Sunrise Resources Plc
[{"type":"text","content":"\n \nRNS Number : 7240A Sunrise Resources Plc 25 March 2013 \n \n\n \n25 March 2013\n \nSUNRISE RESOURCES PLC\n(\"Sunrise\" or the \"Company\")\n \nCUE DIAMOND PROJECT\n \nTARGET 5 KIMBERLITE SAMPLE IS DIAMONDIFEROUS\n \nSunrise Resources plc, the AIM-traded diversified mineral exploration and development specialist, is pleased to announce positive diamond results from the recently discovered kimberlite 1float at Target 5 on its wholly owned Cue diamond project in Western Australia.\n \nKey Points:\n \n· Target 5 float sample (46.5kg) returns high microdiamond count (1.27 per kg) \n \n· 71% of microdiamonds are white/colourless and 98% transparent \n \n· Stone size distribution shows potential for larger stones in larger samples \n \n· Follow up work now being planned\n \nThe results being released today are from a 46kg sample collected in early February 2013 as a composite of kimberlite float lying on surface over an area roughly 100m in diameter where the kimberlite float is dense and forms the majority of the surface float material.\n \nCommenting today, Executive Chairman Patrick Cheetham said: \"This is a positive result for the project. The Target 5 kimberlite float is confirmed as diamondiferous; the stone count (stones/kg) is the highest seen so far, and whilst the small size of this first sample does not provide enough stones for a meaningful statistical evaluation of diamond grade, initial modeling suggests that the grade is higher than that of the recent drill samples from the Cue 1 kimberlite and that larger stones could be found.\"\n \n\"The surface float at Target 5 is much more extensively developed than that associated with the Cue 1 and Soapy Bore kimberlites suggesting potential for a larger source kimberlite.\"\n \nFollow up work is now being planned to locate the bedrock source which is thought by the Company to be very local, if not beneath the sampled area.\n \nFurther information:\n \n\n\n\n\nSunrise Resources plc\nPatrick Cheetham, Executive Chairman \n\n\nTel:\n\n\n+44 (0) 845 868 4590\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNorthland Capital Partners Limited\nGavin Burnell / Edward Hutton\nAl...