Sunrise Diamonds PLC
09 June 2005
June 9, 2005
SUNRISE DIAMONDS UP AND RUNNING
• Exploration Work Started In First Week following AIM Admission
• Initial Drilling Will Be On Priority Targets And Continue Through Autumn
• New Application Lodged for Further Prospective Ground
Sunrise Diamonds plc, ('Sunrise Diamonds' or 'the Company') announces that
following its placing and AIM admission earlier this week exploration work has
begun on kimberlite targets in the area of the Kuusamo kimberlite cluster in
northern Finland.
Processing of surface and basal till samples has commenced with the objective of
recovering diamond indicator minerals. This work will help prioritise magnetic
targets for follow-up drilling. For certain magnetic targets, where ground
conditions precluded till sampling, ground geophysics is now in progress to
enable drill-holes to be accurately sited.
Drilling of priority targets will start by mid-July and is expected to continue
throughout the summer and autumn.
The Company is working to generate additional kimberlite targets and has made
application for an exclusive claim reservation in a separate area of Finland
close to the diamondiferous Kaavi-Kuopio kimberlite cluster where European
Diamonds is currently bulk sampling the Lahtojoki pipe.
'We are delighted to hit the ground running with our exploration programmes
following the successful launch of the Company on AIM this week. We expect to be
reporting results on a regular basis over the summer.' commented Sunrise
Diamonds' chairman Patrick Cheetham today.
Further Information:
Patrick Cheetham, Sunrise Diamonds plc. Tel: +44 (0)1625-505947. Mobile: +44 (0)
7767-458751
www.sunrisediamonds.com
John Greenhalgh/Ron Marshman, City of London PR Ltd. Tel: +44 ( 0)20-7628-5518
This information is provided by RNS
The company news service from the London Stock Exchange