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Sunrise Resources well-placed for commodity recovery

The focus recently has been on mining hotspot Nevada, USA, where Sunrise has two industrial minerals projects
Signpost for Nevada
The group has two industrial minerals projects in Nevada

Sunrise Resources Plc (LON:SRES) has a spread of diversified mining assets but its first project into production may well be the last it started.

Mining hotspot Nevada, in the US, is the focus with two industrial minerals projects and a handful of precious and base metal prospects.

And it is on the industrial side and building materials in particular where Sunrise is currently making strides.

Pozz a possibility

Sunrise has a licence for the Pozz Ash natural pozzolan project, considered an environmental substitute for cement.

Testing on the pozzolan samples from the CS deposit have indicated it is a high quality natural source of the cement substitute.

Certification testing is now underway with results expected within 45 days.

According to executive chairman Patrick Cheetham the uniform performance of pozzolan samples from across the surface of the deposit is very encouraging.

An added bonus is the possibility that perlite may also be an option.

Perlite is used as an insulator in paint, plaster, concrete fillers and in soil aeration with its main characteristic that it expands hugely when heated.

Other industrial projects include the County Line Diatomite project, also in Nevada, which has just been returned to the company after EP Minerals decided not to take up its option.

For the uninitiated, diatomite is used, among many other things, as a filter in food and drink processing and in landscaping.

Sunrise will look for other ways to commercialise the project following EP’s withdrawal, Cheetham said.

Bay State Silver - an historic mine site

Surface and underground sampling on the Chihuahua vein has demonstrated high silver grades over a strike length of around 500m and confirmed the occurrence of bonanza grades that supported historical production of direct smelter feed grades in the past.

Sunrise has drilled just five holes so far on the Chihuahua vein, of which three have hit high grade silver mineralisation and one has demonstrated continuity of the vein system at a depth of 300m below surface.

"That's an excellent strike rate and we have been successful in predicting the location of the Chihuahua Vein in all but one hole," Cheetham added.

Sunrise is seeking a partner for delineation drilling and is  targeting a minimum 10mln ounce silver reserve.

Also in Nevada....

The firm's Garfield project offers, where it is planning to continue trenching, potential for a large but low grade copper discovery and the firm is looking to farm it out.

At the Junction gold site, discovered by Sunrise itself, the firm plans to define targets to determine its potential.

Sunrise has also incorporated a new subsidiary,  Westgold Inc, specifically to stake projects in the Western US that have lapsed in recent years.

The idea is to generate gold and silver opportunities, which can be leased out, sold or joint ventured.

One is the Newark gold project, historically drilled by titan Freeport-McMoRan, which is targeting sediment hosted "Carlin-style" gold mineralisation. The firm plans a single hole to support data and would then aim to farm out the project.

At the Clayton silver-gold site, it plans to get together all the  historical data and produce  a model to carry out further exploration. Meanwhile, the Stonewall gold-silver site consists of 15 claims over an epithermal system.

What's going down, downunder...?

Sunrise is also looking to complete further low cost exploration at the Cue diamond project with a view to a farm out to diamond explorer, while the Baker's gold project is drill ready, says Sunrise.

And on the Emerald Isle...

Sunrise has the prospecting licence for the Derryginagh barite project (used in paint and in oil industry drilling) and works has included drilling and testing.


--update for Pozz Ash news --


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