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Sunridge Gold Corp. announced that it has received a new independent resource estimate for the Adi Nefas zinc-gold-copper volcanogenic-massive-sulphide (VMS) deposit on the Company's 100% owned Asmara Project, Eritrea.
This new resource was completed by Snowden Mining Industry Consultants Inc. as part of its ongoing prefeasibility study on the Asmara North Deposits which include the Emba Derho copper-zinc-gold deposit, the Adi Nefas zinc-copper-gold VMS deposit, the Debarwa copper-gold VMS deposit, and the Gupo gold deposit. Adi Nefas is located only six kilometres from the 70 million tonne Emba Derho Deposit. The prefeasibility study is being conducted by Snowden and GBM Minerals Engineering Consultants Ltd. and is scheduled for completion in April 2012. Highlights: • Indicated resources in the primary zone are 1.8 million tonnes averaging 10.05% zinc, 3.31 g/t gold, 1.78% copper and 115g/t silver • Total contained metals in the Indicated categories at Adi Nefas are estimated as: ◦408.0 million pounds of zinc - 72.2 million pounds of copper
- 196,000 ounces of gold
- 6.81 million ounces of silver.
Sunridge President and CEO Michael Hopley says, "The average grade of all metals in the Adi Nefas deposit has significantly increased in this new resource estimate compared to the previous estimate in 2008.This high-grade material should enhance the economics of the Asmara Project when this material is mined and blended as a high-grade feed to a central North Asmara processing plant in conjunction with the nearby Emba Derho deposit as well as the sulphide material from the Debarwa deposit. We expect that most of these resources will be converted to reserves with the completion of the pre-feasibility study in April." More information, click here. |
