Sunridge Gold Corp.: Drilling Intersects Near Surface High-Grade Gold Zone and Increases Depth of Adi Nefas Deposit, Asmara Project, Eritrea.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Sunridge Gold Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:SGC SGC Server Gated Cryptography SGC StarGate Command SGC South Georgia College (Douglas, GA, USA) sGC Soluble Guanylate Cyclase SGC Superannuation Guarantee Charge (Australian finance) ) reports assay results from 15 diamond drill holes, NG-049-D to NG-063-D, from the Adi Nefas high-grade gold-copper-zinc volcanogenic vol·ca·no·gen·ic adj. Of volcanic origin. massive sulphide sulphide: see sulfide. (VMS (1) (Virtual Memory System) A multiuser, multitasking, virtual memory operating system for the VAX series from Digital. VMS applications run on any VAX from the MicroVAX to the largest unit. See OpenVMS. ) deposit, part of the Asmara Project Eritrea. These results increase the depth by 50 metres, from 250 metres to a vertical depth of 300 metres with high-grade zinc mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. showing strong continuity at depth. In addition, holes NG-055-D, NG-056-D and NG-057-D were the first diamond drill holes to successfully test the near surface gold zone returning significant to high grade gold. Further drilling is planned to delineate the upper oxide gold zone in greater detail. Adi Nefas has now been drilled over a strike length of 400 metres and further areas of mineralization remain to be drill tested along strike and down dip. The 2005-2006 drill program confirms that three distinct high-grade zones exist; a gold oxide zone underlain un·der·lain v. Past participle of underlie. by a copper supergene su·per·gene n. A group of closely linked genes occupying a large chromosomal segment and frequently functioning as a genetic unit. zone underlain by a primary zinc-rich zone. The attached map shows the location of all drill holes to date and the cross-section shows the relationship between some of these holes and the layered nature of the Adi Nefas VMS deposit. HIGHLIGHTS: OXIDE ZONE: NG-055-D - 12 metres grading 4.58 g/t Au & 172.52 g/t Ag NG-056-D - 6.25 metres grading 18.71 g/t Au NG-057-D - 4.50 metres grading 18.33 g/t Au & 196.00 g/t Ag PRIMARY ZONE: NG-050-D - 10 metres grading 1.82 g/t Au and 9.19% Zn NG-052-D - 7.85 metres grading 4.36 g/t Au, 136.73 g/t Ag, 1.25% Cu & 17.70% Zn NG-059-D - 16.95 metres grading 2.31 g/t Au, 128.27 g/t Ag, 2.37% Cu & 5.95% Zn NG-060-D - 7.70 metres grading 2.49 g/t Au, 145.75 g/t Ag, 2.71% Cu & 13.02% Zn NG-062-D - 14.90 metres grading 1.44 g/t Au,72.28 g/t Ag, 1.08% Cu & 9.93% Zn
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Au
Equi-
valent
Sil- Cop- g/t
Diamond Gold ver per Zinc (see
Drill From To Length (Au) (Ag) (Cu) (Zn) Note 1
hole # metres metres metres g/t g/t % % below) Zone
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NG-050-D 264.60 274.60 10.00 1.82 58.45 0.46 9.19 15.15 P
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NG-051-D 219.35 224.85 5.50 3.18 95.07 1.02 7.22 16.32 P
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NG-052-D 277.20 285.05 7.85 4.36 136.73 1.25 17.60 31.36 P
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NG-055-D 33.0 45.0 12.0 4.58 172.52 0.05 0.02 7.16 O
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NG-056-D 30.0 36.25 6.25 18.71 14.17 0.21 0.11 19.69 O
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NG-057-D 53.50 58.00 4.50 18.33 196.00 0.16 0.12 21.69 O+SG
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NG-058-D 317.80 323.55 5.75 5.25 231.47 3.47 14.42 36.44 P
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NG-059-D 244.30 261.25 16.95 2.31 128.27 2.37 5.95 18.48 P
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NG-060-D 320.60 328.30 7.70 2.49 145.75 2.71 13.02 28.48 P
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NG-062-D 360.10 375.00 14.90 1.44 72.28 1.08 9.93 17.73 P
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Drill holes NG-049, 053, 054, 061 and NG-063-D did not intersect any
significant mineralization.
Notes: 1. All assays have been converted to a gold equivalent grade in grams per tonne in order to better clarify the value of these poly-metallic results. Gold equivalent values are calculated on gross metal values not adjusted for metallurgical met·al·lur·gy n. 1. The science that deals with procedures used in extracting metals from their ores, purifying and alloying metals, and creating useful objects from metals. 2. recoveries and based on the following metal values: Gold equals US$500 per ounce, silver equals US$7 per ounce, copper equals US$2.00 per pound and zinc equals US$0.80 per pound. 2. Drill intercept intercept in mathematical terms the points at which a curve cuts the two axes of a graph. lengths only are reported in the tabulations; it is estimated that true width will be approximately 80% of the reported drill intercept length. 3. Zones of mineralization in the tabulations are as follows: O equals Oxide, SGequalsSupergene, PequalsPrimary zones of mineralization 4. A Quality Assurance/Quality Control program is part of the drilling program on the Asmara Project. This program includes chain of custody The movement and location of physical evidence from the time it is obtained until the time it is presented in court. Judges in bench trials and jurors in jury trials are obligated to decide cases on the evidence that is presented to them in court. protocol as well as systematic submittals of standards, duplicates and blank samples into the flow of samples produced by the drilling. 5. A description of the geology, sampling procedures, and the Company's laboratory Quality Assurance/Quality Control procedures are as described in the Company's National Instrument 43-101 Technical Report filed on February 17, 2004 and amended by the Amended Technical Report filed dated April 27, 2004. This report is available at www.sedar.com. 6. Samples are prepared at African Horn Testing Services (Eritrea) and analyzed an·a·lyze tr.v. an·a·lyzed, an·a·lyz·ing, an·a·lyz·es 1. To examine methodically by separating into parts and studying their interrelations. 2. Chemistry To make a chemical analysis of. 3. at Genalysis Laboratories (a NATA NATA National Athletic Trainers' Association NATA National Association of Testing Authorities (Australia) NATA National Air Transportation Association (Alexandria, VA, USA) registered laboratory) in Perth Western Australia Western Australia, state (1991 pop. 1,409,965), 975,920 sq mi (2,527,633 sq km), Australia, comprising the entire western part of the continent. It is bounded on the N, W, and S by the Indian Ocean. Perth is the capital. . 7. The Qualified Person for the release of this exploration information is Michael Hopley, President and Chief Executive Officer of Sunridge Gold Corp. Sunridge Gold Corp. is a mineral exploration company focused on the acquisition, exploration, discovery and development of precious and base metal projects. The Company is currently conducting exploration on the Asmara Joint Venture Project in Eritrea. The Company has 32.2 million shares outstanding and trades on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. under the symbol SGC. For additional information on the Company and its projects please view the slide show on our website at www.sunridgegold.com or call Don Halliday at the number listed below. To view the maps accompanying this press release please click on the following link: http://www.ccnmatthews.com/docs/sgcmap221.pdf SUNRIDGE GOLD CORP. Michael Hopley, President and Chief Executive Officer The TSX Venture Exchange does not accept responsibility for the ad equacy or accuracy of this release. Sunridge Gold Corp. (TSX VENTURE:SGC) |
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