++ sunridge getting busy at asmara Press Release
NEWS RELEASE TRANSMITTED BY CCNMatthews[IMAGE]FOR: Sunridge Gold Corp.TSX
VENTURE SYMBOL: SGC
November 15, 2005 Sunridge Gold Announces the Commencement of a Conceptual
Mine
Plan for Debarwa
VMS Main ZoneVANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 15, 2005) -
Sunridge Gold
Corp. (TSX VENTURE:SGC) -
FOUR DRILL RIGS NOW OPERATING AT ASMARA PROJECT
Sunridge Gold Corp. ("Sunridge") announces that it has commenced a
conceptual
mining study at the Debarwa VMS Main Zone and that all four contracted rigs
are
now operating at the Asmara Project, Eritrea.
Conceptual Mine Plan:
Sunridge has selected Beacon Hill Consultants 1988 Ltd. ("Beacon Hill") to
complete a Conceptual Mining Plan for the high-grade copper and gold Debarwa
Project, part of the Asmara Project, Eritrea. Beacon Hill is a Vancouver
based
consulting company with 20 years experience in the industry that has
previously
conducted similar studies for many companies and has also completed studies
for
such companies as Barrick Chile Ltda. and Teck Corporation. Work has already
commenced on the study which is scheduled to be completed by February 2006.
The
conceptual mine study will examine many aspects of the Debarwa Project
including the geological model and resources, conceptual engineering and
mine
plan, metallurgy and mineral processing options, capital and operating
costs,
financial analysis as well as environmental baseline data collection. Beacon
Hill will also evaluate the possibility of fast-tracking Debarwa into
production to benefit from the rise in commodity prices, the exceptionally
high-grades and the excellent infrastructure at the Asmara Project. The
Debarwa
Project has a paved road and power lines that link the project to the
capital
city of Asmara 30 kilometres to the north.
The Beacon Hill study will focus on two areas known as Debarwa Main, which
has
been drilled to 20 metre centres over a strike length of 250 metres, and
Debarwa South on which Sunridge and joint-venture partner Sub-Sahara
Resources
NL completed over 14,000 meters of detailed definition drilling in 2004.
Management of Sunridge believes that the size of the Debarwa Deposit can be
significantly expanded particularly along strike to the north and south and
down dip.
25,000 Metre Drill Program:
Sunridge has contracted four drill rigs to complete a 25,000 metre drill
program over the next several months. Two drill rigs are operating at the
Debarwa high-grade copper-gold volcanogenic massive sulphide (VMS) area and
two
are operating at the Adi Nefas high-grade zinc-copper-gold VMS.
The Debarwa Main Zone will be the immediate focus of the conceptual mine
plan
due to its exceptionally high-grades and the current commodity prices (See
slide show at www.sunridgegold.com site for a selection of assays). The
purpose
of this drill program is to test the potential strike extensions of the main
zone to the north for 200 metres, to the south for 700 metres and to depth.
In
addition, several other gravity anomalies in close proximity to Debarwa Main
Zone will be tested. A minimum of 5,000 metres is budgeted for these areas
with
the objective of expanding the current zone of mineralization and testing
the
anomalies for new discovery potential.
Drilling this year at Adi Nefas has outlined a zone of high-grade
mineralization over approximately 350 metres of strike length and to 225
metres
in depth. Two drill rigs are working at Adi Nefas to test the potential
strike
extensions for one kilometer to the south, 700 metres to the north and to
depth.
As part of this exploration/development program several other targets will
be
tested including the high priority Emba Derho and Kodado VMS targets where
gossans are exposed over 700 metres in length at surface. Outcropping
gossans
have been the key indicator for VMS discoveries in Eritrea such as Debarwa,
Adi
Nefas and Nevsun's Bisha Project.
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 is continuing to be the sole
financial
contributor to the JV to earn a 70% interest. The Company has 28.4 million
shares outstanding, $5.0 million in cash and trades on the TSX Venture
Exchange
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.
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