released o/n from sgc - went up a tad.Important is the meeting...

released o/n from sgc - went up a tad.
Important is the meeting with the min of mines.


finch

Source CCNMatthews
Date 07/19/2006
Time 05:01:58 AM
Company SUNRIDGE GOLD CORP.
Title Sunridge Gold Corp.: Drill Results from Adi Nefas, Asmara Project, Eritrea





DMIS Processed No CDNX Symbol: SGC
Exchange: TSX VENTURE Symbol: SGC
Exchange: Symbol:
Exchange: Symbol:








Press Release




NEWS RELEASE TRANSMITTED BY CCNMATTHEWS


FOR: Sunridge Gold Corp.

TSX VENTURE SYMBOL: SGC

July 19, 2006

Sunridge Gold Corp.: Drill Results from Adi Nefas, Asmara Project, Eritrea


VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 19, 2006) - Sunridge Gold
Corp. (TSX VENTURE:SGC) reports assay results from an additional 20 diamond
drill holes, NG-063D to NG-082-D, from the Adi Nefas high-grade
zinc-copper-gold volcanogenic massive sulphide (VMS) deposit, part of the
Asmara Project Eritrea. These results are from the ongoing in-fill drill
program and confirm continuity of the mineralized zone in the near surface gold
and underlying copper enriched zones as well as the deeper high-grade zinc
mineralization to a vertical depth of 300 metres.

HIGHLIGHTS:

- NG-067-D - 6.18 metres of 7.73% zinc, 1.03% copper & 2.91 g/t gold

- NG-069-D - 3.13 metres of 19.77% zinc, 2.06% copper & 3.39 g/t gold

- NG-070-D - 11.28 metres of 10.61% zinc, 1.17% copper and 1.57 g/t gold

- NG-071-D - 4.35 metres at 11.80% zinc and 1.08% copper

- NG-076-D - 22.50 metres of 1.77% copper and 2.89 g/t gold

The Adi Nefas mineralized structure has now been drilled over a strike length
of 400 metres, to a vertical depth from surface of approximately 300 metres.
The width of the structure varies from about 3 to 12 metres but true width
averages between 7 and 8 metres. Further areas of mineralization remain to be
drill tested along strike and down dip. The 2005-2006 drill program confirms
that three distinct zones of mineralization exist at Adi Nefas; a near-surface
gold oxide zone underlain by a copper supergene zone and in turn underlain by a
high-grade primary zinc-rich zone. The attached map (scroll down to the end of
the news release to view a drill plan map and cross section) 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.

ASSAY RESULTS FROM ZINC-RICH PRIMARY ZONE:

/T/

---------------------------------------------------------------------
Diamond Gold Silver Copper Zinc
Drill From To Length (Au) (Ag) (Cu) (Zn)
hole # metres metres metres g/t g/t % % Zone
---------------------------------------------------------------------
NG-065-D 294.50 299.00 4.50 0.06 5.13 0.07 1.90 P
---------------------------------------------------------------------
NG-066-D 273.75 283.20 9.45 0.64 31.03 0.17 3.25 P
---------------------------------------------------------------------
NG-067-D 244.40 250.58 6.18 2.91 70.70 1.03 7.73 P
---------------------------------------------------------------------
NG-069-D 201.30 213.50 12.20 1.00 36.76 0.62 5.91 P
Incl. 207.15 210.28 3.13 3.39 118.31 2.06 19.77 P
---------------------------------------------------------------------
NG-070-D 230.12 241.40 11.28 1.57 58.58 1.17 10.61 P
Incl. 230.12 233.69 3.57 3.96 161.23 3.51 29.76 P
---------------------------------------------------------------------
NG-071-D 229.70 240.30 10.60 0.34 46.37 0.52 5.52 P
Incl. 234.45 238.80 4.35 0.59 91.90 1.08 11.80 P
---------------------------------------------------------------------
NG-082 112.20 120.00 7.80 0.99 55.91 0.41 5.80 P
---------------------------------------------------------------------

/T/

Drill holes NG-063-D, NG-064-D and NG-068-D did not intersect any significant
mineralization.

Note: The current market value of zinc is approximately US$1.50 per pound and
copper US$3.50 per pound. A metric tonne is 1,000 kilograms and there are
approximately 2.205 pounds in each kilogram. To illustrate the potential value
of the mineralization at Adi Nefas; in the primary zone of mineralization
values per metric tonne are frequently between 5 to 10% zinc and 1 to 2%
copper. Taking the example of 5% zinc and 1% copper this means that a metric
tonne of mineralized rock would contain 50 kilograms (or 110.25 pounds) of zinc
and 10 kilograms (or 22.05 pounds) of copper.

ASSAY RESULTS FROM NEAR SURFACE GOLD OXIDE ZONE & COPPER SUPERGENE ZONE

/T/

---------------------------------------------------------------------
Diamond Gold Silver Copper Zinc
Drill From To Length (Au) (Ag) (Cu) (Zn)
hole # metres metres metres g/t g/t % % Zone
---------------------------------------------------------------------
NG-073-D 35.50 42.55 7.05 4.15 103.13 3.36 2.09 O/S
---------------------------------------------------------------------
NG-074-D 34.00 35.50 1.50 6.80 857.00 0.02 0.02 O
---------------------------------------------------------------------
NG-076-D 43.50 66.00 22.50 2.90 96.83 1.78 0.80 O/S
---------------------------------------------------------------------
NG-077-D 31.50 47.50 16.00 0.92 40.25 0.07 0.03 O
---------------------------------------------------------------------
NG-078-D 38.50 50.00 11.50 2.46 42.24 1.10 0.74 O
---------------------------------------------------------------------
NG-079-D 34.00 67.00 33.00 0.82 9.42 0.16 0.87 O
---------------------------------------------------------------------
NG-080-D 55.00 59.50 4.50 0.01 5.00 0.14 2.43 O
---------------------------------------------------------------------
NG-081-D 19.00 26.00 7.00 7.30 29.43 0.03 0.02 O
---------------------------------------------------------------------

/T/

Drill hole NG-072-D was drilled to test an off-hole pulse EM anomaly and
returned no significant results. NG-075-D and NG-078-D did not intersect any
significant mineralization.

Scoping study update:

The in-fill drill program is continuing at both Adi Nefas and Debarwa in order
to provide closely spaced drill data for the scoping studies. These studies
commenced in mid-March and are scheduled for completion by late October 2006.
The purpose of these scoping studies is to provide management of Sunridge Gold
with sufficient technical information to make a preliminary economic assessment
in order to make a decision to complete full feasibility studies. During a
recent trip (late June 2006) to Eritrea, President and CEO Michael Hopley was
accompanied by a team of engineers where they evaluated possible sites at
Debarwa and Adi Nefas for ore treatment facilities, tailings dams, waste dumps
as well the availability of water and electrical power supplies. The trip
included a very positive meeting with the Department of Mines to discuss
completion of the scoping studies and fast tracking all work to final
feasibility and production.

Notes:

1. Drill intercept lengths only are reported in the tabulations; it is
estimated that true width will be approximately 80% of the reported drill
intercept length.

2. Zones of mineralization in the tabulations are as follows: O equals Oxide, S
equals Supergene, P equals Primary zones of mineralization

3. A Quality Assurance/Quality Control program is part of the drilling program
on the Asmara Project. This program includes chain of custody protocol as well
as systematic submittals of standards, duplicates and blank samples into the
flow of samples produced by the drilling.

4. 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.

5. Samples are prepared at African Horn Testing Services (Eritrea) and analyzed
at Genalysis Laboratories (a NATA registered laboratory) in Perth Western
Australia.

6. 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 33.3 million shares outstanding 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.

SUNRIDGE GOLD CORP.

Michael Hopley, President and Chief Executive Officer

To view the maps accompanying this press release please click on the following
links:

http://www.ccnmatthews.com/docs/SGCa.pdf

http://www.ccnmatthews.com/docs/SGCb.pdf

- 30 -

FOR FURTHER INFORMATION PLEASE CONTACT:

Sunridge Gold Corp.
Don Halliday
Direct: (604) 899-1505
[email protected]
www.sunridgegold.com

The TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this release.

INDUSTRY: Manufacturing and Production - Mining and Metals
SUBJECT: DRM - MINING DRILLING RESULTS