VANCOUVER, BRITISH COLUMBIA, Jul 29, 2010 (MARKETWIRE via COMTEX) — Sunridge Gold Corp. /quotes/comstock/11v!sgc (CA:SGC 0.44, +0.04, +8.64%) ("Sunridge") is pleased to report important new gold and copper assay results from the Company's phase one diamond drill program at the Adi Rassi copper-gold prospect, part of the Asmara Project in Eritrea. These results indicate that a potentially large new copper and gold zone has been discovered at Adi Rassi. These assay results, combined with recently re-assayed core, now show a drilled strike length of over 500 metres (to view maps and cross-section please click on the following link: http://media3.marketwire.com/docs/SGC0729.pdf).
These results from ongoing exploration programs further demonstrate that the Asmara Project remains wide open for additional discoveries. There are still many untested anomalies and drill targets within the Asmara Project.
Drill Highlights include:
-- AR-002D: 84 metres grading 1.32 g/t gold and 0.84% copper -- AR-003D: 25 metres grading 0.75 g/t gold and 0.54% copper -- AR-004D: 78 metres grading 0.22 g/t gold and 1.0% copper
Sunridge conducted the 5 hole diamond drill program totaling 1,243 metres on behalf of the Sunridge Gold/Antofagasta Minerals joint venture. Based on recent detailed geological mapping, sampling and drilling results, Adi Rassi is now considered to be a potentially large and continuous zone containing significant gold and copper mineralization. Geological mapping and sampling shows that alteration associated with copper mineralization is visible over a zone that measures about 80 metres wide along a strike length of approximately 500 metres. Copper and gold mineralization at Adi Rassi is associated with quartz veins and breccia zones along a major shear zone that trends northeast for over 3 kilometres and dips steeply to the west. This mineralization is mainly hosted in strongly foliated and distorted altered mafic volcanic tuff and flows.
A full summary of the results of the Sunridge/Antofagasta drilling is as follows:
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From To Interval Gold Copper
Drill hole Dip/Azi metres metres metres g/t %
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AR-001-D -50/270 Abandoned
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AR-002-D - 60/270 127 337 210 0.84 0.49
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incl 238 322 84 1.32 0.84
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incl 298 321 23 1.95 1.39
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AR-003-D - 50/270 173 196 23 0.33 0.41
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and 237 262 25 0.75 0.54
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AR-004-D - 55/90 35 113 78 0.22 1.00
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AR-005-D -70/90 No significant results
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Drill hole AR-001-D was abandoned and not sampled or assayed. Drill hole AR-005-D did not penetrate the mineralized zone. True widths are not known at this time as there is not enough drill hole data.
Several drill holes were completed at Adi Rassi by Golden Star Resources in 1996 but only short select intervals of the core had previously been sampled and assayed. Sunridge has re-sampled and assayed long continuous zones of mineralization from the Golden Star core returning wide intervals of copper and gold mineralization – see Sunridge News Release dated July 6, 2010.
Highlights from the re-assayed drill core from Adi Rassi include:
-- ARBH-1: 20 metres grading 0.09 g/t gold and 0.90% copper -- ARBH-2: 24 metres grading 1.43 g/t gold and 1.34% copper -- ARBH-3: 52 metres grading 0.97 g/t gold and 0.62% copper -- ARBH-4: 14 metres grading 0.13 g/t gold and 1.06% copper
The Adi Rassi gold/copper prospect is within the Exploration Area and is part of the exploration funding agreement with Antofagasta Minerals announced October 2, 2009. The project is located about 8 kilometres southeast of Sunridge's 100% owned Debarwa high-grade copper/gold VMS deposit which is outside of the Exploration Area.
ABOUT SUNRIDGE:
Sunridge is a mineral exploration and development company focused on the acquisition, exploration, discovery and development of base and precious metal projects on the Asmara Project in Eritrea and exploration properties in Madagascar. Sunridge has approximately 76 million shares outstanding and approximately $4.5 million in cash. Sunridge 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 or Greg Davis at the numbers listed below.
NOTES:
1. A Quality Assurance/Quality Control program was part of the sampling
program on the Adi Rassi copper-gold prospect. This program includes
chain of custody protocols as well as systematic submittals of
standards, duplicates and blank samples into the flow of samples
produced by the sampling.
2. Samples were prepared at African Horn Testing Services (Eritrea) and
analyzed at Genalysis Laboratories (a NATA registered laboratory) in
Perth, Western Australia.
3. The results of the Adi Rassi copper-gold prospect drilling program have
been reviewed by Michael J. Hopley the Qualified Person for Sunridge.
Mr. Hopley is also the person responsible for preparation of the
technical information contained in this news release and is President
and Chief Executive Officer of Sunridge.
(Market Watch)
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