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The Asmara Project covers 925 square kilometres in central Eritrea, located immediately to the north, south and west of the capital city of Asmara. The infrastructure is excellent with roads, power, water and airports servicing the project area. Within the Asmara Project there are four deposits with NI-43-101 independently estimated resources, the 50 million tonne Emba Derho VMS copper-zinc-gold depsoit,two advanced high-grade gold, copper, zinc, and silver (VMS) Deposits, Debarwa and Adi Nefas and one gold deposit, named Gupo. In addition, there are several high priority VMS drill targets.
Sunridge Gold has earned 100% of the project. The Eritrean government has a 10% free carried interest.
Sunridge has drilled over 130,000 metres on the Asmara project. An independent economic assessment study is underway on the Emba Derho Deposit and is scheduled for completion by September 2008.
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