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Eritrea is a country with immense geological potential with several high-grade Volcanogenic massive sulphide (VMS) discoveries being made in the past five years including several within Sunridge Gold's Asmara Project.
The country has been run by a transitional government since independence on May 24, 1993. There are approximately four million people in the country whom depend largely on subsistence agriculture. The mining code is based on the mining code of the Northern Territories of Australia with a royalty of 5% on precious metal, 3% on base metals and tax rate of 35%.
Eritrea has a moderate climate and excellent infrastructure for Sunridge Gold's project with roads, railroads, international airports and a port only four hours away.
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