Sunridge Gold Corp (SGC-TSX-V)
is a mineral exploration and development company focused on the acquisition, exploration, discovery and development of base and precious metal deposits on the Arabian-Nubian shield in East Africa.
The Company has been exploring the Asmara Project in Eritrea for 8 years and has successfully identified four deposits; Emba Derho, Adi Nefas, Debarwa and Gupo Gold. These contain M&I Resources of:
- 1.3 billion pounds of copper
- 2.6 billion pounds of zinc
- 930,000 ounces of gold
- 28 million ounces of silver
A Feasibility Study is scheduled for completion in Q2 2013 on all four deposits. This is a continuation from the Prefeasibility Study completed in May 2012 which showed strong economics with a NPV of $555 million and IRR of 27%. ...More