| Thu Feb 25, 2010 Sunridge Gold Expands Mineralization At The Debarwa Deposit, Asmara Project, Eritrea | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sunridge Gold Corp. (SGC/TSX.V) is pleased to report that results from the recently completed thirty-five drill holes at the 100% Sunridge owned Debarwa copper-gold-zinc volcanogenic massive sulphide (VMS) project has expanded the envelope of mineralization both down dip and along strike to the south. Additionally, a new eastern limb to the Debarwa deposit has been discovered and the drilling has demonstrated that the Debarwa deposit remains open in several areas. Debarwa Highlights:
DEBD-092: 36.75 metres grading 4.82% copper and 1.12 g/t gold, including 15.67 metres grading 10.21% copper and 2.01 g/t gold* DEBD-093: 24.00 metres grading 1.13% copper* DEBD-094: 26.15 metres grading 3.77% copper including 14.15 metres grading 6.26% copper* DEBD-095: 7.62 metres grading 4.62% copper* DEBD-111: 4 metres grading 1.09% copper, 9.33% zinc and 2.72 g/t gold DEBD-112: 11.16 metres grading 1.15% copper, 2.82% zinc and 2.48 g/t gold. DEBD-113: 6.7 metres grading 13.42% copper, 2.63 g/t gold, and 49.21 g/t silver. DEBD-114: 9.40 metres grading 2.11% copper, 1.91 g/t gold, and 142.77 g/t silver. DEBD-121: 7.50 metres grading 3.33% copper. *Results previously released in NR 2009-12 on December 2, 2009 Michael Hopley, President and CEO of Sunridge comments that "The drilling results from Debarwa are very encouraging and they will undoubtedly increase the existing resources which should have a very positive influence on the scoping study that we plan to start next month". A summary of significant assay results are as follows and see attached map for location:
* previously reported results -- see news release dated December 2, 2009 In the existing resource at Debarwa the copper supergene zone has an average grade of 5.36% copper using a 1% copper cut-off, and is estimated to contain 158 million pounds of copper in the Indicated category. The primary zone at Debarwa has not had significant delineation drilling in previous programs and is open for expansion at depth and along strike. The primary zone has an average grade of 2.53% copper with 3.23% zinc in the Indicated category using a 1% copper cut-off. (see the resource statement below). DAERO PAULUS UPDATE: The drill program at Daero Paulus copper target funded by Antofagasta Minerals S.A. is continuing and the current phase is expected to be completed in a few weeks. To date, approximately 2,000 metres in 6 drill holes have been completed and results are expected in 6 weeks. NOTES:
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 $6.5 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. SUNRIDGE GOLD CORP. "Michael Hopley" Michael Hopley, President and Chief Executive Officer For further information contact: Don Halliday, Executive Vice President Email: donh@sunridgegold.com Tel: 604-899-1505 (direct) Greg Davis, VP Business Development Email: greg@sunridgegold.com Tel: 604-688-1263 (direct) Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains forward-looking statements about the Company and its business. Forward looking statements are statements that are not historical facts and include resource estimates. The forward-looking statements in this press release are subject to various risks, uncertainties and other factors that could cause the Company's actual results or achievements to differ materially from those expressed in or implied by forward looking statements. These risks, uncertainties and other factors include, without limitation risks related to fluctuations in gold prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; uncertainties involved in the interpretation of drilling results and other tests and the estimation of gold resources; the possibility that required permits may not be obtained on a timely manner or at all; the possibility that capital and operating costs may be higher than currently estimated and may preclude commercial development or render operations uneconomic; the possibility that the estimated recovery rates may not be achieved; risk of accidents, equipment breakdowns and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; and other factors identified in the Company's filings with Canadian securities regulatory authorities. Forward-looking statements are based on the beliefs, opinions and expectations of the Company's management at the time they are made, and other than as required by applicable securities laws, the Company does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances, should change. See the Technical Report titled Debarwa Project, Eritrea, Mineral Resource Estimate prepared by MSA Geoservices (Pty) Ltd. filed on SEDAR on March 4, 2008. The January 21, 2008 MSA resource estimates for Debarwa are summarized as follows:
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