Sunridge Gold Corp. has announced assay results from the first sixteen drill holes of the current drilling program at the Gupo Gold Deposit, part of the Asmara Project, Eritrea.
This drill program will consist of about 90 drill holes totaling approximately 7,000 metres. The program is designed to expand and upgrade the current Inferred resource at Gupo to the Measured and Indicated categories as part of the ongoing prefeasibility study on the Asmara North Deposits which include the Emba Derho, Adi Nefas, and Gupo Gold deposits.
Drill Intersection Highlights:
- Drill hole GG-080-R: 27 metres averaging 2.38 g/t gold
- Drill hole GG-086-R: 12 metres averaging 6.56 g/t gold including 4 metres at 18.05 g/t gold
- Drill hole GG-087-R: 14 metres averaging 2.54 g/t gold
- Drill hole GG-088-R: 12 metres averaging 6.36 g/t gold
- Drill hole GG-092-R: 15 metres averaging 2.35 g/t gold
Gold mineralization at Gupo extends over a strike length of approximately 1.6 kilometres and is associated with stockwork quartz veins and a sericite alteration halo controlled by a shear zone 10 to 20 metres in width. The resource is close to surface and drilling has shown mineralization to extend at least to 80 metres vertical depth and remains open at depth.
These latest results mostly confirm the location and grade of gold mineralization either between or as twins to historic drill holes down to depths of approximately 20 to 100 metres deep in the northern part of the Gupo Gold deposit.
Asmara North Prefeasibility Study
The Asmara North Prefeasibility Study is being conducted by Snowden Mining Industry Consultants Inc. and GBM Minerals Engineering Consultants Ltd. and is scheduled for completion in late March, 2012. The study is examining all Asmara North deposits collectively including, the large Emba Derho copper-zinc-gold VMS Deposit, the Adi Nefas zinc-gold-copper VMS Deposit, and the Gupo Gold Deposit.
Source: www.sunridgegold.com