VANCOUVER, BRITISH COLUMBIA is pleased to announce new drilling
results from the northwest extension zone of the Emba Derho
zinc-copper-gold deposit. The results from 11 new drill holes have
confirmed the extension of this zone by at least 400 metres beyond
the current NI 43-101 indicated resource. These intercepts
therefore have the potential to add significant tonnage and
possibly boost the average grade of the initial Emba Derho NI
43-101 resource estimate announced on December 4, 2007. These
results will be included in an updated resource calculation to be
completed by Wardrop Engineering Inc. as part of a Preliminary
Assessment study (scoping study).
"The expansion drilling at Emba Derho has consistently
encountered broad intercepts of higher grade copper mineralization
outside of the current defined resource," says Sunridge Gold
President and C.E.O Michael Hopley. "In light of the current price
of copper, this could significantly enhance the size and economics
of the deposit."
The current estimated combined Indicated resources at Emba Derho
contain 1.7 billion pounds of zinc, 735 million pounds of copper,
402,000 ounces of gold and 15 million ounces of silver, as reported
in Sunridge Gold's news release NR2007-16 dated December 4, 2007
(see Note 1 below for summary of Indicated Resources at Emba
Derho). The Emba Derho Deposit is one of four deposits delineated
to date on the 100% owned Asmara Project, Eritrea. Two drills
continue to operate on the Asmara Project focusing on delineating
the oxide gold cap at Emba Derho.
Drill highlights:
ED-192-D: 32.55 metres grading 1.55% Cu and 1.20% Zn
ED-196-D: 60.03 metres grading 1.36% Cu and 1.30% Zn
ED-197-D: 29.12 metres grading 2.37% Cu and 1.70% Zn
ED-198-D: 22.42 metres grading 0.53% Cu and 3.00% Zn
ED-200-D: 30.02 metres grading 1.45% Cu and 1.10% Zn
ED-201-D: 21.39 metres grading 4.68% Cu and 1.30% Zn
Geophysical surveys and geological mapping have identified the
Northwest extension zone over a distance of approximately 1
kilometre.
In addition, drill holes ED-192-D: 1.30 metres grading 15.20 g/t
Au, ED-198-D: 1.1 metres grading 15.66 g/t Au and ED-200-D: 1.50
metres grading 12.95 g/t Au have intersected a high-grade
remobilized gold zone over approximately a 200 metre strike length
which could add additional value to the northwest extension
zone.
Highlights of new Northeast extension zone drill results:
---------------------------------------------------------------------------
Inter-
Drill From To val Gold Silver Copper Zinc Mineralized
hole ID metres Metres Metres g/t g/t % % zone
---------------------------------------------------------------------------
ED-191-D 326.07 330.08 4.01 0.07 7.23 1.64 0.04 Primary Copper
---------------------------------------------------------------------------
And 341.40 348.00 6.60 0.11 7.07 1.90 0.07 Primary Copper
---------------------------------------------------------------------------
ED-192-D 237.95 254.00 16.85 0.20 16.93 2.29 0.75 Primary Copper
---------------------------------------------------------------------------
And 270.05 302.60 32.55 0.92 25.86 1.55 1.20 Primary Copper
---------------------------------------------------------------------------
including 301.30 302.60 1.30 15.20 218.00 0.25 0.16 Remobilized gold
---------------------------------------------------------------------------
And 303.95 332.30 28.35 0.24 14.30 0.19 2.87 Primary Zinc
---------------------------------------------------------------------------
And 415.00 429.00 14.00 0.12 8.29 1.33 0.69 Primary Zinc
---------------------------------------------------------------------------
ED-195-D 256.00 271.16 15.16 0.13 14.46 1.34 0.58 Primary Copper
---------------------------------------------------------------------------
And 295.20 310.83 15.63 0.13 14.81 1.93 0.42 Primary Copper
---------------------------------------------------------------------------
And 317.50 355.30 37.80 0.32 15.83 0.63 2.00 Primary Zinc
---------------------------------------------------------------------------
ED-196-D 273.50 333.53 60.03 0.21 13.13 1.36 1.30 Primary Copper
---------------------------------------------------------------------------
Including 273.50 295.45 21.95 0.19 12.39 2.69 0.84 Primary Copper
---------------------------------------------------------------------------
and 381.00 436.00 55.00 0.25 12.13 0.73 1.42 Primary Zinc
---------------------------------------------------------------------------
Including 386.00 406.65 20.65 0.45 18.24 0.62 2.33 Primary Zinc
---------------------------------------------------------------------------
ED-197-D 273.60 286.60 13.00 0.24 15.74 0.59 3.47 Primary Zinc
---------------------------------------------------------------------------
And 358.00 387.12 29.12 0.15 17.43 2.37 1.70 Primary Zinc
---------------------------------------------------------------------------
ED-198-D 232.43 246.93 14.5 0.10 11.44 0.45 1.65 Primary Zinc
---------------------------------------------------------------------------
And 367.76 390.18 22.42 0.83 24.15 0.53 3.00 Primary Zinc
---------------------------------------------------------------------------
And 434.6 435.7 1.1 15.66 105 0.23 0.1 Remobilized Gold
---------------------------------------------------------------------------
ED-199-D 306.1 352.44 46.34 0.47 12.69 0.19 1.39 Primary Zinc
---------------------------------------------------------------------------
And 406.11 423.53 17.42 0.65 31.15 0.62 2.58 Primary Zinc
---------------------------------------------------------------------------
ED-200-D 284.54 314.56 30.02 0.12 9.08 1.45 1.10 Primary Copper
---------------------------------------------------------------------------
And 379.30 380.80 1.50 12.95 210.00 0.12 0.10 Remobilized gold
---------------------------------------------------------------------------
ED-201-D 299.63 334.98 35.35 0.19 17.07 2.86 1.08 Primary Copper
---------------------------------------------------------------------------
Including 299.63 321.02 21.39 0.29 24.94 4.68 1.30 Primary Copper
---------------------------------------------------------------------------
To view the accompanying map for drill hole locations, please
click on the following link:
http://media3.marketwire.com/docs/sgc_0424_Map.jpg
The reported drill holes have now extended the mineralization at
Emba Derho by approximately 400 metres to the northwest. Drill hole
ED-193-D was not drilled on the North West extension zone but on
the western edge of the Emba Derho mineralized envelope; however it
did not intersect significant mineralization. Drill hole ED-194-D
was drilled on the North West Extension zone but was too shallow to
intersect significant mineralization.
Sunridge Corporate Matters
Due to the fact that Sub-Sahara Resources NL is no longer a
significant shareholder of Sunridge (see NR 2008-10 dated April 2,
2008) Michael Griffiths, Managing Director of Sub-Sahara has
resigned from the Sunridge board of directors. Sunridge would like
to thank Mike for his significant contributions to the Company over
the past 4 1/2 years.
Pursuant to the Company's shareholder approved Stock Option Plan
100,000 incentive stock options have been granted to Stephen Gatley
who joined the Sunridge board in February. These options are
exercisable for up to 5 years at a price of $0.93, which is the
last closing price of the Company's shares prior to the grant date.
The options granted will vest 50% six months from the date of grant
and 50% one year from the date of grant and will be subject to any
applicable regulatory hold periods.
Sunridge Gold Corp. is a mineral exploration company focused on
the acquisition, exploration, discovery and development of precious
and base metal projects. The Company is currently conducting
exploration on the Asmara Joint Venture Project in Eritrea. The
Company has 62.1 million shares outstanding and 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.
Notes:
1. The tabulation below is a summary of Indicated Mineral
Resources at Emba Derho:
------------------------------------------------------------------
Zone Cut-off K-tonnes Zn% Cu% Au g/t Ag g/t
------------------------------------------------------------------
Zn Primary 1.0% Zn 27,895 2.52 0.46 0.36 11.51
------------------------------------------------------------------
Cu Primary 0.5% Cu 21,177 0.36 0.96 0.12 6.74
------------------------------------------------------------------
2. All drill holes reported are diamond drill holes.
3. Drill intercept lengths only are reported in the text and
tabulation; currently there is insufficient information to estimate
true widths.
4. A Quality Assurance/Quality Control program is part of the
drilling program on the Asmara Project. This program includes chain
of custody protocol as well as systematic submittals of standards,
duplicates and blank samples into the flow of samples produced by
the drilling.
5. A description of the geology, sampling procedures, and the
Company's laboratory Quality Assurance/Quality Control procedures
are as described Emba Derho Project, Eritrea - Mineral Resource
Estimate" with an effective date of November 30, 2007 was prepared
by MSA Geoservices (Pty) Ltd. ("MSA") an independent and
internationally operating geological consultancy firm based in
Johannesburg, South Africa. The report dated January 11, 2008 was
prepared on behalf of the Company in accordance with NI 43-101
requirements by Mike Robertson, MSc, Pr. Sci.Nat, MSAIMM and Mike
Hall MAusIMM both of MSA.
6. Samples are prepared at African Horn Testing Services
(Eritrea) and analyzed at Genalysis Laboratories (a NATA registered
laboratory) in Perth Western Australia.
7. The Qualified Person responsible for the release of this
exploration information is Michael Hopley, President and Chief
Executive Officer of Sunridge Gold Corp.
SUNRIDGE GOLD CORP.
Michael Hopley, President and Chief Executive Officer
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Sunridge Gold Corp. Don Halliday Executive Vice
President Direct: (604) 899-1505 Email: odealmeida@sunridgegold.com
Sunridge Gold Corp. Greg Davis VP Business Development Direct:
(604) 688-1263 Email: greg@sunridgegold.com Website:
www.sunridgegold.com
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