RNS Number : 9228F
Sunrise Resources Plc
03 November 2025
3 November 2025
SUNRISE RESOURCES PLC
("Sunrise" or the "Company")
Garfield Royalty Interest
Sunrise Resources plc notes the announcement made earlier today by Guardian Metal Resources plc ("GMR"), in connection with its Garfield Project in the Walker Lane Mineral Belt, Nevada, USA, where Sunrise holds a 2% Net Smelter Return ("NSR") Royalty.
Under the heading "Garfield Project - Precious Metal Exploration Update" GMR has announced that "Recent surface sampling of epithermal veins across the Power Line zone has revealed further zones of high-grade gold, silver and copper mineralisation".
GMR reports that "Rock chip samples of quartz-barite epithermal veins from the Power Line zone have returned high-grade gold-silver-copper. Highlight individual samples include LCGF42 which returned 18.3 g/t gold (Au) and 43.6 g/t silver (Ag); and LCGF66 which returned 14% copper (Cu) and 145g/t Ag" and that "Outcropping epithermal quartz-barite veins and numerous historical mine workings have now been mapped along a NE-SW trending structure extending for at least 1.2 km".
Commenting today, Executive Chairman Patrick Cheetham said:
"We are pleased to see GMR continuing to advance the Garfield Project. Our 2% Net Smelter Return Royalty area includes the Power Line Zone and half of the High Grade Zone within GMRs broader Garfield Project.
"GMR has an option to buy-in half of the royalty for US$1 million at any time. It is a valuable, cost-free, risk-free and free-carried interest and we look forward to seeing further results from this exciting project."
Further information:
Sunrise Resources plc Patrick Cheetham, Executive Chairman
Tel: +44 (0)1625 838 884
Beaumont Cornish Limited Nominated Adviser James Biddle/Roland Cornish
Tel: +44 (0)207 628 3396
AlbR Capital Limited Broker Lucy Williams/Duncan Vasey
Tel: +44 (0)207 469 0930
About Reach Announcements
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Shares in the Company trade on AIM.
EPIC: "SRES". Website: www.sunriseresourcesplc.com
Background Information
The original discovery of copper mineralisation at surface at Garfield was made by Sunrise prior to selling the project mining claims. Sunrise has retained a 2% NSR royalty over the original claim area and a 1-mile surrounding area. NSR royalty interests such as this are risk free to the holder as they are payable from revenue and not exposed to profitability. Furthermore, they are free carried and so, as holder, we are not required to contribute to exploration or mine development costs. Royalty interests also have a ready market amongst numerous specialist royalty holding companies. The Garfield royalty is just one of a number of royalty interests held by the Company and built into our agreements with other parties.
GMR's news release, yesterday, can be viewed in full at:
https://polaris.brighterir.com/public/guardian_metal_resources/news/json_news/story/wvmdn0w
Example of epithermal quartz vein material sampled from the Power Line zone. This sample assayed at 18.3 g/t Au, 43.6 g/t Ag and 11,300 ppm Pb
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