RCS - Sunrise Resources - Garfield Royalty Interest

Sunrise ResourcesAnnouncement

04/12/2023 14:00

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RNS Number : 6012V  Sunrise Resources Plc  04 December 2023

4 December 2023

 

SUNRISE RESOURCES PLC

("Sunrise" or the "Company")

 

Garfield Royalty Interest

 

Sunrise Resources plc notes the announcement made today by Golden Metal
Resources plc, ("GMR") owner of the Garfield Copper Project in the Walker Lane
Mineral Belt, Nevada USA where Sunrise holds a 2% Net Smelter Return Royalty.

 

Under the heading "Potential for Tier 1 Copper Deposit" GMR has announced
"extensive high-grade copper, silver and gold mineralisation from laboratory
assay testing undertaken following the recently completed ground
exploration…" and that "…the mineralisation now confirmed through the rock
sample laboratory assay results extends over a large footprint which indicates
the potential for Garfield to host a material copper deposit including:

 

-     High-Grade Zone: >1% copper results returned over an area of
approximately 1500 x 500m (open in multiple directions); and

 

-     across the entire Project: >1% copper results returned over an
area of approximately 3000 x 1500m (open in multiple directions)."

 

Further details can be found at:

 

https://polaris
(https://polaris.brighterir.com/public/golden_metal_resources/news/rns/story/x4o8n0w)
.brighterir.com/public/golden_metal_resources/news/rns/story/x4o8n0w
(https://polaris.brighterir.com/public/golden_metal_resources/news/rns/story/x4o8n0w)

 

With additional background at:

 

https://polaris.brighterir.com/public/golden_metal_resources/news/rns/story/w6mmoqx
(https://polaris.brighterir.com/public/golden_metal_resources/news/rns/story/w6mmoqx)

 

 

 

Commenting today, Executive Chairman Patrick Cheetham said:

 

Sunrise made the original surface discovery of copper-gold mineralisation at
Garfield so we are pleased to see GMR continuing the exploration that we
started at Garfield, prior to selling the project. We always look to retain a
royalty when we sell projects as royalty interest are readily realisable at
all stages of exploration and development. We will follow GMR's progress with
great interest."

 

 

 

Sunrise holds a 2% royalty over the Powerline Zone and the majority of the
High-Grade Zone. GMR may purchase one half of the royalty interest for
US$1million. For further details
see:https://www.sunriseresourcesplc.com/garfield-copper-gold-project-nevada
(https://www.sunriseresourcesplc.com/garfield-copper-gold-project-nevada)

 

Sunrise also holds a royalty interest over the Stonewall Project held by GMR.

 

 

 

 

 

"Further information:

 Sunrise Resources plc                  Tel: +44 (0)1625 838 884

 Patrick Cheetham, Executive Chairman
                                        Tel: +44 (0)207 628 3396

 Beaumont Cornish Limited

 Nominated Adviser

 James Biddle/Roland Cornish
                                        Tel: +44 (0)207 469 0930

 Peterhouse Capital Limited

 Broker

 Lucy Williams/Duncan Vasey

 

 

Shares in the Company trade on AIM.

EPIC: "SRES". Website: www.sunriseresourcesplc.com

 

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