RCS - Sunrise Resources - Garfield Royalty Interest

Sunrise ResourcesAnnouncement

Yesterday 11:00

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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                  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

 AlbR Capital Limited

 Broker

 Lucy Williams/Duncan Vasey

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Shares in the Company trade on AIM.

EPIC: "SRES". Website: www.sunriseresourcesplc.com
(http://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
(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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