REG - Sunrise Resources - Bulk Sampling - Hazen Pozzolan Project, Nevada

Sunrise ResourcesAnnouncement

12/10/2022 07:01

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RNS Number : 5394C  Sunrise Resources Plc  12 October 2022

12 October 2022

SUNRISE RESOURCES PLC

("Sunrise" or the "Company")

 

Bulk Sampling - Hazen Pozzolan Project, Nevada, USA

 

Sunrise Resources plc is pleased to announce the start of a collaborative
arrangement with an existing processor of natural pozzolan for mining and test
grinding of a bulk sample of the Company's Hazen natural pozzolan deposit in
northern Nevada.

 

This follows successful laboratory testing of the Hazen pozzolan by both
parties and the test programme will provide further information on the mining
characteristics and grinding behaviour of the Hazen natural pozzolan on a
commercial scale. Approximately 250 tons of natural pozzolan will be extracted
and processed at no cost to Sunrise.

 

Mining equipment is being mobilised and the bulk sample is scheduled to be
mined and delivered to the process plant this week for processing as soon as
facilities allow. The owner of the process plant is already involved in the
processing and marketing of natural pozzolan.

 

Commenting today, Executive Chairman Patrick Cheetham said:

 

"Whilst there is currently no obligation on either party to enter into a
further agreement at this stage, this is an important collaboration. The other
party has the processing facilities and marketing network in those regions
targeted by the Hazen Project to commercialise the Hazen deposit in the future
and the deposit is well located close to rail.

 

Our progress at the Hazen Project does not detract from our focus on the more
advanced

CS Pozzolan-Perlite Project in Nevada as the two projects target different
regional areas of cement and concrete demand served by a range of different
cement and ready-mix companies.

 

We look forward to advancing the Hazen Pozzolan Project alongside the

CS Project, and to providing further news from our Pioche Sepiolite Project in
Nevada where Tolsa, the world's largest producer of sepiolite, recently
applied for a permit to carry out a large trenching programme."

 

A schematic plan showing the location of the CS and Hazen pozzolan deposits
and their target markets is available on the Company's website at:
https://www.sunriseresourcesplc.com/hazen-pozzolan-project
(https://www.sunriseresourcesplc.com/hazen-pozzolan-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

 Peterhouse Capital Limited

 Broker

 Lucy Williams/Duncan Vasey

Shares in the Company trade on AIM. EPIC: "SRES".

Website: www.sunriseresourcesplc.com

 

 

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 which  forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this
announcement via Regulatory Information Service ('RIS'), this inside
information is now considered to be in the public domain.

 

 

Notes

 

About the Hazen Pozzolan Project

 

The Hazen Pozzolan Project is located in Churchill County in Northern Nevada
20 miles by road from the town of Fernley and 24 miles by road from the County
town of Fallon.

 

The Company's mining claims were staked in June 2021 to cover a deposit of
glassy pumice targeted as a natural pozzolan. Pumice is currently mined
elsewhere in the US as natural pozzolan and at Hazen was mined as a
lightweight aggregate from a shallow open pit some decades ago.

 

The markets for natural pozzolan, as a replacement for cement and fly ash in
concrete, are regional and reflect the distribution of the main areas of high
population density where concrete demand is highest.

 

The Hazen pozzolan deposit is just 9km from a rail siding on the arterial
east-west  Union Pacific line and is therefore well positioned for rail
transport to the regional markets of northern California, points east, as well
as the local markets around Reno and northern Nevada.

 

Its location is therefore complementary to the Company's CS Pozzolan-Perlite
Project which is targeting different cement and concrete markets in southern
California and the expanding adjacent cities of Las Vegas and Henderson in
southern Nevada.

 

Whilst the Hazen Project is less advanced than the CS Project, the Company's
laboratory testwork to date has shown that the material present in the pit is
of similar high quality to the

CS Project pozzolan. It exceeds the specifications of ASTM standard C618(1)
and mitigates the deleterious alkali silica reaction that occurs when concrete
is made using reactive aggregates.

 

The Hazen pumice has the additional property that it is lightweight and so it
will also be evaluated for its potential as a lightweight aggregate for use in
lightweight concrete blocks and facing stones.

 

The Company has obtained a permit from the US Bureau of Land Management
("BLM") for removal of a bulk test sample up to 500 tons of pozzolan from the
Hazen pit and has lodged the requisite financial reclamation bond with the
BLM.

 

Further work is required to determine the extent of the Hazen deposit although
indications are that the pumice extends several hundred meters beyond the
limits of the existing open pit.

 

 

(1) ASTM C618 is the international standard specification for coal fly ash and
raw or calcined natural pozzolan for use in concrete where cementitious or
pozzolanic action, or both, is desired, or where other properties normally
attributed to fly ash or pozzolans may be desired, or where both objectives
are to be achieved.

 

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