Sunridge Gold expands mineralization at Debarwa deposit of Asmara project, Eritrea
Proactive Investors
Thursday, February 25, 2010
Sunridge Gold expands mineralization at Debarwa deposit of Asmara project, Eritrea
Sunridge Gold Corp said that results from the recently completed thirty-five drill holes at the 100 percent owned Debarwa copper-gold-zinc volcanogenic massive sulphide (VMS) deposit has expanded the envelope of mineralization both down dip and along strike to the south. Debarwa forms part of the group’s Asmara project in Eritrea, Northeast Africa.
Additionally, a new eastern limb to the Debarwa deposit has been discovered and the drilling has demonstrated that the Debarwa deposit remains open in several areas, the group said.
Results from drill holes DEBD-092, DEBD-095 and DEBD-113 show the high-grade copper supergene intercept to be significantly wider than predicted and drill hole DEBD-095 extended this zone about 20 metres further down-dip.
Drill holes DEBD-093, DEBD-094 and DEBD-121 successfully intercepted high-grade copper supergene mineralization in the Debarwa South zone located approximately 400 metres south of the main Debarwa zone. Drill holes DEBD-098 and DEBD-103 intercepted a previously unknown limb located 100 to 200 metres to the east of the main Debarwa deposit.
Drill holes DEBD-100, 108, 110, 111, 112, 118, and 119 expanded the primary mineralization to depth which remains open to depth. Further, holes DEBD-122 and DEBD-123 extended the strike length of the Debarwa deposit by approximately 200 metres beyond any previous drilling to the south and the zone remains open to the south.
Highlights include 36.75 metres grading 4.82 percent copper and 1.12 grams per ton gold, including 15.67 metres grading 10.21 percent copper and 2.01 g/t gold from DEBD-092.
DEBD-111 intersected 4 metres grading 1.09 percent copper, 9.33 percent zinc and 2.72 g/t gold, while DEBD-113 intersected 6.7 metres grading 13.42 percent copper, 2.63 g/t gold, and 49.21 g/t silver.
President and CEO Michael Hopley commented: "The drilling results from Debarwa are very encouraging and they will undoubtedly increase the existing resources which should have a very positive influence on the scoping study that we plan to start next month."
In the existing resource at Debarwa the copper supergene zone has an average grade of 5.36 percent copper using a 1 percent copper cut-off, and is estimated to contain 158 million pounds of copper in the Indicated category. The primary zone at Debarwa has not had significant delineation drilling in previous programs and is open for expansion at depth and along strike. The primary zone has an average grade of 2.53 percent copper with 3.23percent zinc in the Indicated category using a 1 percent copper cut-off.
The drill program at the Daero Paulus copper target at the Asmara project funded by Antofagasta Minerals SA is continuing and the current phase is expected to be completed in a few weeks. To date, approximately 2,000 metres in 6 drill holes have been completed and results are expected in 6 weeks, Sunridge added.