22nd Oct 2015 07:07
LONDON (Alliance News) - Sunrise Resources PLC on Thursday saw its shares surge higher in early trade after it said it intersected high-grade silver mineralisation in all drill holes at the Bay State Silver Project in Nevada.
Sunrise said the three drill holes delivered mineralisation of up to 1,460 grams per tonne of silver, with mineralisation seen in all three.
Follow-up drilling will now be undertaken at the project and the drill permits are already in place to allow for a quick progression to phase 2 drilling, the company said.
"I am pleased to be reporting success in hitting high grades of silver mineralisation in all three drill holes in our first test of the main Chihuahua Vein System. So far we have drilled at a wide spacing on only the northern section of the vein, and to a relatively shallow depth. We need to drill many more holes to get a true picture of the silver mineralisation but this is an excellent start," said Sunrise Executive Chairman Patrick Cheetham.
Sunrise shares were up 37% to 0.3415 pence early Thursday, one of the best performers in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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