7th Dec 2015 10:08
LONDON (Alliance News) - AIM-listed Sunrise Resources PLC on Monday said it has staked claims over a second industrial minerals project in Nevada, US.
The move follows the mineral exploration and development company's agreement with EP Minerals LLC for the further evaluation of the County Line Diatomite deposit. Last week's deal saw Sunrise agree to lease its County Line mining claims in Nevada to EP Minerals.
The Pozz Ash project claims cover a deposit of volcanic ash. The company is now evaluating the claims as a source of natural pozzolan for use as an environmentally friendly replacement for Portland cement in the manufacture of cement and concrete mixes.
"Climate change legislation and pressures are driving strong interest in natural pozzolans, and so we are very pleased to have identified this opportunity during recent prospecting in Nevada," Executive Chairman Patrick Cheetham said in a statement.
Shares in Sunrise Resources were up 15% at 0.201 pence on Monday morning.
By Samuel Agini; [email protected]; @samuelagini
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