Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Royalty Interest - Garfield Project

15th Jul 2026 07:00

RNS Number : 3323M
Sunrise Resources Plc
15 July 2026
 

 

15 July 2026

 

SUNRISE RESOURCES PLC

("Sunrise" or the "Company")

 

Royalty Interest

 

Garfield Gold-Silver-Copper Project

 

Sunrise Resources plc notes the announcement made yesterday by Guardian Metal Resources plc (LON:GMET, OTCQX: GMTLF) ("GMR") in connection with its Garfield Copper Project in the Walker Lane Mineral Belt, Nevada, USA, where Sunrise holds a 2% Net Smelter Return ("NSR") Royalty.

GMR announced updates across its Nevada-based project portfolio. Of direct relevance to Sunrise's royalty area GMR has announced that geological mapping has identified further epithermal precious metal mineralised structures and a broad alteration footprint in the "High Grade" zone, as well as a new area of broader epithermal stockwork veining and mineralisation in highly silicified rhyolites in the "Mother" zone. GMR immediately acted to stake additional lode mining claims to acquire the new "Mother" zone.

The newly staked "Mother" zone occurs wholly within the Sunrise royalty area as does the previously defined "Power Line" zone and approximately half of the "High-Grade Zone" (see accompanying plan).

Note:

The original discovery of gold-copper-silver 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 are risk free as they are payable from future 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 its agreements with other parties.

 

 

 

Further information:

 

Sunrise Resources plc

Patrick Cheetham, Executive Chairman

Tel: +44 (0)1625 838 884

 

Beaumont Cornish Limited

Nominated Adviser

James Biddle/Roland Cornish

Tel: +44 (0)207 628 3396

 

AlbR Capital Limited

Broker

Lucy Williams/Duncan Vasey

 

Tel: +44 (0)207 469 0930

 

 

 

About Reach Announcements

 

This is a Reach announcement. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.

 

 

Shares in the Company trade on AIM.

EPIC: "SRES". Website: www.sunriseresourcesplc.com

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NRASFEFILEMSESW

Related Shares:

Sunrise Resources PLC
FTSE 100 Latest
Value10,600.37
Change28.13