Sunrise Resources plc, the AIM-traded company focusing on the development of its CS Pozzolan-Perlite Project in Nevada, USA, is pleased to provide the following project update.
Permitting studies and regulatory process on track - season dependent baseline studies completed.
Environmental consultants advise that the baseline studies have not identified any obstacles to the proposed mine development although the final assessment rests with the regulatory authorities.
Strength-Activity-Index ("SAI") testing of Phase 2 priority drill samples complete.
- SAI results for samples from infill and step out drill holes confirm thick intersections of high quality natural pozzolan ("HQNP").
- 30m vertical thickness of HQNP from 1.5m depth to the bottom of drill hole 18CSRC31, a 300m step out from the nearest hole in the Main Zone.
- SAI results from drill holes at east end of Tuff Zone confirm thick intersection of HQNP in all holes from near surface e.g. 43m from 3m depth to base of hole 18CSRC14.
- Surface mapping samples indicate HQNP extends at least 750m along strike.
- Three drill holes at far west end of Tuff Zone give mixed results.
Northeast Exploration Area: 38m of HQNP intersected in hole 18CSRC32 from 1.5 m depth in first and, so far, only drill hole in this large target area.
Expansion testwork complete. Application specific testing for cryogenic and horticultural applications complete. Testing for ceiling tile and plasters and mortar in progress.
Results support multiple applications for different zones of perlite.
Discussions and negotiations continuing with potential customers for HQNP and perlite. Samples provided for customer testwork.
Executive Chairman Patrick Cheetham commented: "I am pleased to be reporting further progress as we advance the CS Project towards production. The favourable results from our baseline environmental studies will facilitate a smooth permitting process and the regulatory process is on track. Testwork results continue to be outstanding and will feed into our mine and process plant designs which we expect to complete within the next two months. In addition to the previously reported interest in our future perlite production, we are pleased with the high level of interest being shown by potential customers in our future HQNP production and we continue to service these enquiries and provide samples for the customers' own testwork."