TIDMSRES
RNS Number : 9415M
Sunrise Resources Plc
03 August 2017
SUNRISE RESOURCES PLC
("Sunrise" or "the Company")
3 August 2017
UPDATE
CS POZZOLAN-PERLITE PROJECT, NEVADA
Sunrise Resources plc, the AIM-traded company focusing on the
development of its CS Pozzolan-Perlite Project in Nevada, USA, is
pleased to provide this update following completion of the drilling
programme announced on 13 July 2017.
Highlights
-- Drilling programme completed on schedule.
-- Programme expanded from 5 drill holes in Main Zone to 9
holes, including 2 holes in Tuff Zone.
-- Thick intervals of perlite-pozzolan visually identified from
drill samples (to be confirmed by testing).
-- Quality testing of drill samples now underway.
-- Exceptional results from initial testing of surface samples from new Northeast Zone.
Commenting today, Executive Chairman Patrick Cheetham said: "I
am delighted to report the intersection of substantial thicknesses
of rock identified as perlite and pozzolan. The drilled thicknesses
now being reported are comparable to those documented for other
deposits now in production elsewhere in the USA. The drilling
programme progressed quickly allowing us to expand the programme to
include successful drill testing of the Tuff Zone, which was not
originally planned, but where we have now intersected a very thick
sequence of the target pozzolanic tuff. A comprehensive programme
of drill sample testwork will now follow. Testing is an ongoing
process as we work towards the provision of samples for more
extensive customer testing."
Further information
Sunrise Resources plc
Patrick Cheetham, Executive
Chairman Tel: +44 (0)1625 838 884
Northland Capital Partners
Limited
Nominated Adviser & Broker
Edward Hutton/David Hignell
John Howes/Rob Rees Tel: +44 (0)20 3861 6625
Beaufort Securities Limited
Joint Broker
Jon Belliss Tel: +44 (0)20 7382 8300
Detailed Information.
The plan for the recently completed drill programme was
announced on 14 June 2017 and comprised five holes to test the
perlite-pozzolan areas in the centre of the Main Zone.
The drilling, which started and finished on schedule, progressed
quickly and available budgets allowed for a further four drill
holes to be added to the programme. Two additional holes were
drilled at one site in the Main Zone to provide structural
information and two holes were drilled in the Tuff Zone.
Drilling in the Main Zone encountered thick intervals of glassy
rock visually identified as pozzolan and perlite. Thicknesses up to
27m from surface (perlite and pozzolan in Hole 17CSRC3) are
comparable to those reported from many commercial deposits
currently in production. Drilling in the Main Zone is currently too
widely spaced, with drill holes 150-200m apart, to confirm
correlation between holes. However, it is noted that the target
zones were intersected in all drill holes completed in this
programme with no significant overburden.
Drilling on the Tuff Zone encountered thick intervals of the
target tuff including 61m of tuff in hole 17CSRC8 from bedrock
surface to the end of hole. The tuff is mapped as dipping at a very
shallow angle and so the intersection in this vertical hole
approximates true thickness.
Further information on the target zones intersected in this
drill programme is shown in the accompanying table. Designation of
the intervals as pozzolan-perlite or pozzolan is currently based on
the visual appearance of drill samples, but is supported by
continuity with adjacent surface exposures already tested positive
by the Company as perlite-pozzolan or pozzolan. The Company has a
high level of confidence in this designation but a comprehensive
testing programme is now underway on the drill samples to confirm
this and to ensure that the quality of the surface material
continues at depth.
Pozzolan and perlite testing is an ongoing process with multiple
sequential tests being undertaken over significant time periods.
The tests are designed to not only confirm the industrial value of
the CS Project but to encourage further end-user testing of
samples. Material developments will be announced as they arise.
A drill hole location plan and example cross-sections through
the Main Zone and the Tuff Zone will shortly be added to the CS
Project page on the Company's recently redesigned and relaunched
website: https://www.sunriseresourcesplc.com/cs-project
Northeast Zone
On 29 June 2017 the Company announced the discovery of a new
zone of interest, the Northeast Zone.
The Company is able to announce that two surface samples from
the north end of this zone have returned exceptional results in
strength testing with a 20% Portland Cement replacement mortar mix
returning a 28 day strength in excess of that of a 100% Portland
Cement mix. Many commercial pozzolans increase the long-term
strength of concrete but such improvement at 28 days curing is an
unusually good result and further samples have been taken for
confirmation testing.
Mapping carried out during the drill programme suggests that
there is likely to be continuity between the Main Zone and the
Northeast Zone.
Table showing down-hole intersections of Target Zones in July
2017 drill programme
Hole Number From To (m) Target Zones, To be
(m) tested as:
------------- ------ ---------- --------------------
MAIN ZONE
------------- ------ ---------- --------------------
17CSRC1 7.00 12.19 Perlite & Pozzolan
------------- ------ ---------- --------------------
12.19 27.43 Pozzolan
------------- ------ ---------- --------------------
27.43 EOH 30.48 Perlite & Pozzolan
------------- ------ ---------- --------------------
17CSRC2 0.00 EOH 24.38 Perlite & Pozzolan
------------- ------ ---------- --------------------
17CSRC3 0.00 27.43 Perlite & Pozzolan
------------- ------ ---------- --------------------
17CSRC4 1.52 16.76 Perlite & Pozzolan
------------- ------ ---------- --------------------
*17CSRC5 0.00 4.57 Perlite & Pozzolan
------------- ------ ---------- --------------------
*17CSRC6 0.00 6.10 Perlite & Pozzolan
------------- ------ ---------- --------------------
*17CSRC7 0.00 18.29 Perlite & Pozzolan
------------- ------ ---------- --------------------
TUFF ZONE
------------- ------ ---------- --------------------
17CSRC8 7.62 EOH 60.96 Pozzolan
------------- ------ ---------- --------------------
17CSRC9 0.00 18.29 Pozzolan
------------- ------ ---------- --------------------
Notes to Table:
Grades normally reported for exploration drilling results are
not applicable to intersections of pozzolan and perlite, the value
of which depends on "whole rock" physical and chemical properties
yet to be determined for the reported intersections.
All holes vertical except 17CSRC6 (50 degree angle, azimuth 044
degrees) and 17CSRC7 (51 degree angle, azimuth 095 degrees).
*Three holes drilled at different angles and azimuths (note
above) from same collar location for structural information.
EOH - End of Hole.
About Natural Pozzolan
Pozzolan is a cementitious material that can partially replace
ordinary Portland cement in cement and concrete mixes in amounts up
to 35%. Natural pozzolans, therefore, have strong "green"
credentials as the production of Portland cement is responsible for
5% of the global man-made carbon dioxide emissions with nearly one
tonne of carbon dioxide (CO(2) ) generated for each tonne of cement
produced. Natural pozzolans can also improve the strength and
chemical resistance of concrete. Natural pozzolans can also replace
industrial by-product pozzolans in cement such as coal fly ash. The
availability and quality of fly ash is under threat as coal-fired
power stations are phased out in favour of natural gas plants and
fly ash quality becomes more variable due to increased emission
control legislation.
About Perlite
Perlite is a glassy raw material which, when heated in a
furnace, pops like popcorn and expands by up to 20 times in volume
into a white or pale coloured, low density material. Expanded
perlite is used in various industrial and household applications
such as insulation, paint texturing, building materials, filter
aids, insulating industrial cryogenic storage vessels and as a
potting medium in gardening and horticulture to aid water retention
and aeration of the soil. Some perlites can also be used as a
natural pozzolan.
Notes:
1. The news release may contain certain statements and
expressions of belief, expectation or opinion which are
forward-looking statements, and which relate, inter alia, to the
Company's proposed strategy, plans and objectives or to the
expectations or intentions of the Company's directors. Such
forward-looking statements involve known and unknown risks,
uncertainties and other important factors beyond the control of the
Company that could cause the actual performance or achievements of
the Company to be materially different from such forward-looking
statements. Accordingly, you should not rely unduly on any
forward-looking statements and save as required by the AIM Rules
for Companies or by law, the Company does not accept any obligation
to disseminate any updates or revisions to such forward-looking
statements.
2. This announcement contains inside information.
3. The information in this release has been compiled and
reviewed by Mr. Patrick Cheetham (MIMMM, MAusIMM) who is a
qualified person for the purposes of the AIM Note for Mining and
Oil & Gas Companies. Mr. Cheetham is a Member of the Institute
of Materials, Minerals & Mining and also a member of the
Australasian Institute of Mining & Metallurgy.
Shares in the Company trade on AIM. EPIC: "SRES". Website:
www.sunriseresourcesplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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