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Sunridge Gold And Antofagasta Minerals Commence Drilling At Daero
Paulos, Part Of The Asmara Project, Eritrea
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Sunridge Gold Corp. (SGC/TSX.V) is pleased to announce that an initial
2,000 meter phase one drill program has commenced at Daero Paulos, a
large new copper prospect on the Asmara Project, Eritrea. The Daero
Paulos target is part of the exploration funding agreement with
Antofagasta Minerals S.A. which was completed on October 2, 2009.
Daero Paulos is a large area of intense alteration measuring
approximately 500 meters wide and 2.5 kilometers long, that has
recently been subject to detailed geological mapping by Antofagasta and
Sunridge geologists. The target has not been previously drilled and is
located about 10 kilometers southwest of the capital city of Asmara
with good access by asphalt and dirt roads. It is the first target to
be drilled under the Sunridge/Antofagasta joint exploration agreement
in which Sunridge is the operator.
Detailed mapping has shown Daero Paulos to be a broad area of strong
sericite and kaolinite alteration associated with intense quartz
stockwork veining. The prospect has been further defined by stream and
soil geochemistry surveys which show elevated copper values coincident
with parts of the mapped areas of alteration.
An initial six
Diamond drill holes with average depths of approximately
300 meters for a total of 2,000 meters is planned for Daero Paulus. It
is anticipated that this program would be significantly expanded if
some of these holes intersect significant copper mineralization.
ABOUT SUNRIDGE:
Sunridge is a mineral exploration and development company focused on
the acquisition, exploration, discovery and development of base and
precious metal projects on the Asmara Project in Eritrea and
exploration properties in Madagascar.
Sunridge has approximately 76 million shares outstanding and
approximately $7 million in cash. Sunridge trades on the TSX Venture
Exchange under the symbol SGC. For additional information on the
Company and its projects please view the slide show on our website at
www.sunridgegold.com or call Don Halliday or Greg Davis at the numbers
listed below.
SUNRIDGE GOLD CORP.
"Michael Hopley"
Michael Hopley, President and Chief Executive Officer
For further information contact:
Don Halliday, Executive Vice President
Email: donh@sunridgegold.com
Tel: 604-899-1505 (direct)
Greg Davis, VP Business Development
Email: greg@sunridgegold.com
Tel: 604-688-1263 (direct)
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
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Copyright (c) 2010 SUNRIDGE GOLD CORP. (TSXV-SGC) All rights reserved.
For more information visit our website at http://www.sunridgegold.com/
or send mailto:info@sunridgegold.com
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