Historic data on Sunrise’s Nevada precious metals claims warrants further exploration
TORONTO (miningweekly.com) – London’s Aim-listed Sunrise Resources has acquired historic data from previous explorers on the company’s Clayton silver/gold project, indicating that further drilling is indeed warranted.
Historic exploration carried out in the 1980s by Freeport McMoRan and Coeur Exploration had delivered some promising mineralised leads, with a number of holes ending in mineralisation, or not reaching the target depth, owing to difficult drilling conditions, the company advised Thursday.
Among the 21 holes drilled were some significant silver intersections including Hole CC-2, which intersected 6.1 m at 155 g/t silver from 30.5 m depth; Hole CC-6, which encountered 3 m at 165 g/t silver from 16.8 m depth; and Hole CL-15, which intersected 7.6 m at 165 g/t silver from 82.3 m depth to the base of the hole.
Sunrise stated that Freeport had previously thought that grades were likely understated owing to the loss of fine silver-bearing sulphide minerals during the reverse circulation drilling programme.
“We are delighted to have acquired this project at a time of rising silver prices and at low cost as a keystone for the precious metal portfolio we are now assembling in our new subsidiary Westgold Inc. The silver intersection at the base of hole CL-15 warrants follow-up diamond drilling as originally recommended by Freeport’s exploration team,” executive chairperson Patrick Cheetham stated.
Sunrise had in May acquired rights to the Clayton project, located at the south end of the Clayton Valley, a significant centre of lithium brine production. Through its subsidiary Westgold, the company had staked 15 mineral claims.
After evaluating the historic exploration results, the company now considered a programme of diamond drilling warranted to twin, and step out, from drill hole CL-15. The company was currently compiling the historical data into a three-dimensional model to assist with drill planning.
The project is located some 30 km south-east of the producing Mineral Ridge gold mine, 30 km south-west of the major historic mining centre of Goldfield, where a number of large gold/silver deposits were currently under development and 63 km south-west of the famous silver deposits of Tonopah, which produced more than 138-million ounces of silver and 1.5-million ounces of gold from 1900 to 1921.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation