(Sorry, islandjon, yours is difficult to read)
Drilling Commences on Eldorado Property Near Red Chris Deposit
Armstrong, British Columbia CANADA, April 22, 2013 /FSC/ - Sunrise Resources Ltd. (SHI - TSX Venture), is pleased to announce the commencement of a 1,500-metre diamond drilling program on the Company's Eldorado Property. The property covers the Eldorado and bonanza Minfile copper-gold showings located approximately 10 kilometres along strike to the northeast of Imperial Metals' Red Chris copper-gold deposit, which is in the mine construction phase. The current drill program will consist of a minimum of 1,500 metres in three to five holes and will provide a broad first past test of the deep chargeability anomaly identified in the fall of 2012. This program is being carried out by the optionee of the property, Colorado Resources Ltd., which was granted an option in 2012 to acquire up to a 75% interest in the property.
In consultation with Sunrise, Colorado recognized that previous exploration had only tested the Eldorado Property to shallow (
The 24 line kilometres IP survey was completed by Peter E. Walcott and Associates and consisted of 200m dipole spacing with the ability to measure to 500m depths. This survey indicates a 1400m x 2000m moderate (>10 mv) chargeability anomaly with two discrete shallow zones in the north central portion that were the focus of 1980's drilling, but more importantly, shows a 500m x 2000m strong (>15 mv) chargeability anomaly in the south that was not detected by previous surveys and has never been tested.
Sunrise and Colorado are encouraged by the fact that there is a sizeable (500m x 2000m) untested IP anomaly located in a broad valley under cover in a similar geological setting in such close proximity to Imperial Metals' Red Chris deposit. The geophysical anomaly is similar in size, shape and strength to geophysical anomalies with associated mineralized bodies at both NGEx's GJ Property and Imperial Metals' Red Chris Property. Highly anomalous copper and gold in soils located by previous work near the only outcrop on the property on the periphery of this geophysical anomaly also indicate that this sulphide system has the potential to carry anomalous copper and gold values.
According to Irvin Eisler (CEO of Sunrise): "We are delighted that Colorado's professional team has moved so quickly to conduct the IP survey and now commence drilling. Colorado has excellent management and is well financed."
For further information, please contact:
Responsible Officer: Irvin Eisler, CEO
Telephone: (250) 546-6559
Email: i_eisler@telus.net