Today's Cannacord Morning CoffeeSunridge Gold (SGC : TSX-V : $2.40), Net Change: 0.56, % Change: 30.43%, Volume: 849,300
Meanwhile, somewhere in Eritrea… Shares of Sunridge Gold traded higher Friday after the company reported results from 19 new reverse-circulation and diamond drill holes from their Debarwa high-grade copper and gold deposit, part of the Asmara Project in Eritrea. The company says many of the holes confirm the presence of the high-grade copper supergene zone at the Debarwa Main zone and show appreciably higher gold and silver values than has been seen in previous drilling. More drill personnel and a fourth drill rig have been added to the project. Highlights include hole DEBR-D-021 which intersected 20.10 meters grading 15.30% copper, 9.69 g/t gold and 123.86 g/t silver including an interval of 1.80 meters grading 71.33 g/t gold. Hole DEBR-D-022 which intersected 20.00 meters grading 12.83% copper, 4.55 g/t gold and 68.83 g/t silver. Sunridge is currently earning a 40% interest in the Asmara Project by spending US$2.4 million on the project. The company has the right to earn up to a 90% interest in the project by financing the project through to production.