Sunrise Updates Exploration Activities
Armstrong, British Columbia CANADA, August 06, 2013 /FSC/ - Sunrise Resources Ltd. (SHI - TSX Venture), (the "Company") is pleased to report on recent exploration activities on its Man Prime property in southern B.C. and its Timothy property in south central B.C.
The Company has recently completed 2 diamond drill holes on the northern portion of the Man Prime property in which it tested a concept of deep mineralization beneath surface showings and shallow drill holes dating from the late 1960s. Two holes, the first to a depth of 468.6 m and the second to a depth of 821.3 m, revealed very encouraging results as reported by the Company's geologist. The Company plans to continue drilling in the near future and will be looking even deeper within the broad well mineralized system revealed by the first 2 holes. The Company is presently reviewing all assay data received to date and is in the process of re-assaying a large percentage of samples using an assay procedure for copper rather than the preliminary ICP analysis completed to date.
The Company is also proposing to complete a deep IP survey over the northern portion of the property. Earlier IP surveys revealed a very large and strong, complex IP target with the deepest assessment reaching approximately 125 m below surface.
The Company has temporarily moved the diamond drill from the Man Prime location to its Timothy property where it proposes to test one or more of the Titan IP anomalies revealed from the 2011-2012 survey. These IP anomalies are in a volcanic / intrusive environment of the Quesnel Trough and have been shown to have the potential to host porphyry copper / gold mineralization as shown on the GWR Resources property adjacent to the north.
The Company is also investigating the potential of drilling at least one diamond drill hole near the northern boundary of its Moffat Creek property. This location has been shown to be underlain by a low to moderate strength IP anomaly (completed by Sunrise in 2010) that has some similar characteristics to data reported from the adjacent South East Zone of Consolidated Woodjam Copper. (227.5 mt at 0.31% Cu and 0.05 g/t gold). This South East zone lies approximately 1.5 km to the north north east from Sunrise's proposed drill site.
The Company is well funded to continue its exploration programs after having recently raised $500,000 in a Private Placement.
Mr J.W. Murton, P. Eng. is the qualified person who reviewed the technical information contained in this news release. Mr. Murton is a director of the Company.
For further information, please contact:
Responsible Officer: Irvin Eisler, CEO and President
Telephone: (250) 546-6559
Email: i_eisler@telus.net
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.
This news release contains forward-looking statements relating to continued drilling, completing a deep IP survey, testing the Titan IP anomalies, and being well funded to continue its exploration programs. Important factors that could cause actual results to differ materially from the Company's expectations are management's discretion to reallocate the proceeds of the Private Placement and adjust the exploration plans for its properties.
The Company cannot guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will only update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.
To view this press release as a PDF file, click onto the following link:
http://www.usetdas.com/pr/SunriseAug62013.pdf
Source: Sunrise Resources Ltd. (TSX.V-SHI)
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