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Sunrise Resources posts results from Baker's Gold exploration
Sunrise Resources updated the market on the results of exploration it recently carried out at its Baker's Gold Project in Western Australia on Thursday.
The AIM-traded firm said the exploration was carried out at the Dicky Lee open pit, developed in the project area in the 1980s for the production of specimen gold-quartz nuggets.
It said mapping and chip sampling of gold bearing quartz-stockwork veins in the pit revealed ; gold values to 32.1 grams per tonne of gold, averaging 1.7 g/t Au.
Infill soil sampling at the DRL4 target confirmed a 500 metre-long gold-in-soil anomaly, which increased the tenor and enhanced the definition of the drill target.
"These new and positive exploration results were generated at low cost and enhance the value and marketability of the Baker's Gold project as we continue our divestment programme of non-core assets and focus on the development our CS Pozzolan-Perlite Project in Nevada," said executive chairman Patrick Cheetham.