Sunrise Resources Plc County Line Diatomite Project (8169W)
14 February 2017 - 8:24AM
UK Regulatory
TIDMSRES
RNS Number : 8169W
Sunrise Resources Plc
14 February 2017
14 February 2017
Sunrise Resources Plc
County Line Diatomite Project
Sunrise Resources plc (LON: SRES) ("Sunrise" or the "Company")
the AIM quoted diversified mineral exploration and development
company wishes to advise that EP Minerals, LLC has given notice to
the Company, terminating its lease of the Company's County Line
Diatomite claims in Nevada, USA.
This notice was unexpected, given that EP Minerals, LLC recently
expanded its work programme and financial bonding under its permit
with the US Bureau of Land Management. Under the terms of the Lease
Agreement EP Minerals, LLC is now required to provide the Company
with the results of its exploration on the property.
Patrick Cheetham, Executive Chairman of Sunrise Resources plc
commented "We are, of course, sorry to see EP Minerals withdraw
from the project. However, their permitted work programmes have
focussed on a specific area of the claims and, based on our own
testwork in other parts of the claim group and also the results of
tests carried out by another previously interested party, we firmly
believe there is an on-going opportunity for the production of high
value filter products from County Line diatomite. We will now
explore alternative ways to commercialise this opportunity
alongside the other projects in our industrial mineral project
portfolio which continue to produce good results."
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
Further information:
Sunrise Resources plc
Patrick Cheetham, Executive
Chairman Tel: +44 (0)1625 838 884
Northland Capital Partners
Limited
Nominated Adviser & Broker
Edward Hutton/David Hignell
John Howes/Rob Rees Tel: +44 (0)20 3861 6625
Beaufort Securities Limited
Joint Broker
Jon Belliss Tel: +44 (0)20 7382 8300
Notes to Editors:
About Sunrise Resources plc
Sunrise Resources plc is an AIM-traded diversified mineral
exploration and development company. The Company's objective is to
develop profitable industrial minerals mining operations to sustain
the Company's wider mineral exploration efforts and create value
for shareholders through the discovery of world-class precious
metal and diamond deposits.
The Company holds a portfolio of industrial minerals projects in
Nevada, USA including deposits of diatomite, natural pozzolan and
high-grade limestone. It is also exploring for silver, gold, and
diamonds in Nevada and Western Australia.
Shares in the Company trade on AIM. EPIC: "SRES"
Website: www.sunriseresourcesplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
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February 14, 2017 03:24 ET (08:24 GMT)