Sunrise Resources Share Discussion Threads

[marmar80] 07/7/2016 10:13

Well, it's not all bad here. Fingers crossed the worst is behind us.

[bsg] 07/7/2016 10:11

More drilling to come hence more placings.

[baronstjohn] 07/7/2016 10:07

7 July 2016Clayton Silver-Gold Project, Nevada (Westgold Inc.) Further to its announcement of 19 May 2016 Sunrise Resources plc (ticker symbol 'SRES'), the AIM-traded diversified mineral exploration and development company ("the Company"), is pleased to provide information on the results of historic exploration on its Clayton Silver-Gold Project in Nevada which have now been made available to the Company. · Historic exploration carried out in the 1980s by Freeport McMoRan and Coeur Exploration. · 21 shallow holes drilled with significant silver intersections including: Hole CC-2: 6.1m at 4.5 ounces/ton (155 grammes/tonne) silver from 30.5m depth. Hole CC-6: 3.0m at 4.8 ounces/ton (165 grammes/tonne) silver from 16.8m depth. Hole CL-15: 7.6m grading 4.8 ounces/ton (165 grammes/tonne silver) from 82.3m depth to the base of hole. · A number of holes ended in mineralisation, or did not reach the target depth, due to difficult drilling conditions. · Freeport considered that grades were likely understated due to loss of fine silver-bearing sulphide minerals during the RC drilling programme. · Diamond drill testing now warranted. Commenting today, Executive Chairman Patrick Cheetham said: "We are delighted to have acquired this project at a time of rising silver prices and at low cost as a keystone for the precious metal portfolio we are now assembling in our new subsidiary Westgold Inc. The silver intersection at the base of hole CL-15 warrants follow up diamond drilling as originally recommended by Freeport's exploration team."

[fire2480] 07/7/2016 08:16

About time you announced the drilling cheatem , you announced it after last years drill results and to date nothing but promises

[laptop15] 05/7/2016 21:33

When is production expected here guys?

[tomboyb] 05/7/2016 09:18

It does look exciting and a recovery play -

Multi commodity projects -

Bay state looks fascinating as a project with silver prices really on the up -

[dewolf] 05/7/2016 09:12

sold some more cey to buy further here yesterday. such good projects bay state silver and the gold projects. in safe nevada. all permitted ready for next phase of drilling up bonanza grades. £15m valuation no problem. :)))

[giantpeach2] 05/7/2016 09:03

you will give someone a heart attack with that share price

[lentjes] 04/7/2016 21:49

Looking at the volume over the last days suspect we will get the update on the Bay State drill schedule by the end of the week and maybe a Pozz ash update which should take the share price above the 24p option price although I doubt the option will be taken up until the bay state drill results are announced.

Now only 12 months and hopefully we get the cash from EP Minerals $$$$$$

Things look to be falling into place nicely

[dewolf] 05/6/2016 07:50

Reminder of the Bay State Silver Project
Further Drilling campaign commencing. what they have on their hands here could be transforming

"Sunrise Resources has carried out a number of surface sampling programmes and in May 2015, gained access beyond a major rock fall on the Chihuahua Adit to enable sampling of the Chihuahua Vein System underground.

Bonanza silver values were obtained from both the vein system and the bedded replacement mineralisation where it intersects the end of the Chihuahua Adit. Samples graded up to 4kg/tonne silver (4,020g/t or 0.4% or 117oz/t) within replacement style mineralisation at end of adit over 61cm (2ft). The average of 18 samples along 230m strike length to end of adit was over over 1kg/tonne silver (1,123g/t or 33oz/t along 230m strike length to end of adit. Base metals are enriched up to 10% combined lead-zinc-copper."

[dewolf] 03/6/2016 08:51

Silver up strong
Further Bonanza grades at Bay State over coming months
See if they can get somewhere between 10m oz to start with.
we shall see
This one set to go

INT READ

[dewolf] 31/5/2016 16:06

that right lentjes. pozz ash project has big potential. same kind of deal struck with EP and more fund in the bank, this is the strategy to get projects, and try do deal for zero extra cost or cost paid back on sign.
Bay state silver drill soon. watch with anticipation.

20milliion volume. interest back, 1p on cards. big accumulation of shares.

[lentjes] 29/5/2016 08:58

I was against a further placing and would have preferred to have waited for the EP cash but it appears to have done the trick for now(WTFDIK).

Going forward it will be interesting to see how many of the remaining 14 Bay State permitted drill sites phase 2 will cover. Last time the 3 holes (500m of drilling) took 3 weeks for the drill and approx 7 weeks for the results although the drill sites and access roads were all in place so I can see phase 2 taking considerably longer if PC wants to drill all 14.

I suspect PC has already done the deal with the drilling company so I expect an announcement in the next couple of weeks latest which will hopefully keep the share price momentum going.

Going forward if the drill results are as expected the share price will rise well above the warrant price of 24p (if not before the results ) so if the warrants were taken up towards the end of the year once the drill results are known and fully understood and EP step up with the cash a few months early (I,m sure they will know the results of their evaluation earlier than 18 months) then on the bases that the placing GBP300K sees us through the remainder of the year we could be sat with best part of GBP 1m in the kitty early / mid next year.

Happy days

PS

And that's without any deal on the pozz ash ???

[dewolf] 27/5/2016 11:44

First Majestic CEO says Silver heading to triple digits.
Man on ground knows better than man in tower ;)

[bsg] 27/5/2016 08:44

If so, we should get back to 0.12p soon. Don't forget the recent 0.1p placing as well.

[dewolf] 26/5/2016 18:03

HOLDING RNS JUST OUT. i'd expect a couple more soon.

Charles Hall has now increased his holding from 20.5million to 45.5million shares holding of (4%) in SRES,

He also has notifiables in MTR also. 3%

A good mining investor buying at the bottom.

You basically are buying multiple assets in this for peppercorn.

[dewolf] 26/5/2016 17:56

5.5% holding in goldcrest. £50k. could soar.

Main attraction is the Silver andGold
they're going after the big deposits, no messa around.
drilling start soon on opposite end of Bay State Silver.
more bonanza grades expected

40 million shrs trade - majority buys.
£1.43m mk cap. come on. its got £5m written all over it. and still cheap.

[patviera] 26/5/2016 16:57

Looks like the Company liedStock didn't go to one institution Looks like it went to a bucket shop like svs who just stuff their clients in at massive premiumsLook at tertiarySvs buy at 1p and sell 20m to their clients the next day at 1.49pWhy are the fca allowing it?Why are svs allowed to take 50pcr turnsThe poor buyers

[marmar80] 26/5/2016 12:22

At least we know that this company is active again

[stevie blunder] 26/5/2016 11:58

Well that is encouraging!
Next news in the "near future". I want to see the historic drill results that they are trying to track down. If they were last drilled in an era of much lower gold prices there could be some results that look better with gold at 1200$

[xcap] 26/5/2016 11:57

don't forget the hidden gem in Goldcrest, massive potential there and a sizeable stake held

[squibno1] 26/5/2016 09:26

"The New Shares represent approximately 22.40 per cent. of the Company's enlarged issued share capital."
Fizzing heck -
at .12p this must surely be PC's last throw of the dice at a placing to get funds

[nigthepig] 26/5/2016 09:14

Dewolf - hope you are right. But those of us who have been here years have seen this all before. Unbelievable prospects that are going to make us rich. Unfortunately they never materialise. Will it be any different this time - one can hope!!!

[dewolf] 26/5/2016 08:46

26/05/2016 08:20 1,968,160 @ 0.14