Metals & Minerals News

Sunrise notes start of trenching at Pioche

Posted on Author editorial Comment(1)

Sunrise Resources plc said that a planned trenching programme was due to start this week at its Pioche sepiolite project in Nevada, USA.

Example: Sunrise has a long-standing strategy to identify overlooked mineral opportunities (Sunrise Resources)

PROGRAMME

Potential buyer, Spanish firm Tolsa USA Inc, which has an exclusive option to acquire the project, has received approval from the US Bureau of Land Management (BLM) for its proposed programme.

Up to 2km of excavator trenching will start this week to better expose and sample the mapped sepiolite deposits.

OVERLOOKED MINERALS

Sunrise executive chairman Patrick Cheetham said that Tolsa had already identified “multiple horizons of sepiolite” at the project.

“The trenching programme will provide further exposures of the sepiolite beds to enable a better evaluation of their thicknesses and quality.

“The Pioche project exemplifies the company’s long-standing strategy to identify overlooked mineral opportunities and convert these into cash and free carried royalty interests such as those the company already holds on the Junction [gold], Garfield [copper-gold] and Stonewall [gold] exploration projects.”

Related Articles
News Oil & Gas

Sound Energy evaluates possible offer for Angus

Posted on Author editorial

Sound Energy plc announced it was evaluating a possible all-share offer for the entire issued and to-be-issued share capital of Angus Energy plc. PREVIOUS PROPOSALS In a statement issued today, Sound Energy said that between 18 December 2021 and 4 January 2022 it had made “indicative proposals to Angus regarding a potential all-share combination”, which […]
News Oil & Gas

IOG phase I capex to rise on slow progress at Bacton

Posted on Author editorial

IOG plc said it anticipated increased Phase I overspend of 20-25% as the company reported slower than expected progress at Bacton gas terminal. EXPENDITURE IOG previously indicated that the gross “outturn” total Phase I capital expenditure was anticipated to exceed the original £305.5 million field development plan (FDP) budget by up to 10%. The company […]
ESG News Oil & Gas

OGA investigates possible breach of flare consent

Posted on Author editorial

The Oil and Gas Authority (OGA) has started an investigation into a possible breach of a flare consent, contrary to the requirements of the licence.   The investigation follows an inquiry which concluded that there was sufficient initial evidence to merit a full investigation into a potential failure to comply. The investigation will, among other things, gather and assess further information to […]

One Reply to “Sunrise notes start of trenching at Pioche”

  1. Pingback: Tolsa continues option deal on Sunrise Resources' Pioche sepiolite - Extractive Industries

Comments are closed.