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