Sunrise Resources plc’s option holder Tolsa USA Inc has received approval for a planned resource definition drill programme at the sepiolite project near Pioche in Nevada, USA. OPEN PIT MINING The US Bureau of Land Management has approved 24 drill holes, over a 2.5km by 2km area, scheduled to begin in mid-July. A truck-mounted auger […]
Tag: Sunrise Resources plc
Sunrise progresses sample tests from Pioche trenching
Sunrise Resources plc reported progress at its sepiolite project near the town of Pioche in Lincoln County, Nevada, USA. PROJECT The company has granted Spanish company Tolsa S.A., the world’s largest producer of sepiolite, an exclusive option to purchase the project claims for US$1.25 million cash by 28 December 2023. Sunrise retains a 3% net […]
Sunrise stakes 27 mining claims at Reese Ridge
Sunrise Resources plc has staked 27 new mining claims targeting gold and base metals immediately next to its Ridge limestone project at Reese Ridge in central Nevada, USA. REESE RIDGE The project lies on the south side of the prospective Humboldt structural zone and next to the Reese River geothermal system which is currently undergoing […]
Tolsa stakes further claims at Pioche
Sunrise Resources plc said that 31 additional mining claims have been staked by potential purchaser Tolsa USA Inc at the Pioche sepiolite project in Nevada, USA. DRILLING Sunrise said that the new claims more than double the size of the project and cover projected extensions of the sepiolite deposits outlined in the 2022 mapping and […]
Tolsa continues Pioche sepiolite option deal
Sunrise Resources plc reported that, following positive trenching results, Tolsa USA Inc will continue the option agreement to acquire the Pioche sepiolite project in Nevada, USA. EVALUATION WORK In June 2022, Sunrise granted the Spanish group’s subsidiary an exclusive option to buy the asset for $1.25 million in cash. Tolsa began trenching work in October […]
Sunrise to advance projects after increase in losses
Sunrise Resources plc said it would continue to advance its projects after it recorded an increase in losses including impairment of exploration assets in Australia and the USA. FINANCES The group is not yet producing minerals from its perlite, pozzalan and sepiolite assets in Nevada and gold in Australia, and has no income other than […]