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 […]
Tag: Sunrise Resources plc
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 […]
Sunrise notes start of trenching at Pioche
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. […]
Sunrise begins joint tests on Hazen natural pozzolan
Sunrise Resources plc is working with an existing processor of natural pozzolan to mine and test-grind a bulk sample of the company’s Hazen deposit in northern Nevada, USA. HAZEN The Hazen pozzolan project is in Churchill County 20 miles from the town of Fernley and 24 miles from the county town of Fallon. In June […]
Sunrise notes extensive trenching plans at Pioche
Sunrise Resources plc reported an application for extensive trenching programme at the company’s sepiolite project near the historic mining town of Pioche in Lincoln County, Nevada, USA. SURFACE MAPPING The project is under a $1.25 million sale option to Tolsa USA Inc which submitted the notice to the US Bureau of Land Management (BLM) for […]
Sunrise to sell Pioche for $1.25m to Tolsa
Sunrise Resources plc said it had granted Tolsa S.A. an exclusive option to buy for US$1.25 million in cash the company’s 100% owned Pioche sepiolite project in Nevada, USA. PIOCHE The project lies near the historic mining town of Pioche in Lincoln County, Nevada. Sunrise added that the agreement followed “encouraging results” of testwork carried […]