Sunrise Resources plc said that plans for boreholes and further trenching would test extensions at its Pioche sepiolite project in Nevada. OPTIMISTIC Potential purchaser Tolsa S.A is working with the US authorities to obtain approval for 13 holes, each to a maximum of 130ft deep, as well as three large trenches for a total 300m. […]
Tag: Tolsa S.A.
Sunrise reports ‘medium-high grade’ sepiolite at Pioche
Two principal horizons of “medium-high grade” have been confirmed at Sunrise Resources plc’s sepiolite project near the town of Pioche in Lincoln County, Nevada. COMMERCIAL QUALITY Owner Sunrise Resources plc said that the summer’s exploration programme saw option holder and Spanish subsidiary Tolsa SA complete 20 drill holes over 2km by 1.1km. The holes, drilled […]
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 […]
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 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 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 […]