Sunrise Diamonds plc
Sunrise Resources plc was formed to acquire the diamond exploration interests of Tertiary Minerals plc in 2005. Since then Sunrise Resources Company has made a number of new kimberlite discoveries in Finland and expanded its portfolio of diamond exploration interests in Finland. Sunrise has also joined forces with BHP Billiton to exploit the BHP Billiton diamond exploration database for Finland. Exploration is continuing and drilling of certain targets is planned for 2010.In 2009 Sunrise Resources Company made a strategic decision to expand its geographical focus as well as its commodity interests and in October 2009 Sunrise Resources Company announced an application for an exploration licence in Western Australia prospective for both diamonds and Ni-Cu-PGM (the Cue Project). Exploration for this project is scheduled to start after the grant of the licence which is expected mid-2010.
In September 2009 the Company was awarded an exploration licence in south-west Ireland for the industrial mineral barite (the Derryginagh Project). Past mining of high value filler grade barite and more recent drilling has indicated the potential for a modest scale mining operating that could, in time, produce a valuable cash flow for the Company. Most recently Sunrise Resources Company announced promising results from initial metallurgical testwork and product testing and further work is planned.Most recently Sunrise Resources Company secured an option agreement for the Long Lake Gold-Nickel-Copper-PGM project20km south-west of the City of Sudbury, Ontario (Canada). The Long Lake Gold Mine produced 57,000 ounces of gold from over 200,000 tonnes of ore mined in the periods 1910-1916 and 1932-1939 and has considerable untested gold potential. The claims also cover potential extensions to the currently producing Copper Cliff dyke system at the heart of the World’s most productive nickel-copper mining complex.The acquisition of the Long lake project completes an important stage in the strategic development of the Company’s project portfolio.
Contact Details
Executives
Chairman
Patrick L. Cheetham
Project Manager and Business Development
Andrew Dixon