Sunridge Gold Selects Wardrop for Scoping Study at
Emba Derho Project, Eritrea Canadian Corporate Newswire
April 08, 2008 Tuesday 8:00 AM EST
HEADLINE:
Sunridge Gold Selects Wardrop for Scoping Study at Emba
Derho Project,
Eritrea
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 8, 2008) -
Sunridge Gold Corp.
(TSX VENTURE:SGC) has commissioned Wardrop Engineering
Inc.'s ("Wardrop") U.K. Operations office to complete a
preliminary assessment (scoping study) of the Company's
large Emba Derho zinc-copper-gold-silver VMS project in
Eritrea. This study will investigate all aspects of
the possible development of Emba Derho including updating
the mineral resources, the open-pit design, determining the
optimum mining rate, a review of metallurgical studies and
the design of the processing plant, the selection of
equipment and manpower needs, estimates of capital and
operating costs, financial modeling and risk analysis. The
study will, if appropriate, give an economic justification
to proceed to a pre-feasibility study or directly to a full
feasibility study and will provide a scope of work,
schedule, and cost estimate for the pre-feasibility or
feasibility study. Wardrop is set to begin work on the study
immediately and a final report is expected by late August
2008.
The study will commence by updating the resource estimate at
Emba Derho as ongoing exploration drilling has significantly
expanded the footprint of the deposit since the initial NI
43-101 resource estimate was completed in 2007 (see Sunridge
Gold news release NR2008-01 dated January 14, 2008). The
current estimated Indicated resources at Emba Derho contain
1.7 billion pounds of zinc, 735 million pounds of copper,
402,000 ounces of gold and 15 million ounces of silver.
"Sunridge is committed to fast-tracking the Emba Derho
Project through development and towards production. Teaming
up with an internationally recognized firm like Wardrop, who
have the capability of taking the project through
preliminary assessment and into feasibility study and
possibly construction, is an important step for Sunridge,"
states Sunridge President and CEO Michael Hopley.
| Summary of Indicated Mineral Resources at Emba Derho |
|
(only includes drilling completed prior to August 2007) |
| |
|
------------------------------------------------------------------------ |
|
Average Average Average Average |
|
Cut-off Million Grade Grade Grade Grade |
|
Zone grade tonnes Zn% Cu% Au g/t Ag g/t |
|
------------------------------------------------------------------------ |
|
Zinc Primary 1.0% Zn 27,895 2.52 0.46 0.36 11.51 |
|
------------------------------------------------------------------------ |
|
Copper Primary 0.5% Cu 21,177 0.36 0.96 0.12 6.74 |
|
------------------------------------------------------------------------ |
| |
|
Total Contained Metal in Indicated Mineral Resources at Emba Derho |
|
(only includes drilling completed prior to August 2007) |
| |
|
------------------------------------------------------------------------ |
|
Million Million Thousand Million |
|
Cut-off Million lbs lbs Oz Oz |
|
Zone grade tonnes Zn Cu Au Ag |
|
------------------------------------------------------------------------ |
|
Zinc Primary 1.0% Zn 27,895 1,552.2 284.7 323.9 10.3 |
|
------------------------------------------------------------------------ |
|
Copper Primary 0.5% Cu 21,177 170.4 450.4 78.6 4.6 |
|
------------------------------------------------------------------------ |
|
49,072 1,772.6 735.1 402.5 14.9 |
|
------------------------------------------------------------------------ |
The study will focus on the large deposit at Emba Derho, but
will also consider potential synergies that may allow the
extraction of the nearby resources at Adi Nefas and Gupo
Gold, located 6 km and 7 km away, respectively. Adi Nefas is
a high grade VMS deposit with a January 21, 2008 NI43-101
compliant Indicated resource of 2.73 million tonnes at 8.38%
zinc, 1.39% copper, 2.85 g/t gold, and 99.30 g/t silver.
Gupo Gold has a September 15, 2003 NI43-101 compliant
Inferred resource of 1,965,000 tonnes grading 2.99 g/t gold
totaling 189,000 ounces gold. Both deposits are open for
expansion laterally and at depth.
Wardrop is a Canadian company with 17 locations worldwide
and has been active in the mining industry for over 40 years
specializing in taking development projects forward from
grassroots exploration, to pre-feasibility, feasibility,
detailed engineering, procurement, construction management
and ultimately, operations.
About Sunridge Gold
Sunridge Gold Corp. 
is
a mineral exploration company focused on the acquisition,
exploration, discovery and development of precious and base
metal projects. The Company has 62.2 million common shares
outstanding, $12.5 million in cash and trades on the TSX
Venture Exchange under the symbol SGC. For additional
information on the Company and its projects please view the
slide show on our website at
www.sunridgegold.com or call Don Halliday or Greg Davis
at the numbers listed below.
Note: The Qualified Person responsible for the release of
this information is Michael Hopley, President and Chief
Executive Officer of
Sunridge Gold Corp.
SUNRIDGE GOLD CORP.
Michael Hopley, President and Chief Executive Officer
FOR FURTHER INFORMATION PLEASE CONTACT:
Sunridge Gold Corp. 
Don Halliday
Executive Vice President
Direct: (604) 899-1505
Email:
odealmeida@sunridgegold.com
or
Sunridge Gold Corp. 
Greg Davis
VP Business Development
Direct: (604) 688-1263
Email:
greg@sunridgegold.com
Website:
www.sunridgegold.com
The TSX Venture Exchange has not reviewed and does not
accept
responsibility for the adequacy or accuracy of the content
of this News
Release.
LOAD-DATE:
April 8, 2008