Stock Market News
Sunrise makes good progress at CS Project
Sunrise Resources updated the market on results from the phase two drill programme at its CS Pozzolan-Perlite Project in Nevada on Friday, reporting that CS Project natural pozzolans were being evaluated as a 'green' replacement for Portland cement in cement mixes and concrete mixes.
The AIM-traded company also claimed that perlite was being used as a lightweight industrial material and horticultural growing medium.
It confirmed 25 reverse circulation percussion drill holes were completed for a total of 838m of drilling, to better define the zones of commercial interest and assist in the preparation of mine plans for permitting.
Eight holes were drilled in the Tuff Zone pozzolan, including two repeat holes where original holes had poor sample recovery.
Thick zones of Tuff pozzolan were intersected from the bedrock surface, immediately beneath shallow colluvium, in all but one hole.
The majority of holes ended in Tuff pozzolan with intersections up to 46 metres thick.
Sunrise said 16 holes were also drilled in the Main Zone perlite and tephra pozzolan:
A total of 12 holes intersected perlite from the bedrock surface, with thick perlite intersections of up to 26 metres encountered.
Thick tephra pozzolan was also intersected in step-out hole 18CSRC31 from the bedrock surface at 4.6 metres deep, to end-of-hole at 32 metres.
The first step-out hole into the Northeast Zone, 18CSRC32, hit tephra pozzolan from the bedrock surface at 1.5 metres deep, to a depth of 40 metres.
"The Phase 2 drill programme has delivered everything that was hoped for and more," said executive chairman Patrick Cheetham.
"The thick and open ended intersections of tephra pozzolan from bedrock surface in the step-out holes in the Main Zone and Northeast Zone are impressive and demonstrate potential to add substantially to the known pozzolan deposits in the Tuff and Main Zones.
"We are now very confident that the Main and Northeast Zones are part of one continuous zone with a very large open-pit tonnage potential."
The AIM-traded company also claimed that perlite was being used as a lightweight industrial material and horticultural growing medium.
It confirmed 25 reverse circulation percussion drill holes were completed for a total of 838m of drilling, to better define the zones of commercial interest and assist in the preparation of mine plans for permitting.
Eight holes were drilled in the Tuff Zone pozzolan, including two repeat holes where original holes had poor sample recovery.
Thick zones of Tuff pozzolan were intersected from the bedrock surface, immediately beneath shallow colluvium, in all but one hole.
The majority of holes ended in Tuff pozzolan with intersections up to 46 metres thick.
Sunrise said 16 holes were also drilled in the Main Zone perlite and tephra pozzolan:
A total of 12 holes intersected perlite from the bedrock surface, with thick perlite intersections of up to 26 metres encountered.
Thick tephra pozzolan was also intersected in step-out hole 18CSRC31 from the bedrock surface at 4.6 metres deep, to end-of-hole at 32 metres.
The first step-out hole into the Northeast Zone, 18CSRC32, hit tephra pozzolan from the bedrock surface at 1.5 metres deep, to a depth of 40 metres.
"The Phase 2 drill programme has delivered everything that was hoped for and more," said executive chairman Patrick Cheetham.
"The thick and open ended intersections of tephra pozzolan from bedrock surface in the step-out holes in the Main Zone and Northeast Zone are impressive and demonstrate potential to add substantially to the known pozzolan deposits in the Tuff and Main Zones.
"We are now very confident that the Main and Northeast Zones are part of one continuous zone with a very large open-pit tonnage potential."
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